Montreal Stock Exchange Val d’Or big trader

News of a deal with Noranda Mines covering exploration of property adjacent to the Bardome zinc project in the Val d’Or, Que., area helped to spark the trading of more than 1.2 million shares of Ressources Val d’Or. The junior, which is in the process of consolidating its ownership in the Bardome project, jumped 7 cents to 18 cents. The ME reported a better trading month in May than in April, with a 23.5% increase in the total number of shares changing hands. The total dollar value also increased, and the daily trading average was higher. For the week ended June 12, the market portfolio dropped by almost 3 points and the mining and minerals index was off by about 31.5 points. The daily volumes ranged between 3.2 million and 7.4 million shares.

Societe d’Exploration Miniere Mazarin, searching for a partner to develop its graphite deposit in the Quebec-Labrador border area, has signed a second sales and distribution agreement, the newer one covering Asia. The first agreement, with a different company, covers central Europe. Trading 187,700 shares, Mazarin moved up 5 cents to 60 cents.

Subject to regulatory approval, Ressources Kimex has worked out a deal with Wabigoon Resources to acquire a 50% interest in the Hunter gold mine property in the Timmins, Ont., area. Kimex, which gained 2 cents to 25 cents on 132,500 shares, must spend $3 million on exploration over two years to earn its interest.

Ressources William is negotiating exploration deals with a pair of senior producers. The junior is willing to grant Corona an option to acquire 51% of its 75% interest in property in Vauquelin Twp., east of Val d’Or. It also is willing to grant Placer Dome an option to acquire a 51% interest in property in Dussieux Twp., east of Matagami, Que. Trading 16,600 shares, William slipped 1 cents to 22 cents.

Corona, which has been competing with Placer for control of the Eskay Creek gold project in British Columbia, fell 38 cents to $7.63 on a volume of almost 500,000. Trading 314,800 shares, Placer dropped 88 cents to $17.

Set to earn jointly an interest in a placer gold concession in Mali, West Africa, are Ressources Robex and Ressources Veinor. Trading 27,000 shares, Robex closed unchanged at 28 cents, while Veinor traded 2,000 shares and slipped 3 cents to 23 cents.