Assay results from the first two of 12 holes planned for the FER base metal property northeast of Flin Flon, Man., look encouraging, Canmine Resources reports. The junior traded in a high-low range of 83-62 cents on a volume of 376,800 during the week ended March 3.
Copper-zinc (and some gold) values were returned at FER from narrow widths. The second hole cut three lenses, the company said, adding that holes 3 and 4 also intersected the three
lenses.
In northwestern Ontario in the Springer Lake and Owen Lake areas, property owned by Horne Fault Mines has been optioned to KWG Resources, which can earn a 60% interest by spending $3 million during a 3-year period. Horne, not active during the report period, last traded at 37 cents.
Concopper Phosphate plans a share purchase program of up to 140,000 shares of its outstanding stock. The junior was 20 cents bid, 23 cents ask on the week.
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