Unlisted Trading Strike remains active

News of plans for a third drill program at the Robertson Twp. copper-zinc prospect near Matachewan, Ont., kept Strike Minerals active. Trading on a volume of 23,500 shares, the company closed at 35 cents for the week ended April 30.

The project is 40% owned by Strike, whose shares changed hands in a low-high range of 25-35 cents for the week, and 60% by TSE-listed Queenston Mining. The original lens, discovered at the end of last year, could host a reserve of 360,000 tonnes, Queenston Vice-President Charles Page said.

Shares of Toronto-based Goldquest Exploration are now posted for trading on the Canadian Dealing Network. As requested by the company, its shares were delisted from The Toronto Stock Exchange on April 12. Mining properties that Goldquest explores are mainly in the Red Lake district of northwestern Ontario.

Peat Resources will receive an $890,000 repayable contribution to evaluate the viability of a commerical peat fuel operation in northern Ontario as an alternative source of energy. Peat shares traded at 31 cents on a volume of 1,000 for the week.


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