Unlisted Trading (March 16, 1992)

Shares of Strike Minerals got a boost during the week ended March 10 as the company announced a drill program on its 31-claim property in the Shining Tree area of northeastern Ontario.

Although a freak snowstorm hurtled President Carl Forbes’ truck into a ditch on his way out to the site (he emerged unscathed), drilling got under way without a hitch. The program, designed to test several conductors, is being financed by T&H Resources.

Strike gained 5 cents to close at 30 cents.

The week also saw Asquith Resources option its nearby Shining Tree property to Canadian Giant Exploration. Giant can earn a 50% interest in the 76-claim group by spending $400,000 on exploration. A $100,000 exploration program is expected to begin shortly.

Asquith was 5 cents bid, 15 cents ask for the week.

Canmine Resources spent its 8th consecutive week as the top trader. Investors are waiting for further results from the FER base metal property in northern Manitoba, where the company intersected three mineralized lenses earlier this month.

Canmine closed unchanged at 70 cents.