Unlisted Trading (April 06, 1992)

After trading in the 50-70 cents range on strong volume, Canmine Resources closed unchanged at 50 cents for the week ended March 31.

Two additional holes on the company’s FER property in northern Manitoba have intersected narrow lenses of massive sulphide grading up to 4.2% zinc. Canmine has also started testing the nickel potential of a layered ultramafic on its Rose property 25 miles south of Flin Flon.

Force Resources emerged as the week’s top trader, but closed unchanged at 11 cents. The junior shares its president and many of the same shareholders with Micron Metals of Calgary. A spokesman for Micron said Force is probably trading on news of Micron’s imminent acquisition of a video business. Evidence of diamonds in the cluster of kimberlites near Kirkland Lake, Ont., mounted recently with the discovery of eight microdiamonds in a pipe just off of Hwy. 66. North of the discovery, in Clifford and Arnold Twps., Regal Goldfields holds a 64-claim property hosting the “C-14” pipe, which once yielded eight macrodiamonds.

Regal, at 70 cents bid, 85 cents ask, is trying to raise financing to complete a 5,000-ton bulk sample on the C-14 pipe. Meanwhile, Sudbury Contact Mines will continue exploration around on the Diamond Lake project, where the recent discovery was made.