Alberta Stock Exchange La Ronge boosts Claude

Wednesday close, Sept 24

Trading this week on lthe Alberta exchange was on the uptick with 6,366,200 shares changing hands.

Claude Resources Inc., which is working with major Placer Development on a potential gold producer in the La Ronge area of Saskatchewan, was most active, trading more than 600,000 shares at $3.45.

Trading almost as many shares was junior explorer Sweany Gold Corp. of Winnipeg. Some 590,000 shares changed hands at prices of 17-19 cents . Sweany has a number of claim groups north of Beardmore, Ont. Bay Resources & Services, which this week optioned ground in the same area from Portfield Industries, traded actively as well. More than 180,000 shares traded, closing up 25 cents from a week ago at $1.35.

One of Nova Scotia’s hopeful gold producers, Coxheath Gold Holdings of Halifax, was trading actively on volume of more than 400,000. After bouncing around at 60 cents -75 cents , the issue finally settled down at 70 cents . Another Nova Scotia gold explorer is newly-listed Torene Gold Explorations Inc, also of Halifax. Originally underwriten in January at $1.50, some 3,000 shares traded this week at $1.20. The company is trenching and drilling a former-producing gold property located 85 miles from Halifax where gold, grading 0.51 oz gold per ton, occurs in zones 3-8 ft wide.

In platinum group metal exploration, Stockmen Energy which has finished a reconnaissance program of four permit blocks in the Ungava area of northern Quebec, traded quietly at 27 cents on 7,000 shares. The company has a 50% interest in some 80,000 acres with several nickel- copper occurrences associated with layered mafic and ultramafic intrusions.