Alberta Stock Exchange Investors play safe

As investors tried to reduce their exposure to an uncertain market place, it was a rare issue which traded more than 150,000 shares.

Consolidated CBA Ltd. and Consolidated Golden Standard were among the only exceptions as investors played wait-and-see with the current economic climate.

Vancouver-based Consolidated Golden Standard was the session’s biggest trader with 709,700 shares changing hands. It remained steady to close at 46 cents . The company has oil and gas interests in Oaklahoma.

Although it didn’t trade this week, Golden Star Resources has received permission from the government of Guyana to explore three new properties in central Guyana’s Potaro region.

According to Golden Star, the Potaro area harbours some of the most productive alluvial gold bearing creeks in Guyana. Named Tiger Creek, Eagle Mountain and Winter Mine, they will bring Golden Star’s exploration plays in Guyana to seven.

Drilling is expected to begin this week at Troymin Resources’ Mon gold property near Yellowknife. Partner Coronado Resources has committed itself to a 2,500 ft program to test the A-zone where exceptionally high gold assays were uncovered by surface trenching.

This news added 3 cents to the Troymin issue which closed at 40 cents on a volume of 40,000 shares traded.

The Zahavy Mines issue responded badly to a recent takeover by Noramco Capital Corp. Trading on 4,600 shares, Zahavy dropped 39 cents to close at $3.35. After funding Zahavy’s acquisiton of Getty Resources’ interest in the Favourable Lake gold silver property, Noramco will assume control over 2.5 million Zahavy shares.

Share Mines and Oils began trading in Alberta this week. According to the company, Share Mines has completed line-cutting and geophysics on its Barryand Souart Twp. claims northeast of Val d’Or Que.

Share said several anomalies have been outlined and it is evaluating the results for a future drilling program.