Heavy trading of Golden Hope Mines this week coincided with the company’s release of encouraging results from the Bellechasse gold project south of Quebec City. Grab samples laced with visible gold, including one grading a spectacular 193 oz. per ton gold were a welcome sweetener at the 88 zone, a low-grade, high-tonnage target. Trading 167,700, Golden Hope gained 5 cents to close at $1.20. Although unsuccessful in its attempt to increase tonnage at the BB Lake base metal property, Asquith Mines has made headway at its Shining Tree project near Cobalt, Ont. Financed by Asarco Exploration, the company has uncovered several gold-bearing shear zones on the 77-claim block. Asquith remained unchanged at 6 cents on a volume of 30,000.
A single 500,000-share trade made Tanager Resources the volume leader this week, but the company says there are no new developments to report. Tanager, which owns the Hinton thermal coal property in Alberta as well as several blocks of real estate, closed unchanged at 10 cents.
Remaining steady at 35 cents, 50,000 shares of First Canadian Gold, a company managed by Aur Resources’ Jim Gill, changed hands this week. First Canadian owns a 9% net production interest (npi) in the Kierens gold mine in Malartic Twp., Que., and a 10% npi in three Falconbridge claims.
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