The Vancouver Stock Exchange composite index slid 1.08 points, or 0.3%, over the report period ended Nov. 2, finishing the week at 394.12. The mining index followed suit, losing 2.68 points, or 0.97%, to close at 274.08.
Meanwhile, the combined value of the Alberta Stock Exchange rocketed 95.9 points, or 3.4%, to end the week at 2,902.65.
Gabriel Resources added 35 cents to its value and closed at $1.85. The company is completing a prefeasibility study on the Rosia Montana deposit in Romania.
United Carina Resources closed up 39 cents to end the week at $1.19. The activity was fueled by anticipation of assay results from an additional two holes drilled at the Linear gold property in Newfoundland.
Consolidated Pine Channel Gold hopped on the United Carina bandwagon, closing up 6 cents to 19 cents. The company owns a half-interest in claims surrounding the Linear ground.
Alberta-listed Muskox Minerals jumped 25 cents to close at $1.30. The company has been exploring the PGE-copper-nickel potential of its Muskox project, 500 km north of Yellowknife, N.W.T. The project covers the mineral tenure to the entire Muskox intrusion, including its extension beneath cover to the north.
Alberta-listed Shear Minerals found a dime and closed at 35 cents. Shear can earn a half-interest in a property in south-central Alaska by issuing 400,000 shares and spending $275,000 on exploration expenditures over three years. The property contains a 3-to-5-km-diameter circular positive magnetic anomaly that is interpreted to be a high-level intrusive. Shear has identified some diamond indicator minerals in the drainage surrounding the anomaly and intends to investigate for kimberlitic-lamproitic intrusions, as well as for base and precious metal potential.
Ever-volatile Winspear Resources lost 27 cents to finish at $2.28. The company just raised $14.6 million to explore the Camsell Lake diamond property in the Northwest Territories.
Eaglecrest Explorations closed at 57 cents, up 6 cents. The market is excited about the report of multiple occurrences of visible gold in core at the company’s wholly owned San Simon gold project in northeastern Bolivia. Assays are pending.
EuroZinc Mining closed at 85 cents, up 5 cents. The company confirmed the high-grade nature of the newly discovered FS60 zone at the Feitais zinc deposit in southern Portugal. A recent hole — the best ever drilled at the Aljustrel project — hit 25 metres grading 11.93% zinc, 3.45% lead and 0.25% copper, plus 135 grams silver and 1.57 grams gold per tonne.
Rocca Resources closed up a penny to 43 cents in heavy trading. The company has acquired the SiegeSoft.com web site, which prevents personal information from being retrieved from computers.
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