A grass roots gold exploration play in Aruba is giving Monte Carlo Resources a ride. The issue, which has received coverage in the Caribbean press, added another 50 cents to $2 — that’s up a dollar in two weeks. Golden Star Resources was also stronger at $2.85; up 35 cents for the week. Golden Star’s gold property in Guyana, South America, is under option to Placer Development.
Closer to home, partners Northfield Minerals and Northern Ranger Oil & Gas, received updated assays from Eldor Resources, which operates their Cheminis exploration project near Larder Lake, Ont. Several drill sections, which only assayed 0.29 oz gold per ton (the upper detection limit of the assay technique initially used) were reassayed. The more accurate values ranged between 0.4-0.5 oz gold per ton. Drilling is continuing on the Cheminis property with the intention of going underground this summer. Northfield and Northern Ranger continued unchanged at $1.10 and 60 cents respectively.
New European management at Accord Resources is having some early success with the company. Accord added 15 cents to $1.40. Claude Resources dipped below $4 to $3.90. Placer Development is planning an underground exploration program on Claude’s Seabee gold property northeast of La Ronge, Sask.
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