In a trading week which produced what analysts called a “mixed bag” of gains and losses, Exxeter Resources emerged as the big winner.
After trading at around the 15 cents range last week, the issue was up to close at $1.10. According to market sources, the issue was responding to news of a $1 million deal to finance exploration at its Val d’Or, Que. gold property.
Newfields Minerals was down to 78 cents after trading in the 55 cents to 80 cents range last week. Teck Corp is currently earning a 50% interest in Newfield’s Kirkland Basin property by submitting a feasibility and arranging financing.
Sheldon-Larder Mines whose assets include the former Armistic Gold Mine in the Larder Lake, Ont. area was trading in the 48 cents to 53 cents range.
According to the company, two holes drilled in 1974, intersected gold values in a silicified flow zone believed to be a faulted extension of the Kerr Addison ore body.
A street rumour says work is about to start at the Sheldon-Larder property which is also held by Arjon Gold Mines. The Arjon issue was a little better trading at between 14 cents and 17 cents .
Garrison Creek Consolidated also improved to close in the 60 cents to 70 cents range. The company has a 40% interest in 106 gold claims in the Lightning River area of northern Ontario.
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