Alberta Stock Exchange (September 16, 1991)

Taking top spot on the most active list for the week ended Sept. 10 was Stampeder Exploration, a generally quiet trader with mineral properties near Timmins, Ont.

Trading 539,500 shares, the junior almost doubled in value with a 14-cent gain to 30 cents. All of the excitement stems from news that the company’s 75% owned oil well in Alberta is producing at a rate of 100-120 barrels per day.

Near Matagami, Que., Kingswood Explorations says it will drill a 3,300- ft. hole under the Phelps Dodge zinc-copper deposit to test for downdip extensions and/or locate a new deposit. Kingswood lost 2 cents to 15 cents with 127,000 shares changing hands.

In Saskatchewan, American Ore and partner Leeward Capital have started drilling their Eisler Lake gold property north of LaRonge. The partners, with the option to earn a 49% interest in the prospect, plan to test the gold-bearing George’s Lake shear zone with a 5,000-ft. program. American Ore gained 2 cents to close at 9 cents.

Mill City Gold Mining has entered into an agreement to acquire Sun Belt Water, a California distributor of fresh water. Mill City was 10 cents bid, 24 cents ask for the week.


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