Nine recently completed drill holes on BMR Gold’s America Mine project in California have intersected more high-grade reserves in an area where initial open pit production is planned. One intersection yielded 0.15 oz. gold per ton across 100 ft. BMR traded 136,500 shares to close at $1.42 for the week ended June 5. Shares of Durvada Resources leapt ahead 33 cents to $2.05 during the report period on news of the first gold pour from the company’s heap leach operation near Sandy Valley, Nev. Durvada expects regular weekly pours of 100-125 oz. for the next three months. A surface exploration program is continuing on the surrounding claims.
A 7,000-ft. drilling program is scheduled to begin shortly on Glencairn Explorations’ Goodfish gold property near Kirkland Lake, Ont., where International Platinum is earning a 51% interest. Recent drill results have run as high as 0.26 oz. gold across 90.5 ft. Glencairn moved ahead 9 cents to $1 on volume of 17,800 shares.
Integrated Resources was active at the 38 cents level following news that the company has arranged $500,000 in additional funding for its property in the Telegraph Creek area of northwestern British Columbia.
Posting a gain of 15 cents to close at 55 cents was Ottawa-based Trillion Resources which says it has begun a feasibility study on the Jena gold mining property at Silobela in Zimbabwe. Based on results of the study, Trillion can form a joint venture with Zimbabwe Mining Development Corp. to expand production at the small mine. Production is currently at 150-tonnes-per-day from underground plus 150-tonnes- per-day from retreatment of tailings. Located within the central Zimbabwe greenstone belt, the Jena mine complex comprises a number of active and inactive gold mines over a 7-km length.
Scotia Prime Minerals traded 30,200 shares to close at 20 cents after the company signed a deal to option the 395-claim Ferrona property near Stellarton, N.S.
A cease-trade order issued last month against Canacord Resources has been revoked by the Alberta Securities Commission.
Be the first to comment on "Alberta Stock Exchange Durvada gains 33 cents"