Junior gold issues bounced back with strengthening gold prices. One of the best gainers continued to be Monte Carlo Resources which added another 85 cents to $2.80 — that’s up $1.80 in three weeks. Monte Carlo has acquired a large concession on the Caribbean island of Aruba where it plans to explore for gold. The project is grass-roots in nature and no results have been released by the company.
Naneco Resources on the other hand, is aiming at gold production from its gold properties in Nevada and South Dakota. Both properties are expected to be producing either this year or next. Naneco, which could see 50,000 oz of gold output per year, added $1.20 to $3.85. Montclerg Resources was also stronger to $1.70. The company’s claims in Walker and Clergue twps., Ont., have been optioned by Canamax Resources. Canamax is looking for gold deposits similar to those on its Clavos property just west of the Montclerg ground.
New European management at Accord Resources is helping drive that company’s share price. Since taking over the reins of Accord, the price has hopped to a recent high of $2.50. Citadel Gold Mines was also stronger. trading up to $5. The company is involved with a gold project near Wawa, Ont.
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