Alberta Stock Exchange Gold volumes drop

Rumours of a presidential heart attack in conjunction with concerns about the future health of the U.S. dollar sent volumes careering headlong into what market watchers will hope is a temporary slump.

Of the issues which traded heavily last week, only McSev Exploration and Consolidated Golden Standard Resources, reported higher volumes.

The Consolidated Golden Standard issue closed up $1.10 at $2.70 on a volume of 1,004,800 shares. Trading on an impressive 748,600, McSev was also up 8 cents to close at 53 cents . Both companies are currently diversifying their interests from mining into high techology. While Del Rio Resources traded on a comparatively modest 59,900 shares, it was up $1.00 to finish at $6.50. Based in Calgary, the company is involved in researching fuel injection technology with partner Servojet Products International of San Diego, Ca.

Following a recent flow-through share issue to finance exploration and development of existing properties, the Lite Resources issue was up 12 cents to close at 72 cents .

A joint venture agreement on the Mon gold leases at Discovery Lake, N.W.T., did little for the Troymin Resource issue. It remained steady to close at 39 cents on a volume of 36,000. The joint venture agreement with Coronado Resources will focus on the a new gold zone which has produced some promising drill results.

The Sunmist Energy 86 issue was relatively unaffected by news of a $1.2 million exploration program on its 51,000-acre Eric Lake gold property in the Northwest Territories.