Alberta Stock Exchange: Higher volumes return

Wednesday close, Oct 22 Volumes returned to the Alberta Stock Exchange this week, as more tha n 6.5 million shares traded hands. That’s up considerably from last week’s 4.4 million shares.

News of a another gold discovery on the Seabee property held by Claude Resources and Placer Development in Saskatchewan, helped Claude add 30 cents to close at $3.60. Known as the Boundary zone, the discovery straddles the property boundary with Currie Rose Resources. Values exceeding one oz of gold per ton in drill core have been reported.

Storimin Explorations was also stronger at 82 cents -85 cents on news that the company and partner Tandem Resources are adding a second drill on their Moss Lake, Ont., gold property. The latest drill results have extended their gold zone to 800 ft along strike grading 0.2 oz gold per ton across a width of 8.5 ft. Murray Pezim companies have acquired a large block of ground immediately southeast of the Storimin property border.

A 6,000-ft drilling program is also slated to begin on the Federal Kirkland property held by Goldhunter Explorations and Gunnar Gold. Goldhunter was quiet at 62 cents -65 cents . The partners’ project is near Kirkland Lake, Ont.

Silvera Resources remained unchanged at 44 cents . The company has announced that anomalous gold values have been cut by a drill program on the company’s Anton property near Tillicum, B.C. Also, a $570,000 financing is expected to be completed shortly.

Tanner Arctic Oil is making a bold statement, claiming to have acquired a northern B.C. gold deposit hosting reserves of 3 million tons grading “in excess of one oz of gold per ton.” Bold indeed, as the estimate is based on trenching and no diamond drilling. The company, which added 11 cents to close at 18 cents , then goes on to say that a leaching plant is being conside red for the property. The acquisition is costing the company 38 million common shares which will push the outstanding issued to well over 53 million shares.