Alberta Stock Exchange Monte Carlo High roll

A grass roots gold exploration play in Aruba is giving Monte Carlo Resources a ride. The issue, which has received coverage in the Caribbean press, added another 50 cents to $2 — that’s up a dollar in two weeks. Golden Star Resources was also stronger at $2.85; up 35 cents for the week. Golden Star’s gold property in Guyana, South America, is under option to Placer Development.

Closer to home, partners Northfield Minerals and Northern Ranger Oil & Gas, received updated assays from Eldor Resources, which operates their Cheminis exploration project near Larder Lake, Ont. Several drill sections, which only assayed 0.29 oz gold per ton (the upper detection limit of the assay technique initially used) were reassayed. The more accurate values ranged between 0.4-0.5 oz gold per ton. Drilling is continuing on the Cheminis property with the intention of going underground this summer. Northfield and Northern Ranger continued unchanged at $1.10 and 60 cents respectively.

New European management at Accord Resources is having some early success with the company. Accord added 15 cents to $1.40. Claude Resources dipped below $4 to $3.90. Placer Development is planning an underground exploration program on Claude’s Seabee gold property northeast of La Ronge, Sask.

Print

 

Republish this article

Be the first to comment on "Alberta Stock Exchange Monte Carlo High roll"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close