Alberta Stock Exchange Naneco continues climb

Naneco Resources continued to add on to last week’s gains, picking up another 30 cents to $2.30. The company is hoping to make a production decision this year on its Johnson Gulch gold property in South Dakota. Pan East Resources, which is exploring for gold in the Maritimes, added 45 cents to $2.50.

Good drill results continue to come from the Larder project, operated by Eldor Resources and Kerr Addison Mines near Larder Lake, Ont. Two juniors, Northern Ranger Oil & Gas and Northfield Minerals, hold a 30% stake in that project. Drilling is cutting wide sections of material in the Cheminis deposit grading in excess of 0.15 oz gold per ton. Northern Ranger and Northfield continued unchanged at 50 cents and 90 cents .

In the old Wawa, Ont., camp, Citadel Gold Mines is busy with its Pursides property, a small former producer. Plans are to get the mine going again. Citadel traded at $4.75; up 40 cents for the week. Another company active in the Wawa, camp, Monk Gold and Resources, remained unchanged at 50 cents . Monk says it has a small deposit of 50,000 tons on its property.

Trio Gold Corp. has picked up some ground east of Likely, B.C. The company also holds claims in the Cottonwood area, B.C. The issue remains quiet at 75 cents . Easier issues included Ontex Resources, down 24 cents to $4.15 and Royal Oak Resources, which dipped to 47 cents . Ontex has a 10% net profits royalty in the Metalore Resources gold discovery near Beardmore, Ont. A law suit between the two companies remains unresolved.

Marker Resources was a winner, adding 40 cents to $1.30. The company acquired 10,000 acres of ground in the Puffy Lake area of Manitoba. Marker also holds claims in the Twin Lake are of that province.