Alberta Stock Exchange Southgate a mover

Formerly known as Southgate Resources, Consolidated CBA Corp. was the big mover on the Alberta board in the review period, trading 861,800 shares to gain 4 cents to 24 cents a share. The company holds mining properties east of Sudbury, Ont., but is also in the television production business.

Mercator Resources Corp., which is drilling a base and precious metal prospect in New Hampshire, remained firm at 30 cents a share in light trading. The company has also acquired a potential open pit heap leach property in B.C., where it plans a program this year.

Claude Resources strengthened 50 cents to close at $4.40. Placer Development is continuing the underground development and exploration program on Claude’s Seabee property in northern Saskatchewan, designed to evaluate ore reserves currently estimated by Placer to be 2,180,460 tons at an average grade of 0.19 oz gold per ton. This includes 813,670 tons grading 0.36 oz, to a depth of 700 ft.

Down 4 cents to $2.60 on 27,300 shares was Golden Star Resources, which reports it has raised $3.24 million in a financing for the further investigation of its advanced exploration prospects at Arakaka, Baramita, and Million Mount, in Guyana, South America.

Great Bend Resource Corp., which has acquired claims in the Hump Lake area of Saskatchewan, just northeast of the Tower Lake East gold deposit, lost 3 cents to 45 cents a share, in light trading. The company plans an immediate start on a program of exploration after spring breakup.

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