Winspear, Inca Pacific among gainers on CDNX

During the holiday-shortened report period ended Dec. 28, the Canadian Venture Exchange added 57.38 points to close up 2.6% at 2,226.09.

Winspear Resources was up 9 at $2.24. The company has been granted a water licence that allows it to proceed with an underground bulk-sampling program at its 67.76%-owned NW Snap Lake dyke project on the Camsell Lake property in the Northwest Territories. An 8-hole program, completed last fall, has confirmed that the NW dyke continues with a thickness greater than 3 metres at least 600 metres to the northeast, beyond previous drill limits. The dyke appears to thin out to the northwest and east. Based on previous drilling, the dyke was modelled to contain a total resource of 21.3 million tonnes grading 1.97 carats per tonne at an average thickness of 2.4 metres, equivalent to 41.9 million carats. Winspear extended the expiry date of flow-through and non flow-through share purchase warrants to 4:00 p.m. on Dec. 31, 1999.

After digesting results from the first three holes of an 8-hole program on the Magistral copper skarn project in Peru, investors traded Inca Pacific Resources up 14 to 71. Results for the remaining holes are expected in January.

Hunter-Dickinson-led Anooraq Resources closed a $3.2-million private placement of 3.8 million units priced at 85 each. The company plans to begin drilling the newly acquired South African Platreef platinum properties in February. The issue finished at $1.05, up 3.

Amarc Resources, an inactive Hunter-Dickinson shell, tacked on 12 to close at 74.

Radius Explorations picked up a penny at 75 on the acquisition of an option to earn a 100% interest in the Tambor gold prospect in Guatemala. The property hosts an epithermal gold zone related to a hot springs centre. Previous sampling indicates the main mineralized area is 60 metes long and between 5 and 15 metres thick. Due-diligence sampling by Radius has uncovered other mineralized zones across the property. Results will be released in January.

Rhonda Mining closed at 26 for a gain of 16. The company is marketing an on-line solution to managing and controlling internet access for business and home.

Far-West Mining tacked on 14 to finish at 84. The company is earning a half-interest in nine properties covering potential silver-base metal mineralization in the Mexican states of Zacatecas and San Luis Potosi. The vendor is Aztec Silver, a 70%-owned subsidiary of Canarc Resource.

Dormant Telkwa Silver doubled to 12. The company holds an interest in an early-stage volcanogenic massive sulphide prospect southeast of Smithers, B.C.

Inactive Layfield Resources picked up 2 to close at 5. Layfield holds options to earn interests in the Molopo diamond project in Botswana, as well as silver and base metal prospects in central Mexico.