Alberta Stock Exchange Prices, volumes low

Moss Resources President Harry Hodge said he would feel a lot more comfortable if gold was selling at $400(US) per oz instead of $364 and a number of his industry associates feel the same way.

After dealing a number of its northwestern Ontario gold properties to affiliate Power Explorations, Moss was quiet during trading. The bid was 14 cents and the ask 22 cents .

Thankfully, there are always a handful of companies which buck the general trend and this week Pan East Resources was one of them. Trading on only 24,000 shares, the issue gained 14 cents before closing at 35 cents .

Pan East has the right to a 50% stake in the Fifteen Mile Stream gold project in Nova Scotia where drill indicated reserves of 270,083 tons of grade 0.280 oz gold per ton were recently outlined. Gunnar Gold (which dropped 16 cents ) and Mill City Gold (down 1 cents ) are also involved in the project.

More substantial progress was reported by Borealis Exploration which added 40 cents to its share price before closing at $2.75. But Borealis Chairman Rodney Cox will hardly take much comfort from the session’s biggest price increase when he considers that Borealis was trading at around $19 a year ago.

Borealis has a number of gold and platinum properties in the Northwest Territories’ Keewatin district.

Placer gold explorer Integrated Resources of Edmonton, was a big trader once again with 360,500 shares changing hands but the issue remained steady at 53 cents . Integrated holds a couple of gold properties in British Columbia’s Liard mining division.

Twin Gold recently expanded its land position both east and west at its Lingman Lake gold property near the Ontario/Manitoba border where an electromagnetic survey has increased the strike length of the main gold-bearing structure.

Results from a 12,000-ft drill program east of the shaft intersected 4.2 ft of grade 0.35 oz. However, the bid on the Twin issue was $1.10 and the ask $2.

Bitech Energy Resources continues to be a big trader thanks to progress at the Nugget Pond project in Newfoundland where the Toronto company is involved in a joint venture with Equity Silver Mines.

But some encouraging drill results are needed to boost the share price which has lagged recently. Trading on a volume of 255,200, the Bitech issue was up 1 cents to close at 51 cents .

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