The first drill results were released this week from property under option to McNickel Inc. in the Lac St. Jean area of Quebec. McNickel’s share price moved down to $2 on that news, before recovering some ground to close at $2.10 on a total of 65 transactions. Assays from the first seven holes were released which indicate nickel grades similar to those obtained in surface trenching. Results from more than 40 additional holes are expected in the near future.
Asquith Resources was up 15 cents to close at 40 cents in light trading this week. The company is earning a 25% interest in the BB Lake zinc property in the Northwest Territories where a 12,000-ft diamond drilling program is under way.
With diamond drilling currently under way on its Pickle Lake property in northwestern Ontario, July Resources gained 30 cents on volume of 33,900 shares in 18 trades.
Slipping 13 cents lower to 22 cents in active trading was Exxeter Resources. Also lower by 50 cents this week was Force Resources which has an interest in a Nevada platinum-gold prospect. A former COATS trader Bonanza Metals is now listed on the Alberta Stock Exchange.
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