Alberta Stock Exchange Crew on site at AOK

Recently listed Takla Star Resources says a field crew is on site at the AOK copper-gold property, 50 miles north of Fort St. James, B.C.

The Edmonton-based explorer, with the right to acquire 100% of AOK, says the current exploration program is designed to establish drill targets through detailed geological, geochemical, and geophysical surveys.

Takla, hoping to find the next Mt. Milligan, edged up to 60 cents during the week ended May 21, a gain of five cents over last week’s close.

Disappointing results from Inco’s recently completed program at the Douay property in northwestern Quebec left Northern Abitibi Mining in the trading doldrums. Seven holes drilled to test various IP anomalies returned uneconomic values. Another six holes on the Douay West zone extension returned some anomalous intersections, the best of which assayed 0.13 oz. gold per ton over 2 ft.

Northern Abitibi was 20 cents bid, 30 cents ask for the week.

Having acquired an option to earn a 100% interest in 28 contiguous claims south of Kirkland Lake, Ont., Kingswood Explorations plans to drill a gold showing on the property.

Trading 10,000, Kingswood gave up one cent to close at 16 cents.

Pacific Metals has entered into a letter of intent with Concord Mining, a pubic Australian company, to purchase 50% of the Wattle Gully gold mining project in the Chewton goldfield, 60 miles northwest of Australia, for $1 million.

Included in the acquisition is 50% of a fully operational carbon-in-pulp plant capable of treating 50,000 tons of ore and 200,000 tons of tailings per year.

Trading 41,200, Pacific closed unchanged at $1.13.