Alberta Stock Exchange Bryndon gains ground

The 77-year-old discoverer of Brenda Mines’ copper porphyry find says he can smell another mine at the Le Roi area which has already produced 6.2 million tons grading 0.47 oz gold per ton.

But even though results from the Antelope Resources/Bryndon joint venture have been modest so far, the Bryndon issue gained 20 cents during trading before closing at $1.15.

By spending $500,000 this year, Antelope can earn a 50% stake in the 56-claim property were a drill-indicated inventory of 100,000 tons grading 0.42 oz gold has been outlined.

Marshall Minerals and East West Caribou Mining are believed to be close to an agreement which could lead to a production start up at the Restigouche base metal property in New Brunswick.

If market activity is any indication — the Marshall issue gained 25 cents during trading — Marshall will soon be mining ore from the property and delivering it to Caribou’s mill site. But a Marshall spokesman refused to confirm that an agreement has been signed.

Adding 15 cents to its share price was Stratabound Minerals, which recently received encouraging results from the CNE massive sulphide property near Bathurst, N.B. A 20-hole program is designed to outline open pit reserves to a vertical depth of about 25 m within a strike length of 150 m. Assays announced previously include 16.06-19.95% lead-zinc and 10.82 oz silver over widths of 4 m.

Goldhunter Explorations says it has raised $235,000 in flow-through funding through NIM and Co. Ltd. Partnership 1989 to fund exploration at its Pickle Lake, Ont., claims which are currently under option.

Under the terms of the financing, Goldhunter said about 618,421 common shares will be issued at 38 cents each. However, the Goldhunter issue dropped 1 cents during trading to close at 30 cents on a volume of 7,500.

Gunnar Gold also made little progress following the release of results from its Fireweed polymetallic joint venture in British Columbia. Recent drilling by Canadian-United Minerals intersected a silver-lead horizon and Gunnar can earn a 10% interest by spending $750,000 on the a 24,000-ft program.

Recent drilling was targeted on the relatively unexplored 1,600-ft zone and included a 16.4-ft intersection that averaged 1.14 oz silver per ton, 2.05% lead, 4% zinc, 0.04% copper and 0.030 oz gold per ton.

Gunnar added 1 cents to its share price before closing at 31 cents .

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