Drilling results from Windy Mountain Explorations’ MacLeod Lake property near Chibougamau, Que., indicate that the low-grade copper deposit extends past a block of previously outlined reserves. Results from the 22-hole program include a 75-ft. length grading 0.4% copper and a 55-ft. length grading 0.53%. Windy traded lightly during the week ended Oct. 30, closing down 25 cents to $2.50 on a volume of 1,100. Disappointing results from Montrose Gold Resources’ drilling program on a gold property near Matachewan, Ont., do not appear to have discouraged investors. Although Montrose’s best intersection returned a meager 0.01 oz. per ton over 25 ft., Montrose shares jumped 20 cents this week to close at 90 cents on a volume of 165,200.
Eyeball analysis of core from Willingdon Resources Sioux Narrows property in Willingdon Twp., Ont., suggests abundant copper, zinc and sulphide mineralization in all six boreholes, the company says.
While Willingdon awaited assay results this week, its share price remained steady, trading $1-1.05 on a volume of 21,800.
Golden Hope Mines remained a heavy trader, gaining 25 cents to close at $1.25 on a volume of 182,000. St. Genevieve Resources is financing a major exploration program on the company’s Bellechasse claims southeast of Quebec City.
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