Alberta Stock Exchange (December 02, 1991)

Once again, Goldhunter Explorations topped the weekly trading list as the company announced an option agreement on its 8-unit property near Shining Tree, Ont.

VSE-listed Commonwealth Gold has the right to earn a 50% interest in the property in exchange for $30,000, 100,000 shares and $500,000 in exploration expenditures. The claim ties on to the Fort Knox discovery property, where two rigs are following up encouraging base metal results. Trading 772,500, Goldhunter picked up 5 cents to close at 26 cents.

After announcing a preliminary reserve figure for the Williams Creek joint venture property in the Yukon Territory, Thermal Exploration jumped 6 cents to close at 30 cents. The oxide zone, which extends to a depth of 800 ft., is estimated to contain 14.5 million tons grading 1.06% total copper, of which 86% is oxide copper.

Reflecting its new bent toward providing data analysis for the Canadian energy industry, Gateford Resources traded heavily, gaining 2 cents to 10 cents. About $5 million has been spent to develop the data bank, which is used by several major energy companies and most of Canada’s intermediate hydrocarbon explorers.

Gaining 3 cents to 18 cents on moderate volume was Keylock Resources. The company will now focus its efforts on the 24,000-acre property in northern Nevada, where $1.4 million has been spent to date.