Alberta Stock Exchange Accord issue moves up

It may have been a cut in the U.S. prime lending rate. Or perhaps it was a decrease in the price of gold from $455(US) to around $445 which contributed to a lacklustre trading session.

But Alberta investors weren’t in a buying mood this week.

While large blocks of the Jen- Tek Energy and Exploration and Smokey Resources issues changed hands, gold issues were generally ignored as investors played wait and see with the economic climate.

After announcing an agreement to acquire 10 staked mining claims in the “King Kirkland” area near Kirkland Lake, Ont., the Accord Resource issue gained 15 cents . Trading on 2,200 shares, it closed at $1.15.

Located in central Label Twp., Accord says there are no proven reserves on the property but surface work in the 1920s uncovered a mineralized shoot with average grade of 2.02 oz gold per ton across 1.49 ft.

Stratabound Minerals says it has acquired two polymetallic properties at the heart of the Bathurst- Newcastle mineral belt in northern New Brunswick.

Called the Captain and Taylor Brook massive sulphide deposits, the properties are surrounded by a number of orebodies controlled by the Noranda Group and Cominco Ltd.

With 9,500 shares changing hands, the Stratabound issue gained 3 cents to close at 50 cents .

The Nu Crown Resources issue also improved following news of a potential fault structure at the company’s wholly-owned GB claim block 15 miles southeast of Winnamucca, Nev.

After a ground geophysical and surface sampling program, Nu Crown says its obtained anomalous gold samples ranging up to 0.07 oz. Trading on 13,000 shares, Nu Crown was up 4 cents to close at 40 cents .

While Core Explorations has signed an option to acquire a 100% interest in 51 gold claims in the Kenora, Ont., mining division, investors have been slow to respond to the Edmonton company’s latest move.

Based on previous exploration by Bonzono Exploration and Kidd Creek Mines, President Hugh Currie says the property has some small-scale production potential and a recent sampling program produced values ranging from 0.06 oz to 2.12 oz gold.

Nevertheless, the Core issue was down 4 cents at 35 cents on a volume of 9,000 shares.

Delmay Mining was better at 20 cents after completing an option agreement on its Stitt property in Larder Lake, Ont. Under the agreement, Silver Spur Resources and Whiskey Creek Resources can each acquire a 25% interest in the property by spending a total of $25,000 cash and $1 million in exploration expenses. Delmay gained 5 cents on 3,000 shares traded.