Alberta Stock Exchange Barron Hunter active

Wednesday close, Nov 26

Barron Hunter Hargrave Strategic Resources was the volume leader on the Alberta exchange this week, churning through more than 400,000 shares. However, the price was unable to make any significant gain as the issued hovered around 26 cents . The company has a titanium prospect near Mine Centre, Ont., which is expected to be placed in production next year, the company says.

There is still no indication if Placer Development will build a winter road from La Ronge, Sask., to the Claude Resources Seabee gold property in the next few months. The road is needed if heavy equipment is to be moved to the site for an underground program. Claude gave up some ground to $3.70 in light trading.

Heavy trading continued for another week in the shares of Conquest Yellowknife Resources, which added 23 cents to $2.64. The company has picked up an option to earn 60% in the Missinabie, Ont., gold prospect. Kingswood Explorations, the property vendor, remained unchanged at 35 cents .

On the platinum front, Madeleine Mines rebounded from the $4.70 range to $5.50. Talk on the street continues of an imminent deal which will provide production financing for an open pit platinum/palladium mine north of Thunder Bay, Ont. The rumours remain unconfirmed.

American Ore stayed unchanged on news that partner Lacana Mining had come up with more high grade silver values at their joint ventured California Lakes property in New Brunswick. The issue traded at 13 cents . Borealis Exploration gave up some ground to $25; down $1.50 on the week.

New issues listed include Northfield Minerals and Northern Ranger Oil and Gas which traded at 90 cents -95 cents and 60 cents -65 cents respectively. Both companies hold an option to share a 30% interest in Kerr Addison Mines property west of Kerr’s Larder Lake gold mine.