Shares of Trump Reserve Minerals traded moderately in the week ended July 9, as surface exploration got under way at the company’s Benoit gold bet in northern Quebec. The 44-claim property is close to Freewest Resources’ gold discovery in Benoit Twp., Que., which returned 53.3 ft. of 0.23 oz. gold per ton.
Trump has also entered into a 50-50 joint venture with Storimin Exploration to acquire a 45-claim property in Robertson Twp., Ont., next to the Queenston-Strike base metal find.
Trading 125,600 shares, Trump closed unchanged at $1.63. Storimin was nine cents bid, 15 cents ask for the week.
In Zimbabwe, Trillion Resources has calculated minable reserves of 1.75 million tons grading 0.17 oz. gold for the Jena Mines property. If given the go-ahead, the reserve is expected to support a mine life of 11 years. Trillion, which is earning a 50% interest in the project, lost nine cents to close at $1.
Wheaton River Minerals, a subsidiary of Glencairn Explorations, is expected to begin trading on The Toronto Stock Exchange on July 16. The new company was formed to acquire the Mount Skukum gold mine and mill near Whitehorse, Yukon. Glencairn dropped three cents to 17 cents on light trading.
Examining exploration potential in Ontario for the first time in recent memory is Noble Peak Resources. The junior has signed a letter of intent to option the Isiah Creek base metal property on the Swayze greenstone belt near Timmins, Ont. The company will follow up copper mineralization within a chert-iron formation unit. Noble lost two cents to close at 30 cents.
Be the first to comment on "Alberta Stock Exchange Trump gets to work"