Asarco lowers price of copper cathodes New-York based Asarco, one

Shares of base metal explorer Bonanza Metals moved up 10 cents to 55 cents on thin volume of 8,000 shares during the report period ended May 29. The company has been focusing most of its recent efforts on the former Poirier copper-zinc mine in northwestern Quebec. Elsewhere, another company exploring base metal properties in New Brunswick is Stratabound Minerals which added 5 cents to its share price of $1.55 during the report period. In the junior golds area, a couple of companies with properties in northwestern British Columbia’s golden triangle area were active again this week.

For instance, Integrated Resources, a claimholder in the Telegraph Creek area, traded 382,900 shares to close at 39 cents. That’s a gain of 6 cents from last week’s price. Meanwhile, American Ore rose 4 cents to close at 28 cents on volume of 265,000 shares. The latter company is exploring a gold property in the bustling Iskut River area of northern British Columbia, where plenty of news has been happening lately.

On the much quieter eastern front in Ontario, Golden Crescent Resources remains up in the high ground at $1.70. Golden Crescent is funding exploration work on several of Placer Dome’s gold properties across the province.

Despite recent favorable results from its Moss Lake project near Thunder Bay, Storimin Explorations shed 1 cents to close at 40 cents on thin volume. Storimin holds a 50% interest in the Moss Lake gold project where Central Crude is spending $4 million to earn a 51% interest.

The project is being re-evaluated for its open pit gold potential.

Shares of Naxos Resources have resumed trading following a cease trade order issued earlier by the Alberta Securities Commission. The Naxos issue closed at $3.40 on volume of 769,200.

Continuing its recent price slide, Savanna Resources moved 7 cents lower to 42 cents on volume of 587,000 shares. Gallery Gold also slipped 2 cents to close at 37 cents on volume of 296,700 shares.