McNickel Inc. traded 32,033 and posted a gain from the previous week to trade in a range from $3.00-$3.25. Investors who have long awaited drill results from the Lac St. Jean property will have to wait even longer. McNickel’s search for financing has been slower than expected so the drills have yet to turn on this property. For now, the company is completing detailed mapping on the claims where promising nickel-copper sulphide mineralization was found last winter.
With 31,500 shares changing hands, Regal Goldfields gained a dime and traded in a range of $1.25-95 cents . Regal holds property near the McNickel ground.
Allied Northern Resources’ holdings near the Surlaga mine in the Algoma area of Ontario have estimated reserves of more than one million tons of 0.25 oz gold. The issue traded lightly in a range of $1.75-$2.25.
Dorchester Resources remained unchanged at $1.00 on light trading. The company has gold holdings near Caribou Lake and Blind River, Ont.
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