Ontario Over-the-Counter New zone at MacLeod

Two holes drilled into the mineralized contact at the MacLeod Lake property north of Chibougamau, Que., have intersected a new copper zone, the South zone, extending over a strike length of 500 metres. Core intercepts returned an average grade of 0.83% copper over 5 metres. Owner-operator Windy Mountain Explorations plans to continue testing the property this summer. Trading 6,530 shares, the company gained 60 cents during the week ended March 12 to close at $1.50.

A 10,000-ft. drilling program will get under way this summer at Betts Cove Minerals’ copper-gold property on the Baie Verte Peninsula of Newfoundlan+d. A private Ontario company, National Mineral, has agreed to fund the exploration program to the tune of $675,000 in order to earn a 50% interest in the prospect. The claims lie next to Bitech’s Nugget Pond gold property.

Betts Cove, 86.4% controlled by Bitech, is qualified to trade on the OTC market but has not been active lately.

Golden Eagle Resources says it will change the focus of its business from mineral exploration and development to venture capital activities. As a result, the company is seeking buyers for its mineral properties, including a 32-claim gold prospect near McGryer Lake in Ontario. Golden Eagle traded 4,500 shares to hold steady at 30 cents.

Blue Heaven Resources is planning to subdivide its issued common and Class B shares on a 5-to-1 basis. Trading 1,000 shares, Blue Heaven remained steady at 20 cents.