Advancing a nickel was Sindor Resources which closed at 85 cents after trading 242,000 shares. With headquarters in Denver, Colo., Sindor is exploring a copper property in Utah, and has 14 precious metal prospects in Nevada, California and Montana.
The shares of Mangrove Bay Resources doubled to $1 on a volume of 57,000 shares. The company owns a 5-claim marble property in Mayo Twp., near Bancroft, Ont., and a nickel-copper-platinum property in the same region.
Following its acquisition of the producing Ross gold mine in northern Ontario, Dayton Porcupine Mines moved up again this week to trade in the $2.45-$2.60 range.
There was some buying interest in Chance Mining which was firm at 43 cents -48 cents . The company holds a 10% interest in property to be drilled by Falconbridge near the Kidd Creek mine.
Young-Shannon Gold Mines tumbled 50 cents to close at 80 cents on moderate volume. Also shedding more than $1 was McNickel Inc. which moved down to the $1.05-$1.25 range. That’s a significant drop from its earlier high of $3.25. Assay results from the first 29 of 78 holes on the company’s Lac St. Jean copper-nickel prospect in Quebec have indicated anomalous but uneconomic values.
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