News about Van Ollie Explorations’ plan to further explore its McMurray Twp. gold property near Wawa, Ont., has spurred active trading in recent weeks. In a low-high range of 15-23 cents, 965,450 shares changed hands for the week ended July 16. Van Ollie has set aside $107,000 for the drill program from funds raised by selling 1.36 million common shares at 13 cents per share to underwriter Marchment & MacKay. Meanwhile Kirkton Resources is spending $750,000 on its Shunsby base metal property, 130 km southwest of Timmins, Ont., to locate drill-indicated mineralization at surface. The program, however, did not generate much interest among investors. Trading on a volume of 7,000 shares, Kirkton remained unchanged at 30 cents for the week.
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