Vancouver Stock Exchange Base metal plays perk up trading

Delaware Resources was among the more active issues today, unchanged at $5.00. The company merged with Colossus Resource Equities and will soon be trading as Prime Resources, with Prime Capital as its wholly-owned subsidiary.

Omni Resources, active on several gold projects in the Yukon, was up 5 cents to $1.25, while Fleck Resources gained 25 cents to $1.18. Fleck has a diversified property portfolio, including a property near the Wellgreen nickel-platinum group metals- copper deposit in the Yukon. Mid- North Resources, active on a number of gold projects in Manitoba, gained 11 cents to 57 cents .

Dolly Varden Minerals was among the busier issues over our report period, gaining 50 cents to 76 cents , with European investors reported to be generating the activity. The company is planning a 20,000-ft drill program on its Red Point property in the Kitsault Valley region of northwestern British Columbia to test three newly-discovered gold showings found along a 2,000-ft long zone.

Dragoon Resources climbed $1.16 to $2.27 on heavy volume. The company (along with Greenstone Resources of Toronto) has a number of intriguing projects in the Kootenay District of British Columbia, ranging from a base metal bet to a gold-silver project. The partners also completed a staking program surrounding the Gill epithermal gold prospect is southeastern British Columbia. We gather they are on the trail of possible Carlin- type disseminated gold situations.

Calpine Resources gained 25 cents to $2.45, while its partner on the Eskay Creek gold project in northwestern British Columbia, Consolidated Stikine Silver, gained $1.92 to $13.50. Consolidated Goldwest Resources, another Prime Capital company active in this area, gained 23 cents to $1.40.

Based on visual inspection of its core that showed visible gold, Doron Explorations is expecting further good results from its Caribou Creek gold project in the Yukon. The issue gained 75 cents to $1.75.

Robert Friedland’s All-North Resources announced that reserves have doubled at its 100%-owned Wellgreen nickel-pgm-copper project in the Yukon. The issue slipped a nickel to $1.50.

Tundra Gold Mines also lost ground, dropping 9 cents to $1.08, and O’Hara Resources slipped 8 cents to 47 cents .

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