Integrated is offering Northern shareholders one of its shares for every three shares held. The company’s assets include property interests in the Laird mining area of British Columbia and the Gnat Pass porphyry copper deposit hosting 25 million tons grading 0.44% copper.
Northfield Minerals was active all week, trading to a high of $1.25. The issue has more than doubled since mid-August. Since then Bob Dengler, chairman of Dynatec Mining, one of Canada’s premier mine contracting companies, has bought a 33% stake in Northfield and joined the board.
American Ore added a couple of pennies to 30 cents . The company released results from an exploration program on a property in the busy Iskut River area of British Columbia.
Located immediately north of Cominco’s Snip gold deposit, the American Ore results include 2.5 oz gold per ton across 2.3 ft and 0.92 oz in a 15-ft section of core. Golden Crescent was steady at 90 cents . The company has a deal with Placer Dome on a gold property near Talbot Lake, Ont. Initial results are encouraging, according to Placer officials.
Borealis Exploration lost a buck to $4. The company has a large land position in the Keewatin area of the Northwest Territories. Biron Bay was active, advancing to $1.19 before settling back to $1.05. Mercator Resource was also active, doubling in price to 60 cents during the week.
Trapper Resources is now owned 87% by Agassiz Resources (TSE) after shareholders approved the sale of essentially all Trapper’s assets to Agassiz. Agassiz acquired the assets for debt owning and agreed to assume Trapper’s other liabilities. Trapper was quiet at 7 cents .
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