Willingdon Resources racked up impressive gains in the week ended Feb. 26, as more than 700,000 shares changed hands. While the company’s stock doubled in price to $1.50, President George Cross said he knows of no reason for the recent activity. In mid-February, Willingdon reported narrow intersections of high-grade gold on the Sioux Narrows property near Kenora, Ont. Cross said he hopes to finish the 10,000-ft. drilling program in March, subject to financing.
Recent surface sampling and drilling on Golden Hope Mines’ Bellechasse project, southeast of Quebec City, has extended the gabbro-hosted 88 zone along a strike length of 1,100 ft. Results from eight holes drilled into the zone are pending. Trading 17,900 shares, Golden Hope held steady at $1.05.
Mint Gold Resources has acquired an option on a second piece of ground near the Freewest gold discovery in Benoit Twp., Que. The company says both properties, the 30-claim Duplessis and 44-claim Benoit property, lie along the trend of the Pusticamica Lake Fault. Mint Gold traded 13,000 shares to close down 3 cents at 83 cents.
A program to purchase shares of Madsen Gold, formerly Red Lake Buffalo Resources, has been terminated, says Starratt Nickel Mines. Starratt was 3 cents bid, 7 cents ask for the week.
A cease-trading order against Peat Resources has been rescinded. The Toronto junior, which holds a permit on some peatlands northwest of Thunder Bay, Ont., produces peat fuel. The company’s shares last traded at 17 cents.
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