Goldquest shares gained nearly 10 cents last week on The Toronto Stock Exchange to close at a high of 50 cents after active trading. The company is 60%-owned by Dickenson Mines (TSE), operator of the Arthur White gold mine near Red Lake. Goldquest’s main asset is its large parcel of exploration properties in the Red Lake camp.
Vice-president of Goldquest, Dutch Van Tassell, told The Northern Miner there is no explanation for the recent share price increase. “I’m sure if they (Chevron) had any drill results of interest they would let us know,” he said. “There has been no release of information yet, and I can only guess that someone out there is just speculating with the stock.”
A source in the Red Lake camp confirmed that there have been no rumors going around of any new finds by Goldquest. “They (Goldquest) are just doing a routine exploration program like any other company.”
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