Despite a lacklustre market, Black Gregor Explorations’ continuing efforts to enlist major companies as joint venture partners for its properties have sustained investor interest in recent weeks. The company’s stock was in a low-high range of 16-20 cents and 55,000 shares changed hands during the week ended Oct. 15.
Black Gregor owns a majority interest in a 6,500-acre gold property near Timmins, Ont., and a 9,500-acre property in the Hemlo gold area near Marathon, Ont.
Blake River Explorations’ decision to examine high-grade zinc showings on 21 claims in Hinchinbrooke Twp., Ont., did not spur any significant activity. The company last traded at 30 cents. The Hinchinbrooke property is jointly owned by VSE-listed Willow Resources.
The report period’s most active issue was Madison Grant, which traded in the range of 50 cents to $1.40 on almost a half-million shares. The company announced that it has agreed to retain the services of Silver Cross Partners, a Montana-based consulting firm, which will develop flow sheets, production schedules and operating budgets for Madison’s plan to resume production at the Grant mine near Virginia City, Mont.
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