During a week of scanty news from juniors on the Dealing Network, over two million shares of Willingdon Resources changed hands, taking the stock from a low of 80 cents to a high of $2.10. The company has resumed drilling on the Sioux Narrows property near Kenora, Ont., where gold mineralization has been traced over a strike length of 700 ft. and to a depth of 400 ft.
As is becoming increasingly common, most of the other active juniors traded not on news of mining ventures for the week ended June 4, but more likely because of developments related to their other interests, including oil and gas and real estate.
Some highlights:
Brightwest Resource Explorations, with an option to acquire a gold property near Timmins, Ont., and interests in two producing gas wells, traded 394,300 shares to close up 30 cents at $1.05.
Chetwynd Resources, with interests in the Chetwynd gold area of Newfoundland, and an oil and gas property in Ontario, traded 970,000 to close unchanged at half a cent.
Cross Canada Resources, now primarily involved in real estate, traded 285,500 to close down two cents at 11 cents. A sign of the times?
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