That was the week that was....minesiteOver to the drill bit where results from Canada’s Yukon continue to deliver the goodies, although the companies involved did not get the shareholder love. Atac Resources tabled 93 metres of 2.33 grams gold per tonne at its Tiger zone on the Rau project, while Underworld Resources reported intercepts of 104.6 metres grading 1.01 grams gold per tonne from the Saddle zone on its White Gold property. With the field season winding down investors were hesitant to bid up the stocks though, and Atac ended the week down C$0.07 at C$1.19, while Underworld closed at C$1.40 for a C$0.31 loss.
But it wasn’t all one way traffic. Moving south to Nevada, shares of Victoria Gold added C$0.25 to close at C$0.79 after the company announced a 309 metre intercept running 2.25 grams gold per tonne from its Santa Fe project.
On the down side, Canaco Resources failed to get any joy despite reporting a 41 metre intercept running 3.32 grams gold at its Magambazi gold project in Tanzania. Canaco ended the week down C$0.19 at C$0.40.
https://www.minesite.com/nc/minews/singlenews/article/that-was-the-week-that-was-in-canada-21a64ef720/1.html