COATS Trading Features (February 16, 1987)

The most glamorous gold mining company in North America, Hemlo Gold Mines, left the COATS system for the Toronto Stock Exchange. The issue closed out at $21.50-$21.75.

News of strong assay values helped Hardrock Extension add a dime to $1.15-$1.30. The company reports cutting a 12-ft section of vein material grading in excess of 1 oz gold per ton. Considerable visible gold was in the assayed core.

Clavos Porcupine Mines perked up to 23 cents -28 cents . The company holds a 27.5% net profits interest in the Clavos gold property located east of Timmins, Ont. Operated by Canamax Resources, recent drilling has cut a new zone to the east of the Main deposit. At a meeting with Canamax officals, it was learned that the Clavos property is rated high on their list of exploration projects displaying great potential for building reserves.

A new issue, Caviar Exploration Resources which was underwritten at 30 cents , closed at 35 cents -40 cents . W. D. Latimer and Co. did the deal. The company holds mineral properties in Manitoba and the Casa Berardi area in Quebec. Other better issues included Matt Berry Mines at 45 cents -50 cents and Chance Mining & Exploration which closed at 40 cents -45 cents .