COATS Trading Features (February 23, 1987)

Probe Mines was a winner this week, climbing to 58 cents before settling back to 50 cents -55 cents at the close. The company’s main asset is a healthy 5% net smelter royalty in the Goldex Mines’ gold property in Quebec. Goldex is hoping to ship ore from the property to the nearby Dumagami mill, which is expected to be operational by mid-1988. The major shareholder in Probe is Goldex, a company within the Paul Penna fold.

Caviar Resources continued unchanged at 35 cents -40 cents . The company has a 13-claim property in McMurray Twp., southeast of Wawa, Ont. Easier issues include Regal Goldfields, down to 40 cents -50 cents and Goldteck Mines, which dipped to $1.40-$1.50. Goldteck, in which Regal holds a large interest, is exploring a gold play near Matachewan, Ont.

Hanson Mineral Exploration was also on the downside, closing at 15 cents -20 cents . The company has interests in a gold property near Timmins, and some ground near Chibougamau, Que.