Alberta Stock Exchange Gain for Coxheath

Wednesday close, Dec 10

One of the better advances for the week was made by Coxheath Gold Holdings which churned through almost 500,000 shares to close at $1.25; up 55 cents for the week. The company is involved with a gold property in Nova Scotia which adjoins ground held by Seabright Resources. Drilling appears to have cut the mineralized zone striking from Seabright’s ground.

Coxheath also says that an underground program is in the works for its Tangier property. As with the case of Seabright, most of the volume appears to be coming from Nova Scotian buyers. Another company active in the Maritimes, Pan East Resources, was also a winner, adding 55 cents to $1.80 in good volume.

Citadel Gold, which is planning to bring a Wawa, Ont., gold property into production, added 95 cents to close at $3.50. Naneco Resources, which is looking at making a production decison for a gold property in South Dakota sometime next year, traded quietly at $1.40.

News of a big drill program for the Moss Lake, Ont., gold property held by partners Storimin Exploration and Tandem Resources failed to generate much action for the former company. Storimin remained quiet at 68 cents .

Jilbey Industries, which was a winner for the last couple of weeks, gave up some ground to 52 cents . The company has optioned some ground to a Quebec company. Stockmen Energy couldn’t get off the ground on news that anomalous platinum values were assayed by the company on its properties in Quebec’s Ungava area. The issue was quiet at 15 cents .