COATS (Over-the-counter) Anglo gains exposure

In the midst of continent-wide dog-and-pony show to raise money for further exploration on the Ladner Creek gold project in British Columbia, Anglo Swiss Mining gained 5 cents on 189,783 shares to close at 36 cents for the week ended Dec. 18. “We are going out there and telling our story, and getting it across,” Vice-Chairman Bruce Taylor offered as an explanation for the recent trading activity. Taylor said that for the first time since 1974, Anglo has some money in the bank. Assuming the company reaches its $1-million financing target for further drifting and drilling, he hopes to enter production within about 18 months.

Anglo originally planned to have the exploration program finished by the end of this year.

Following disappointing results from the Janus prospect in Oregon, Aurlot Explorations and partner Minnova have dropped the polymetallic prospect. Aurlot said it is now planning a 7,500-ft. drill program for the Zavitz property in Ontario. Trading 1,500, Aurlot remained unchanged at 25 cents.

Trading 115,000 shares, Golden Hope Mines continued to react to encouraging gold results from the Bellechasse property southeast of Quebec City. Although breaking for Christmas, the company plans to begin drilling on the large polymetallic play in the new year. This week, Golden Hope gained 2 cents to close at $1.20.

Still awaiting assay results from a 6-hole program on its property in Willingdon Twp., near Kenora, Ont., Willingdon Resources traded 121,825 shares, remaining steady at $1.