COATS Trading Features (March 30, 1987)

Clavos Porcupine Mines continued to advance, closing at 43 cents -48 cents . The company holds a 27.5% net profits interest in a gold property being worked by Canamax Resources. Located northeast of Timmins, Ont., the Clavos ground is ranked high on Canamax’s list of future gold producers.

Langis Silver & Cobalt Mining, a company in the Paul Penna fold (see front page story), gave up some ground to 80 cents -85 cents . Big news is that Langis plans to sink a 1,200-ft vertical shaft at its Cobalt, Ont., silver property. Another Penna company, Probe Mines, tumbled to 58 cents -63 cents after trading earlier in the week at 70 cents -75 cents . Probe’s main asset is a net smelter royalty on the Goldex Mines gold property in Quebec. Goldex could be producing gold in less than two years.

Another winner this week was Ansil Resources. The issue made a small gain to $2. Ansil holds a 20% net proceeds royalty on the Duprat Twp., Que., property being explored by Falconbridge Ltd.