COATS (over-the-counter) Golden Hope up 10 cents

Speculating on the results of a 20,000-ft. drilling program on the Bellechasse property southeast of Quebec City, investors sent shares of Golden Hope Mines up 10 cents to $1.10 on a volume of 97,137 shares during the week ended Feb 5. Geologists on site describe the core as encouraging but do not expect to release assays for at least a few weeks. Financed by St. Genevieve Resources, the company is using two drills to test base and precious metal targets on the property.

Wellington Cove Explorations says it has signed a contract for at least 3,300 ft. of drilling at its Vickers Lake gold property near Kenora, Ont. The company says it will test several geophysical anomalies and an area of intense shearing.

Wellington Cove remained unchanged at $1.40 on a volume of 75,600 shares.

Trading 74,000 shares, Eastern Goldfields slipped 5 cents to close at 30 cents. The company has a grassroots gold exploration play, the Shamrock property, northeast of Corner Brook, Nfld.

Matachewan-area players Strike Minerals and CopperQuest both continued to trade heavily this week. On a volume of 234,500 shares, Strike shed 3 cents to close at 67 cents, while Copperquest gained 2 cents to close at 26 cents on 105,000 shares. Queenston is scheduled to begin drilling on the Strike property this month.