COATS Trading Features (May 18, 1987)

Belleterre Quebec Mines and Boston Bay Mines were both better this week, up to 60-65 cents and $3.50-$4 respectively. Belleterre owns 40% of Boston Bay which owns the property where TSE-listed Madeleine Mines is trying to develop a platinum deposit. Madeleine stock has been performing well of late as rumors abound that it may try to develop the property on its own rather than bring in a partner.

A long-time cease-trading order on August Porcupine Gold Mines was lifted and the stock was last quoted at 80 cents -$1. It holds a 4-claim gold prospect in Tisdale Twp., right inside the City of Timmins where gold exploration seems to be more active than it has been in years.

Starrat Nickel Mines, which holds a former gold producer in the Red Lake area of northwestern Ontario, doubled to 10-13 cents from 5-8 cents .

Wabigoon Resources drifted lower to 65-75 cents after it announced that VSE-listed Massive Energy plans to earn a 50% interest in Wabigoon’s Hunter gold mine by spending $2.5 million on the property this year. The Hunter mine is the first producer in northeastern Ontario’s famous Porcupine gold camp.