COATS (over-the-counter) Card claims gain value

A 5-claim package owned by Card Lake Resources in Holloway Twp., Ont., is looking increasingly attractive as Noranda probes extensions of the Lightening gold zone on a property optioned from Canamax. The Card Lake claims lie between the prospective Freewest ground, where the Lightening zone was originally discovered, and the nearby Canamax property, where evidence of a Lightening zone extension is just beginning to surface.

A low-volume trader of late, Card Lake was 18 cents bid, 23 cents ask for the week ended Dec. 11.

Although production at the MacDonald mine will be delayed until Deak Resources purchases a remaining 50% from Noranda, Deak’s agreement to buy a 25% interest in the zinc-gold-silver deposit from MacDonald Mines Exploration has gone through. Trading 50,500 shares, MacDonald shed 2 cents to close at 5 cents.

Moderate trading of Terra Mines sent the company’s share price up 2 cents to close at 4 cents. Terra, with new management in place, indicated in June that it may try to reacquire the Amelia gold mine in Mexico. Terra could not be contacted at its Edmonton offices, as 52,701 shares changed hands.

Management has also been elusive at Anglo Swiss Mining (NASDAQ), although the company is expected to commission a feasibility study on the Ladner Creek gold project in British Columbia by the end of the year. As 128,000 shares changed hands, Anglo gained 3 cents to close at 33 cents.