COATS trading features (November 28, 1988)

Mining issues drifted lower on COATS this week. Crabbie-Fletcher Gold Mines bucked the trend, and moved up 10 to close in the 43 -48 range. Craibbe owns ground adjacent to the Campbell Red Lake mine, and is controlled by Placer Dome Inc.

Wye Resources says a follow-up exploration program is planned for its Saganaga Lake property, 190 km west of Thunder Bay. As previously reported, (N.M., Nov. 21) significant gold values were encountered during recent drilling on that property. Wye Resources closed lower at 47 , down slightly from last week.

Atlantic Goldfields was easier at 55 -60 , and Exxeter Resources also closed lower at 35 -40 on moderate volume.

Jamie Frontier Resources (see story) says it now has an option agreement with Sierra Madre Resources. The deal, subject to regulatory approval, could see $2.5 million spent over the next two years on Jamie Frontier’s Todd Twp property near Red Lake, Ont. The first phase of diamond drilling, to cost $500,000, would be managed by Prime Explorations, a division of Prime Capital Ltd. Jamie Frontier was unchanged at 10 .

Slightly better on thin volume this week was Renzy Mines at 55 -65 . Mirado Nickel saw a bit of volume recently in the 16 -18 range. Mirado, controlled by T.H. Becker, has over $300,000 in its treasury.