Junior Gold Miner Shines on Drill Results

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Torex Gold Resources Inc. (TSX:TXG), a junior gold miner, moved up after announcing drill results from its 100% owned Morelos Gold Property

Sean Mason | January 5, 2017 | SmallCapPower

A near-term junior gold miner got a boost from assay results Thursday. Here’s some small stocks making big moves on Thursday, January 5, 2017 (as of 4 pm EST):

Torex Gold Resources Inc. (TSE:TXG) shares climbed 21% to $26.75 on Thursday after the junior gold miner announced drill results from the first portion of its drilling program under the ‘El Limon Sill’ exploration program at its 100% owned Morelos Gold Property in Mexico, which included 317.8 g/t gold over 3.4 metres.

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As well, shares of GoGold Resources Inc. (TSE:GGD) rose 23% to $0.69 as the gold and silver miner said production for the quarter ended December 31, 2016, increased 122% over the previous quarter to 406,897 silver equivalent ounces.

Maple Leaf Green World (CVE:MGW), meanwhile, reported that it has received notice from Health Canada that its application to become a licensed producer under the Access to Cannabis for Medical Purposes Regulations (ACMPR) has progressed to the Review stage, which is Stage 5 of the seven stages process established under the ACMPR. Maple Leaf Green World stock popped 23% to $0.70 following the announcement.

Finally, Metanor Resources Inc. (CVE:MTO) shares gained 20% to $0.06 after the gold miner announced that it has increased its production guidance to between 30,000 and 36,000 ounces of gold during this current year.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

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