Newrange Gold Corp. (CVE:NRG), a junior explorer, moved higher after saying it has discovered “multiple, previously unidentified, high-grade gold zones” at its Pamlico project in Nevada
The discovery of a potential high-grade gold zone brought buyers into a junior explorer Friday. Here’s some small stocks making big moves on Friday, March 3, 2017 (as of 4 pm EST):
Newrange Gold Corp. (TSXV: NRG) shares jumped 22% to $0.28 on Friday after the junior explorer announced that its initial program of diamond saw cut channel sampling in the Merritt decline has resulted in the discovery of what the Company called “multiple, previously unidentified, high-grade gold zones” that have never been drill tested or sampled at its Pamlico project in Nevada.
As well, shares of Orex Exploration Inc. (TSXV: OX) fell 13% to $0.065 as the mineral exploration company said it has agreed to be acquired by Anaconda Mining in an all-stock transaction. Shareholders of Orex will receive 0.85 of a common share of Anaconda for each Orex share held.
Beaufield Resources Inc. (TSXV: BFD), meanwhile, reported that its President and CEO, Jens Hansen, has resigned effective immediately and will be replaced on an interim basis by Ronald Stewart. Beaufield Resources stock moved up 18% to $0.165 following the announcement.
Finally, Alset Energy Corp. (TSXV: ION) shares powered 106% higher $0.175 after the exploration junior announced what it called “promising leach results” from three of its lithium salars in Mexico.
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.