Gold Explorer Glisters on Quebec Drill Results

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TomaGold Corporation (TSXV:LOT), a gold explorer, climbed after IAMGOLD announced  assay results from the Monster Lake joint venture project

Sean Mason | June 14, 2018 | SmallCapPower

A few ‘monster’ assay results sparked speculation in a Quebec gold explorer Thursday. Here’s some small stocks making big moves on Thursday, June 14, 2018 (as of 4 pm EST):

TomaGold Corporation (TSXV:LOT) shares climbed 56% to $0.07 on Thursday after the gold explorer announced that its joint venture partner IAMGOLD Corporation released assay results from the 2018 winter drilling program completed at its Monster Lake joint venture project in Quebec, which included 5.32 metres grading 40.94 g/t gold. TomaGold has a 45% stake in the project.

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As well, shares of The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) rose 5% to $6.42 as the Canadian marijuana company said it has entered into a strategic partnership with Jamaican cannabis company Epican Medicinals Ltd, which will add an additional 14,000 kgs of cannabis, taking TGOD’s total organic funded capacity to 130,000 kgs.

Azincourt Energy Corp. (TSXV:AAZ), meanwhile, reported that its joint venture partner Fission 3.0 Corp. is preparing a summer drill program for its flagship Patterson Lake North property located in Saskatchewan’s Athabasca Basin. Azincourt has a 10% interest in the project. Azincourt also announced that field crews have nearly completed the first phase of the 2018 surface field exploration on the Lithium 2 Project in Manitoba. Azincourt Energy stock moved up 11% to $0.105 following the announcement.

Finally, Tarku Resources Ltd. (TSXV:TKU) shares rose 20% to $0.03 after the gold junior announced results of a 2,469-metre drilling program on the Guercheville Project in Québec, which 16.7 g/t gold over one metre.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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