Copper Explorer Shines on Assay Results

Kodiak Copper Corp. (TSXV:KDK), a copper explorer, climbed after discovering a copper-gold extension at its MPD project

Sean Mason | September 4, 2020 | SmallCapPower

Encouraging drill results sparked shares of a Canadian copper explorer Friday. Here’s some small stocks making big moves on Friday, September 4, 2020 (as of 11:30 am EST):

Kodiak Copper Corp. (TSXV:KDK) shares continued to move higher Friday, up 15% to $1.92 following a 123% gain on Thursday, after the copper explorer announced the discovery of a copper-gold extension of the recently-discovered Gate Zone at its 100% owned MPD copper-gold porphyry project in British Columbia, which included 282 metres of 0.70% copper and 0.49 grams per tonne (g/t) gold, or 1.16% copper equivalent.

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As well, shares of PolyMet Mining Corp. (TSX:POM) surged 50% to $5.40 as the resource junior said a Ramsey County District Court judge found PolyMet’s water permit was issued with the proper procedures.

MedMira Inc. (TSXV:MIR), meanwhile, reported findings that it claims further emphasizes the high sensitivity of REVEALCOVID-19 Total Antibody Test 7 days post symptom onset as well as highlights the test’s zero cross-reactivity (no false positive results) with HIV positive samples. MedMira stock moved up 15% to $0.38 following the announcement.

Finally, Quadro Resources Ltd. (TSXV:QRO) shares gained 17% to $0.31 after the junior explorer announced sample assay results from its Long Lake and Costigan Lake properties in Newfoundland, which included 33.65 g/t gold.

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

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