Junior Explorer Climbs on Nickel, Copper Results

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Garibaldi Resources (CVE:GGI), a junior explorer, powered higher after announcing the intersection of nickel, copper massive sulphides at Nickel Mountain

Sean Mason | December 6, 2017 | SmallCapPower

Shares of a popular junior explorer surged Wednesday following the release of nickel, copper assays. Here’s some small stocks making big moves on Wednesday, December 6, 2017 (as of 4 pm EST):

Garibaldi Resources (TSXV:GGI) shares jumped 20% to $3.51 on Wednesday after the junior explorer announced that it has intersected two separate zones of mineralization including 9.9 meters of massive sulphides, featuring 7.3% nickel and 3.3% copper, at its nickel-copper-rich massive sulphide discovery at Nickel Mountain near Eskay Creek in British Columbia.

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As well, shares of Belo Sun Mining Corp. (TSX:BSX) slid 24% to $0.35 as the gold project developer said the Federal Court of Appeals in Brasilia has decided to uphold the suspension of the Construction Licence related to its Volta Grande Project in Brazil.

Titan Medical Inc. (TSX:TMD), meanwhile, reported the installation of Titan Medical’s SPORT Surgical System at IHU Strasbourg’s research facility. The Company added that this is the first SPORT installation in Europe and the final planned installation at Titan’s Center of Excellence sites for feasibility and validation studies to support regulatory submissions. Titan Medical stock moved up 7% to $0.39 following the announcement.

Finally, Spearmint Resources Inc. (TSXV:SRJ) shares gained 22% to $0.055 after the resource junior announced that it has entered into an agreement to acquire 100% of the WHY WEST Magnesium project near Rossland, British Columbia, and the BUDDY claims in the Golden Triangle.

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Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

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