Gold Explorer Moves Higher on Fault Discovery

Antler Gold Inc. (TSXV:ANTL), a gold explorer, gained ground after announcing the discovery of a previously unrecognized fault zone

Sean Mason | May 14, 2020 | SmallCapPower

A newly-discovered geological fault could prove fruitful for shareholders of a gold explorer Thursday. Here’s some small stocks making big moves on Thursday, May 14, 2020 (as of 4 pm EST):

Antler Gold Inc. (TSXV:ANTL) shares jumped 56% to $0.14 on Thursday after the gold explorer announced the discovery of a previously unrecognized fault zone now named the Kranzberg Fault Zone at the Company’s Erongo Gold Project in Namibia. Antler added that this fault zone is parallel to and shares many similarities to the Karibib Fault Zone, which hosts Osino’s Twin Hills Project.

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As well, shares of Monarch Gold Corporation (TSX:MQR) fell 14% to $0.245 as the gold junior said it has entered into a memorandum of understanding with Glencore Canada Corporation in connection with the potential use of Glencore’s Kidd concentrator in Timmins, Ontario for the treatment of ore to be mined from Monarch’s Wasamac gold property in Québec.

Neptune Wellness Solutions Inc. (TSX:NEPT), meanwhile, reported that it expects first-quarter fiscal 2021 revenue growth of 300% to 400% year over year to approximately $18 million to $22 million, with a 15% to 21% anticipated year-over-year increase in its Fiscal 2020 revenue to about $28.0 to $29.6 million. Neptune Wellness Solutions stock moved up 7% to $3.59 following the announcement.

Finally, Corvus Gold Inc. (TSX:KOR) shares continued to move higher Thursday, up 15% to $2.96 following a 16% gain on Wednesday, after the gold junior announced that it has received results from the Central Intrusive Zone at its Mother Lode project in Nevada along with the discovered a new gold mineralized zone below the known existing Mother Lode deposit, which included 125.5 metres of 2.56 grams per tonne (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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