Colombia drill results lifted shares of a gold explorer Monday. Here’s some small stocks making big moves on Monday, March 2, 2020 (as of 11:30 am EST):
Caldas Gold Corp. (TSXV:CGC) shares climbed 22% to $2.20 on Monday after the gold explorer announced drill results from its Marmato Project in Colombia, which included 87.15 meters of 3.9 grams per tonne (g/t) gold and 1.7 g/t silver. The Company added that drill hole MT-IU-053A was successful in extending the recently-discovered New Zone down-plunge by more than 200 meters.
As well, shares of Balmoral Resources Ltd. (TSX:BAR) surged 52% to $0.47 as the gold junior said it has agreed to be acquired by Wallbridge Mining Company Limited (TSX:WM) in an all-stock transaction valued at approximately C$110 million. Balmoral shareholders will receive 0.71 of a Wallbridge share for each Balmoral common share held.
Talon Metals Corp. (TSX:TLO), meanwhile, reported the first drill results from its winter 2020 exploration program at the Tamarack Nickel-Copper-Cobalt project in Minnesota, which included 11.36 meters grading 7.1% nickel, 2.98% copper, 0.14% cobalt, 0.49 g/t palladium, 0.62 g/t platinum and 0.16 g/t gold, or 8.67% nickel equivalent. Talon Metals stock moved up 20% to $0.12 following the announcement.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
To read our full disclosure, please click on the button below:
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.
Caldas Gold Corp. (TSXV:CGC) shares climbed 22% to $2.20 on Monday after the gold explorer announced drill results from its Marmato Project in Colombia, which included 87.15 meters of 3.9 grams per tonne (g/t) gold and 1.7 g/t silver. The Company added that drill hole MT-IU-053A was successful in extending the recently-discovered New Zone down-plunge by more than 200 meters.
, on Monday.){kind=link}