Gold Explorer Glisters on Drill Results

Goldsource Mines Inc. (TSXV:GXS), a gold explorer, moved higher after announcing drill results as part of a new discovery at its Eagle Mountain Gold Project in Guyana

Sean Mason | May 24, 2018 | SmallCapPower

South American drill results put a bit of polish onto the shares of a gold explorer Thursday. Here’s some small stocks making big moves on Thursday, May 24, 2018 (as of 4 pm EST):

Goldsource Mines Inc. (TSXV:GXS) shares climbed 42% to $0.085 on Thursday after the gold explorer announced drill results as part of a new discovery at its 100% owned Eagle Mountain Gold Project in Guyana, South America, which included 123 metres grading 1.92 grams per tonne (g/t) gold.

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As well, shares of NV Gold Corporation (TSXV:NVX) plunged 50% to $0.20 as the junior explorer provided an update on follow-up drilling from the second diamond core hole at its 100% controlled Across-the-Valley Gold Project in Nevada, saying “no potentially economic gold grade mineralization was encountered.”

Lithium Energi Exploration, Inc. (TSXV:LEXI), meanwhile, reported results from its initial geophysical surveys covering an additional 120 km2 of its concessions in the northern section of the Antofalla Salar, which the Company claims denote a high probability that lithium-bearing brines underlie the entirety of the Company’s northern claim cluster. Lithium Energi stock moved up 17% to $0.35 following the announcement.

Finally, Datametrex AI Limited (TSXV:DM) shares rose 6% to $0.095 after the technology company announced that it has secured and began delivering on an initial contract for approximately C$670,000 with the retail division of Lotte Group.

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

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