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.

Win Big With Our Small Cap Picks


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.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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: