A few ‘monster’ assay results sparked speculation in a Quebec gold explorer Thursday. Here’s some small stocks making big moves on Thursday, June 14, 2018 (as of 4 pm EST):
TomaGold Corporation (TSXV:LOT) shares climbed 56% to $0.07 on Thursday after the gold explorer announced that its joint venture partner IAMGOLD Corporation released assay results from the 2018 winter drilling program completed at its Monster Lake joint venture project in Quebec, which included 5.32 metres grading 40.94 g/t gold. TomaGold has a 45% stake in the project.
As well, shares of The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) rose 5% to $6.42 as the Canadian marijuana company said it has entered into a strategic partnership with Jamaican cannabis company Epican Medicinals Ltd, which will add an additional 14,000 kgs of cannabis, taking TGOD’s total organic funded capacity to 130,000 kgs.
Azincourt Energy Corp. (TSXV:AAZ), meanwhile, reported that its joint venture partner Fission 3.0 Corp. is preparing a summer drill program for its flagship Patterson Lake North property located in Saskatchewan’s Athabasca Basin. Azincourt has a 10% interest in the project. Azincourt also announced that field crews have nearly completed the first phase of the 2018 surface field exploration on the Lithium 2 Project in Manitoba. Azincourt Energy stock moved up 11% to $0.105 following the announcement.
Finally, Tarku Resources Ltd. (TSXV:TKU) shares rose 20% to $0.03 after the gold junior announced results of a 2,469-metre drilling program on the Guercheville Project in Québec, which 16.7 g/t gold over one metre.
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.
TomaGold Corporation (TSXV:LOT) shares climbed 56% to $0.07 on Thursday after the gold explorer announced that its joint venture partner IAMGOLD Corporation released assay results from the 2018 winter drilling program completed at its Monster Lake joint venture project in Quebec, which included 5.32 metres grading 40.94 g/t gold. TomaGold has a 45% stake in the project.
