Gold Explorer Moves Higher on Drill Results

Enforcer Gold Corp. (TSXV:VEIN), a gold explorer, climbed after announcing results from its 2018 Phase 1 diamond drilling program on the MOP II gold-copper deposit

Sean Mason | June 20, 2018 | SmallCapPower

Assay results from Quebec caught the attention of a few gold explorer speculators Wednesday. Here’s some small stocks making big moves on Wednesday, June 20, 2018 (as of 4 pm EST):

Enforcer Gold Corp. (TSXV:VEIN) shares jumped 9% to $0.06 on Wednesday after the gold explorer announced results from its 2018 Phase 1 diamond drilling program on the MOP II gold-copper deposit in Quebec, which included 0.73 g/t gold over 219.7 metres.

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As well, shares of iCo Therapeutics (TSXV:ICO) powered 106% higher to $0.165 as the biopharma company said it has completed the recruitment of all 32 subjects in the Company’s Phase 1 Oral Amphotericin B study, an approved drug for the treatment of fungal and parasitic conditions. The Company added that it currently expects results from the Phase 1 study in early July 2018.

Kraken Robotics Inc. (TSXV:PNG), meanwhile, reported that it has entered into a non-brokered private placement offering with Ocean Infinity Ltd., whereby Ocean Infinity will acquire 11,520,000 units at $0.20 per unit which, upon completion, will result in Ocean Infinity owning 9.99% of Kraken’s issued common shares. Kraken Robotics stock popped 33% to $0.20 following the announcement.

Finally, Pacton Gold Inc. (TSXV:PAC) shares rose 12% to $0.75 after the gold junior announced that it has entered into a binding letter of intent to acquire 100% of the Bellary Dome exploration license 47/2555 in the Pilbara region of Western Australia, located on the southern margin of the Hamersley Basin and surrounded by Novo Resources.

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

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