Gold Explorer Plunges Following Drill Results

Evrim Resources Corp. (TSXV:EVM), a gold explorer, fell sharply after announcing initial drill results from the Cuale gold project in Mexico

Sean Mason | December 6, 2018 | SmallCapPower

Significantly lower gold grades triggered the selling of shares in a gold explorer Thursday. Here’s some small stocks making big moves on Thursday, December 6, 2018 (as of 4 pm EST):

Evrim Resources Corp. (TSXV:EVM) shares plummeted 74% to $0.315 on Thursday after the gold explorer announced initial drill results from the Cuale high sulphidation epithermal gold project in Mexico, which the Company said encountered gold grades in the first few drill holes that were significantly less than those in the trenches at La Gloria.

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As well, shares of Patriot One Technologies Inc. (TSXV:PAT) gained 19% to $2.16 as the covert weapon detection system provider said it has received an initial US$287,000 purchase order from Smart CT Solutions LLC of Miami for multiple PATSCAN threat detection systems.

National Access Cannabis Corp. (TSXV:META), meanwhile, reported that it has achieved $3.95 million in cumulative sales in 50 days from retail cannabis operations. National Access Cannabis stock moved up 29% to $0.60 following the announcement.

Finally, Lithoquest Diamonds Inc. (TSXV:LDI) shares rose as much as 21% before ending down 4% to $0.135 after the diamonds explorer announced the recovery of an octahedral microdiamond and abundant kimberlite indicator minerals from stream sediment and loam samples collected during its recently completed 2018 field program at its 100%-owned North Kimberley Diamond Project in Western Australia.

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

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