Gold Explorer Jumps on Nugget Results

Klondike Gold Corp. (TSXV:KG), a gold explorer, climbed after announcing assay results from its Klondike District Property in the Yukon

Sean Mason | August 6, 2019 | SmallCapPower

Nugget Zone, Nugget Fault assay results boosted shares of a gold explorer Tuesday. Here’s some small stocks making big moves on Tuesday, August 6, 2019 (as of 4 pm EST):

Klondike Gold Corp. (TSXV:KG) shares moved up 9% to $0.41 on Tuesday after the gold explorer announced assays from nine drill holes testing the Nugget Zone along the Nugget Fault on the Company’s wholly-owned Klondike District Property in the Yukon Territory, which included 8.9 g/t gold over 10.0 meters.

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As well, shares of Jaguar Mining Inc. (TSX:JAG) gained 21% to $0.265 as the junior gold miner said it has appointed Mr. Vernon Baker as its Chief Executive Officer. Mr. Baker was most recently General Manager at Goldcorp’s Cerro Negro Mine in Argentina.

The Wonderfilm Media Corporation (TSXV:WNDR), meanwhile, reported that its latest feature film, Tammy is Always Dying, has been selected for a worldwide premiere at the prestigious Toronto Film Festival in September 2019. Wonderfilm Media stock popped 21% to $0.23 following the announcement.

Finally, Engagement Labs Inc. (TSXV:EL) shares rose 31% to $0.105 after the data and analytics firm announced that it has received unsolicited expressions of interest with respect to the possible strategic investment in, or acquisition of, the Company.

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

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