Omineca Mining and Metals Ltd. (TSXV:OMM), a gold explorer, gained ground after announcing an agreement to commence a bulk sample program at its Wingdam project
A pending British Columbia bulk sample program boosted shares of a gold explorer Monday. Here’s some small stocks making big moves on Monday, March 4, 2019 (as of 4 pm EST):
Omineca Mining and Metals Ltd. (TSXV:OMM) shares continued to move higher Monday, up 71% to $0.06 following a 40% gain on Friday, after the gold explorer said it has executed a binding letter agreement with an arms-length private company to commence a bulk sample program at Omineca’s Wingdam gold project in British Columbia. The private company will incur 100% of the costs associated with the preparation work required to commence operations in exchange a 50% interest in the Wingdam project.
As well, shares of Star Diamond Corporation (TSX:DIAM) rose 16% to $0.25 as the junior explorer said it believes the presence of a significant proportion of Type IIa diamonds in the Star and Orion South Kimberlites in Saskatchewan greatly increases the potential for the recovery of large (plus 100 carat), high-value diamonds.
Aston Bay Holdings Ltd. (TSXV:BAY), meanwhile, reported the signing of an Exploration and Option to Lease agreement with an independent land and timber company in Buckingham County, Virginia, for a key parcel of land that contains a recent gold discovery located adjacent to the past producing Gold – Pyrite Belt of Central Virginia. Aston Bay Holdings stock moved up 20% to $0.06 following the announcement.
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.
Omineca Mining and Metals Ltd. (TSXV:OMM) shares continued to move higher Monday, up 71% to $0.06 following a 40% gain on Friday, after the gold explorer said it has executed a binding letter agreement with an arms-length private company to commence a bulk sample program at Omineca’s Wingdam gold project in British Columbia. The private company will incur 100% of the costs associated with the preparation work required to commence operations in exchange a 50% interest in the Wingdam project.
