Gold Explorer Surges on Drill Results

Roscan Gold Corporation (TSXV:ROS), a gold explorer, climbed after announcing results from its Kandiole Gold Project

Sean Mason | February 27, 2020 | SmallCapPower

West African drill results attracted more than a few speculators to shares of a gold explorer Thursday. Here’s some small stocks making big moves on Thursday, February 27, 2020 (as of 4 pm EST):

Roscan Gold Corporation (TSXV:ROS) shares jumped 25% to $0.175 on Thursday after the gold explorer announced drill results for the first 50 holes at its 100%-owned Kandiole Gold Project in Mali, West Africa, which included 3.18 grams per tonne (g/t) gold over 88.0 metres.

Win Big With Our Small Cap Picks


As well, shares of NervGen Pharma Corp. (TSXV:NGEN) sank 29% to $2.18 as the regenerative medicine company said it has decided to delay the initiation of its Phase 1 clinical study from Q1 2020 to Q4 2020, after reviewing comments received from the FDA on the Company’s recently-submitted Investigational New Drug application.

MacDonald Mines Exploration Ltd. (TSXV:BMK), meanwhile, reported initial 2020 definition drilling results from the North Pit area on the Scadding Deposit at its SPJ Property northeast of Sudbury, Ontario, which included 59.2 g/t gold over 19.07 metres. MacDonald Mines stock popped 31% to $0.105 following the announcement.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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: