Gold Explorer Gains on Drilling Announcement

Tajiri Resources Corp. (TSXV:TAJ), a gold explorer, moved up after saying it is set to begin drilling the Reo Gold Project

Sean Mason | August 21, 2020 | SmallCapPower

The start of a West Africa drill program propelled shares of a gold explorer Friday. Here’s some small stocks making big moves on Friday, August 21, 2020 (as of 4 pm EST):

Tajiri Resources Corp. (TSXV:TAJ) shares rose 22% to $0.195 on Friday after the gold explorer announced that it is set to begin its initial drill program on the Reo Gold Project in Burkina Faso.

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As well, shares of Rocky Mountain Liquor Inc. (TSXV:RUM) surged 19% to $0.125, following a 75% jump on Thursday, as the Alberta private liquor store owner said its second-quarter sales increased 19% to $14.3 million, while swinging to a net profit of $993,913 from a loss $23,224 a year earlier.

Cabral Gold Inc. (TSXV:CBR) stock, meanwhile, continued to move higher Friday, up 22% to $0.44 following a 9% gain on Thursday, after reporting that it has mobilized an RC drill rig to the Cuiú Cuiú project in Brazil.

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

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