Gold Explorer Slides on Assay Results

Klondike Gold Corp. (TSXV:KG), a gold explorer, slid after announcing assays from its Klondike District Property

Sean Mason | September 25, 2019 | SmallCapPower

Drill results from the Yukon tarnished shares of a gold explorer Wednesday. Here’s some small stocks making big moves on Wednesday, September 25, 2019 (as of 4 pm EST):

Klondike Gold Corp. (TSXV:KG) shares sank 14% to $0.25 on Wednesday after the gold explorer announced assays from seven drill holes testing the Gay Gulch gold showing on its wholly-owned Klondike District Property in the Yukon Territory, which included 1.09 grams per tonne (g/t) gold over 9.08 meters and 0.40 g/t gold over 29.80 metres.

Win Big With Our Small Cap Picks


As well, shares of Western Copper and Gold Corporation (TSX:WRN) gained 13% to $0.90 as the resource junior Tuesday said results from the recently-completed drill program at its wholly-owned Casino Project in the Yukon Territory included an intercept that returned 55.1 g/t gold over 2.97 metres.

Millennial Esports (TSXV:GAME), meanwhile, reported that it has agreed to acquire, a data provider to racing drivers and the general motorsport industry with more than 70,000 active monthly users, in consideration for £140,000 GBP in cash and £60,000 GBP worth of Millennial Esports common shares. Millennial Esports stock moved up 11% to $0.60 following the announcement.

Finally, Clean Commodities Corp. (TSXV:CLE) shares rose 50% to $0.045 after the junior explorer announced that it intends to spin-out its wholly-owned subsidiary, Western Hemp Corp., to the Company’s shareholders.

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: