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.

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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  DriverDB.com, 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.

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

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