Gold Junior Surges on Assay Results

Compass Gold Corp. (TSXV:CVB), a gold junior, jumped after announcing drill results from the Sikasso Property

Sean Mason | September 5, 2019 | SmallCapPower

High-grade drill results sparked much speculation in shares of a gold junior Thursday. Here’s some small stocks making big moves on Thursday, September 5, 2019 (as of 11:30 am EST):

Compass Gold Corp. (TSXV:CVB) shares powered 42% higher to $0.355 on Thursday after the gold junior announced results from the recently-completed diamond core drilling program at the Farabakoura artisanal workings as part of the Sikasso Property in Mali, which included 6.1 metres of 65.6 grams per tonne (g/t) gold from 19.5 metres.

Win Big With Our Small Cap Picks

 

As well, shares of Electrovaya Inc. (TSX:EFL) climbed 18% to $0.20 as the manufacturer of lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications said it has secured new purchase orders, valued at approximately C$7.3 million, under a contract with Walmart Canada for its forklift battery systems.

Libero Copper & Gold Corporation (TSXV:LBC), meanwhile, reported results from the early-stage sampling program at the Big Red property in the Golden Triangle region of British Columbia, which included 6.14 g/t gold over 100 metres in two contiguous samples. Libero Copper & Gold stock moved up 35% to $0.195 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: