Gold Junior Shines on Drill Results

Corvus Gold Inc. (TSX:KOR), a gold junior, jumped after announcing drill results near its Mother Lode deposit in Nevada

Sean Mason | July 16, 2020 | SmallCapPower

Nevada drill results generated a bit of investor interest in shares of a gold junior Thursday. Here’s some small stocks making big moves on Thursday, July 16, 2020 (as of 4 pm EST):

Corvus Gold Inc. (TSX:KOR) shares climbed 12% to $3.83 on Thursday after the gold junior announced drilling results from its new Lynnda Strip target located approximately 2.5 kilometres to the north-northeast of the Mother Lode deposit in Nevada, which included 197 metres  of 0.44 grams per tonne (g/t) gold.

Win Big With Our Small Cap Picks


As well, shares of Amex Exploration Inc. (TSXV:AMX) gained 6% to $3 as the gold explorer released drill results from the six-drill, 200,000 metre drill program on its 100% owned Perron property in Quebec, which included 44.22 g/t gold over 9.10 metres.

Vizsla Resources Corp. (TSXV:VZLA), meanwhile, reported that it has expanded the exploration program planned for the Panuco silver-gold project in Mexico by adding a third drill rig. Vizsla Resources stock moved up 7% to $2.24 following the announcement.

Finally, Tetra Bio-Pharma Inc. (TSXV:TBP) shares rose 7% to $0.23 after the cannabinoid-derived drug developer announced that the U.S. Food and Drug Administration (FDA) has favorably reviewed the Company’s Pre-Investigational New Drug application for ARDS-003, which an investigational drug designed to dampen the cytokine release syndrome and prevent the development of Acute Respiratory Distress Syndrome.

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: