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.

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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.

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

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