Gold Junior Moves Higher on Assay Results

Cache Exploration Inc. (CVE:CAY), a gold junior, jumped after announcing assay results from its Kiyuk Lake project in Nunavut

Sean Mason | October 26, 2017 | SmallCapPower

More than a few speculators took a shine to a gold junior Thursday following the release of assay results. Here’s some small stocks making big moves on Thursday, October 26, 2017 (as of 4 pm EST):

Cache Exploration Inc. (TSXV:CAY) shares jumped 6% to $0.085 on Thursday after the gold junior announced the complete assay results of the 2017 summer drill program at its wholly-owned Kiyuk Lake project in Nunavut, which included 122 metres of 1.8 grams per tonne (g/t) gold.

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As well, shares of Grande Portage Resources Ltd. (TSXV:GPG) sank 23% to $0.36 as the gold explorer released initial drill results from the Goat Vein at its Herbert Gold discovery in Alaska, which included 6.3 meters grading 7.31 g/t gold.

Aecon Group Inc. (TSX:ARE), meanwhile, reported that it has agreed to be acquired by China’s CCCC International Holding Limited for $20.37 per share in cash, or an enterprise value of approximately $1.51 billion. Aecon Group stock popped 19% to $19.73 following the announcement.

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Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

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