Gold Junior Powers Higher on Drill Results

GoldQuest Mining Corp. (CVE:GQC), a gold junior, glistered after announcing assay results from its Romero Project in the Dominican Republic

Sean Mason | July 13, 2017 | SmallCapPower

High-grade drill results sparked much speculation in a gold junior Thursday. Here’s some small stocks making big moves on Thursday, July 13, 2017 (as of 4 pm EST):

GoldQuest Mining Corp. (TSXV: GQC) shares jumped 20% to $0.425 on Thursday after the gold junior announced assay results from the latest four-hole batch of drill holes from the ongoing Tireo exploration drill program at its Romero Project in the Dominican Republic, which included 12 metres grading 8.2 g/t gold equivalent.

Win Big With Our Small Cap Picks


As well, shares of International Frontier Resources Corporation (TSXV: IFR) slid 10% to $0.26 as the oil and gas junior said it was not awarded any licenses following the Mexican Energy Reform Onshore Bid Round 2.3 completed on July 12, 2017.

Electrovaya Inc. (TSX: EFL), meanwhile, reported that it has sold Euro 1 million (approximately C$1.45 million) of lithium ion cells for electric vehicle application to an electric vehicle producer. Electrovaya stock popped 37% to $1.33 following the announcement.

Finally, Nighthawk Gold Corp. (TSX: NHK) shares rose 9% to $0.87 after the gold explorer announced additional drill results from its wholly-owned Colomac Gold Project in the Northwest Territories, which included 55.35 metres grading 3.00 grams per tonne gold (uncut).

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 any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.

The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. To read more of this Disclaimer please click on the button below: