Gold Junior Powers Higher on Drill Results

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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.

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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!

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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.

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