Gold Junior Shines on Quebec Drill Results

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Eastmain Resources Inc. (TSX:ER), a gold junior, climbed after announcing the discovery of a new gold mineralized zone at its Clearwater Property

Sean Mason | November 13, 2018 | SmallCapPower

Shallow gold drill results from a new mineralized zone boosted shares of a gold junior Tuesday. Here’s some small stocks making big moves on Tuesday, November 13, 2018 (as of 4 pm EST):

Eastmain Resources Inc. (TSX:ER) shares jumped 19% to $0.19 on Tuesday after the gold junior announced the discovery of a new gold mineralized zone at the Percival Prospect on its 100%-owned Clearwater Property in Québec, which included 2.35 g/t gold over 87.0 metres, beginning 28.0 metres downhole.

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As well, shares of Serengeti Resources Inc. (TSXV:SIR) sank 44% to $0.27 as the junior explorer said it has released the second batch of assay results from the 2018 drilling campaign completed at the Kwanika Project in British Columbia, which included 0.80 g/t gold, 0.66% copper, 2.24 g/t silver over 500.3 metres.

Gatekeeper Systems Inc. (TSXV:GSI), meanwhile, reported that it has received a purchase order for approximately C$1.5 million from the Southeastern Pennsylvania Transit Authority to supply and install video system solutions for its trains. Gatekeeper Systems stock moved up 11% to $0.105 following the announcement.

Finally, Otis Gold Corp. (TSXV:OOO) shares gained 8% to $0.14 after the precious metals explorer announced the discovery of a 3.5 km long gold and silver anomaly at its Oakley Project in Idaho.

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 his family own shares in any of the companies mentioned above.

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