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.
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.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
To read our full disclosure, please click on the button below:
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. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.