Gold Junior Shines on Quebec Drill Results

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.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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