Gold Junior Climbs on Drill Permit Announcement

Precipitate Gold Corp. (TSXV:PRG), a gold junior, gained ground after receiving a government-issued drill permit for its Pueblo Grande Project

Sean Mason | September 18, 2019 | SmallCapPower

Pending drilling near a Major’s mine sparked interest in shares of a gold junior Wednesday. Here’s some small stocks making big moves on Wednesday, September 18, 2019 (as of 4 pm EST):

Precipitate Gold Corp. (TSXV:PRG) shares jumped 27% to $0.14 on Wednesday after the gold junior announced receipt of the government-issued permit for diamond drill testing within the Loma Cuaba Lithocap Zone at its 100% owned Pueblo Grande Project in the Dominican Republic. Pueblo Grande is adjacent to Barrick Gold’s Pueblo Viejo gold-silver mine, which produced 581,000 ounces of gold in 2018.

Win Big With Our Small Cap Picks


As well, shares of CannTrust Holdings Inc. (TSX:TRST) continued to trend lower Wednesday, down as much as 12% before closing up 1% following a 15% loss on Tuesday, as the Canadian cannabis company said Health Canada has suspended its cannabis sales license.

Sirona Biochem Corp. (TSXV:SBM), meanwhile, reported that it has completed a definitive agreement with Rodan + Fields, LLC for the licensing and commercial sales of Sirona’s ingredient TFC-1067 to brighten and even skin tone. Under the terms of the agreement, Sirona will receive an upfront and milestone payments as well as on-going revenue in return for the manufacture and supply of TFC-1067. Sirona Biochem stock moved up 9% to $0.475 following the announcement.

Finally, Luckystrike Resources Ltd. (TSXV:LUKY) shares sank 46% to $0.06 after the gold explorer announced results of its 2019 diamond drill program on the Lucky Strike Property in the Yukon’s White Gold District, which included 0.10 g/t gold over 67.0 metres.

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

To read our full disclosure, please click on the button below: