Gold Junior Shines on Drill Results: Sean Mason’s Canadian Small Cap Market Movers

Sean Mason | October 26, 2015 |
SmallCapPower

Gold drill
results boosted the stock prices of two juniors Monday. Here’s some small
stocks making big moves on Monday, October 26, 2015 (as of 4 pm EST):

Nevada Exploration Inc. (TSXV: NGE) shares surged 34% to $0.335 on Monday after the
gold explorer announced that it has received new analytical results from eight
drill holes at its 100% owned Grass Valley Project in Nevada, which the Company
says confirms the presence of a large, gold-bearing hydrothermal system
consistent with the geologic setting of a Carlin-style gold deposit.

As well,
shares of Legumex Walker Inc. (TSX:
LWP
) slid 26% to $1.20 as the processor and merchandiser of pulses and
other special crops said it will be reducing the special distribution to
shareholders as a result of the sale of its Special Crops Division to an
estimated $1.69 to $1.98 per share.

Nighthawk Gold Corp. (TSXV:
NHK
), meanwhile, reported results from its recently-completed 2015
drill program on its Indin Lake Gold Property in the Northwest Territories,
which included 32.95 metres of 4.19 grams per tonne (g/t) gold. Nighthawk Gold
stock moved up as much as 25% before ending unchanged at $0.08 following the announcement.

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