Junior Explorer Gains Ground on Gold Drill Results

Aston Bay Holdings Ltd. (TSXV:BAY), a junior explorer, moved up after announcing results from the Buckingham Gold Project

Sean Mason | June 28, 2019 | SmallCapPower

Gold drill results south of the border continued to propel shares of a junior explorer Friday. Here’s some small stocks making big moves on Friday, June 28, 2019 (as of 4 pm EST):

Aston Bay Holdings Ltd. (TSXV:BAY) shares continued to move higher Friday, up 15% to $0.075 following an 18% gain on Thursday, after the junior explorer announced the final results of its recently-completed drill program at the Buckingham Gold Project in Virginia, which included 2.16 g/t gold over 18.07 metres.

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As well, shares of Northern Dynasty Minerals Ltd. (TSX:NDM) rose 5% to $0.79 as the resource project developer said it will re-start the process to withdraw a Proposed Determination initiated by the Obama Administration in 2014 under Section 404(c) of the Clean Water Act, which would have vetoed the Company’s Pebble Project in Alaska before it received a scientific regulatory review under the National Environmental Policy Act.

Aquila Resources Inc. (TSX:AQA), meanwhile, reported that Orion Mine Finance recently acquired 49,651,857 common shares of the Company and now owns approximately 28.7% of Aquila’s outstanding common shares. Aquila Resources stock moved up 6% to $0.19 following the announcement.

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

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