Junior Explorer Shines on Precious Metals Results

Scottie Resources Corp. (TSXV:SCOT), a junior explorer, jumped following drill results from the Bow Property

Sean Mason | January 3, 2020 | SmallCapPower

Golden Triangle drill results powered shares of a junior explorer Friday. Here’s some small stocks making big moves on Friday, January 3, 2020 (as of 11:30 am EST):

Scottie Resources Corp. (TSXV:SCOT) shares climbed 11% to $0.21 on Friday after the junior explorer announced drill results from the Bow Property in British Columbia’s Golden Triangle region, which included 73.32 g/t gold and 71.01 g/t silver over 4.38 metres core length.

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As well, shares of Canada Cobalt Works Inc. (TSXV:CCW) rose 5% to $0.69 as the resource junior said  initial assay results from multi-directional and very short underground drill holes on the western side of the Castle mine have revealed what the Company calls “unexpected high-grade gold in addition to more high-grade cobalt, silver and nickel.”

ENTREC Corporation (TSX:ENT), meanwhile, reported that it has completed its previously-announced sale of its Canadian crane business and assets to Sterling Crane, a Berkshire Hathaway company, for a total of $21.2 million in cash less certain holdback amounts. ENTREC stock moved up 13% to $0.085 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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