Junior Explorer Jumps on AuEq Results: PDAC 2020 Breaking News

Tudor Gold Corp. (TSXV:TUD), a junior explorer, surged after announcing results from its Treaty Creek project

Sean Mason | March 3, 2020 | SmallCapPower

An increase in gold-equivalent drill results powered shares of a junior explorer Tuesday. Here’s some small stocks making big moves on Tuesday, March 3, 2020 (as of 11:30 am EST):

Tudor Gold Corp. (TSXV:TUD) shares climbed 30% to $0.60 on Tuesday after the junior explorer announced the results of gold-equivalent (AuEq) calculations for all drilling completed at Company’s flagship Treaty Creek project in British Columbia’s Golden Triangle, in which the gold-only result of 1.27 grams per tonne (g/t) gold over a 252 metre interval increased by 18.9% to 1.51 g/t AuEq.

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As well, shares of Bear Creek Mining Corporation (TSXV:BCM) gained 16% to $1.93 as the silver junior said it has engaged BNP Paribas and Société Générale to arrange a US$400 million senior secured credit facility that will be used to develop the Company’s wholly-owned Corani silver-lead-zinc project in Peru.

Maya Gold & Silver Inc. (TSX:MYA), meanwhile, reported results from new surface samples from the Imarighen and Northern Zones at the Boumadine polymetallic mine in Morocco, which included 2.5 metres of 2.27 g/t gold and 80 g/t silver. Maya Gold & Silver stock popped 35% to $1.48 following the announcement.

Finally, Great Thunder Gold Corp. (TSXV:GTG) shares moved 24% higher to $0.495 after the gold explorer announced the purchase of the Northbound Extension Property, which more than doubles its land position immediately northwest of Wallbridge Mining Company Ltd.’s Fenelon Gold deposit.

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

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