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