Junior Gold Miner Jumps on Drill Results

Calibre Mining Corp. (TSX:CXB), a junior gold miner, surged after announcing drilling results from the Panteon deposit

Sean Mason | April 9, 2020 | SmallCapPower

Central American drill results attracted investors to shares of junior gold miner Thursday. Here’s some small stocks making big moves on Thursday, April 9, 2020 (as of 4 pm EST):

Calibre Mining Corp. (TSX:CXB) shares climbed 19% to $0.80 on Thursday after the junior gold miner announced drilling results from the Panteon deposit, part of the El Limon mine complex in Nicaragua, which included 17.77 grams per tonne (g/t) gold over 10.8 metres.

Read: Calibre Mining is a Growing Gold Success Story

Win Big With Our Small Cap Picks


As well, shares of Great Bear Resources Ltd. (TSXV:GBR) rose 8% to $6.89 as the gold junior released results from its 100% owned flagship Dixie Project in the Red Lake district of Ontario, which included 4.24 g/t gold over 52.15 metres.

Magnetic North Acquisition Corp. (TSXV:MNC), meanwhile, reported that one of its investee companies, Previcare, Inc., has entered into an agreement with a Homeland Security consulting firm to assist and provide guidance in connection with the sale of products related to the COVID-19 pandemic, to certain US Federal and State government agencies and organizations. The Company has begun the process for its initial weekly delivery of approximately US$2.0 million of product, which is expected to last for a period of up to six months. Magnetic North Acquisition stock moved up 88% to $0.45 following the announcement.

Finally, NextSource Materials Inc. (TSX:NEXT) shares gained 33% to $0.04 after the graphite junior announced that it has executed a Letter of Agreement with its Japanese offtake partner and a Chinese processor of graphite anode material to collaborate on the construction of a battery anode plant in a jurisdiction that is proximal to the Company’s Molo graphite project in Madagascar.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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

To read our full disclosure, please click on the button below: