Junior Gold Miner Glisters on Assay Results

Superior Gold Inc. (TSXV:SGI), a junior gold miner, jumped after announcing results from the Plutonic Gold mine

Sean Mason | December 10, 2019 | SmallCapPower

Multiple, high-grade gold drill results sparked speculation in shares of a junior gold miner Tuesday. Here’s some small stocks making big moves on Tuesday, December 10, 2019 (as of 4 pm EST):

Superior Gold Inc. (TSXV:SGI) shares jumped 11% to $0.54 on Tuesday after the junior gold miner announced results from the ongoing underground diamond drill program at its 100%-owned Plutonic Gold mine in Western Australia, in which 39 intersections encountered more than 5 grams per tonne (g/t) gold.

Win Big With Our Small Cap Picks


As well, shares of Teranga Gold Corporation (TSX:TGZ) gained 10% to $6.19 as the gold producer said it has agreed to acquire a 90% interest in the Massawa Gold Project in Senegal, from a wholly-owned subsidiary of Barrick Gold, in a cash-and-stock transaction valued at US$380 million.

Integra Resources Corp. (TSXV:ITR), meanwhile, reported gold-silver drill results from the 2019 Fall drill programs at Florida Mountain and War Eagle Mountain in Idaho, which included 10.88 g/t gold and 115.31 g/t silver over 34.14 meters. Integra Resources stock moved up 3% to $1.21 following the announcement.

Finally, ZoomerMedia Limited (TSXV:ZUM) shares rose 43% to $0.05 after the diversified multimedia company announced that its wholly-owned subsidiary, Darwin CX Inc., has signed a deal to provide its cloud-based subscription management technology to St. Joseph Communications.

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: