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.

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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.

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

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