Junior Gold Stock Shines on Drill Results

Published:

Wallbridge Mining Company Limited (TSX:WM), a junior gold stock, moved higher after announcing results from its Fenelon Gold Property in Quebec

Sean Mason | July 25, 2018 | SmallCapPower

More than a few junior gold stock speculators were attracted to drill results from Quebec Wednesday. Here’s some small stocks making big moves on Wednesday, July 25, 2018 (as of 4 pm EST):

Wallbridge Mining Company Limited (TSX:WM), a junior gold stock, jumped 20% to $0.09 on Wednesday after announcing initial results from the underground drill program at its 100%-owned Fenelon Gold Property in Quebec, which included 35.91 g/t gold over 3.42 metres.

Win Big With Our Small Cap Picks

 

As well, shares of Aimia Inc. (TSX:AIM) powered 36% higher to $3.39 as an investor group consisting of Air Canada, Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, and Visa Canada Corp said it is proposing to acquire the Aeroplan loyalty program from the marketing and loyalty analytics provider for $250 million in cash, which would include assuming the liability of about $2 billion in Aeroplan points.

IsoEnergy Ltd. (TSXV:ISO), meanwhile, reported that it has intersected an interval of uranium mineralization in the final drill hole of the summer core drilling program on the 100% owned Larocque East property in Saskatchewan’s Athabasca Basin. IsoEnergy stock moved up 13% to $0.355 following the announcement.

Finally, Sokoman Iron Corp. (TSXV:SIC) shares continued to move higher Wednesday, up 35% to $0.155. On Tuesday, shares of the junior explorer surged 130% after it announced assay results from drilling completed recently at the Moosehead Gold Project in Newfoundland, which included 11.90 metres of 44.96 g/t gold.

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:

Related articles

Recent articles