Junior Gold Stock Shines on Drill Results

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.

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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.

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

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