Lithium Junior Jumps on Drill Results

Noram Ventures Inc. (TSXV:NRM), a lithium junior, climbed after announcing results from the Zeus Lithium Deposit

Sean Mason | January 29, 2020 | SmallCapPower

Nevada assay results sparked shares of a lithium junior Wednesday. Here’s some small stocks making big moves on Wednesday, January 29, 2020 (as of 4 pm EST):

Noram Ventures Inc. (TSXV:NRM) shares powered 89% higher to $0.17 on Wednesday after the lithium junior announced results for three remaining drill holes completed in the November 2019 Phase IV drill program on the Zeus Lithium Deposit in Nevada, which included 56.4 meters with an average of 1230 ppm Li.

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As well, shares of BTU Metals Corp. (TSXV:BTU) slid 22% to $0.215 as the junior explorer revealed additional assays from its new TNT target on the Dixie Halo project in northern Ontario, which included 77.4 metres of 0.44% copper equivalent mineralization.

Wallbridge Mining Company Limited (TSX:WM), meanwhile, reported that it has  intersected 43.47 g/t gold over 19.00 metres in the Lower Tabasco Zone on its 100%-owned Fenelon Gold Property in Quebec. Wallbridge Mining stock popped 23% to $0.91 following the announcement.

Finally, RNC Minerals (TSX:RNX) shares rose 12% to $0.46 after the resource junior announced the results of a recently-completed high density gravity survey program at Higginsville in Western Australia, which has identified a newly-interpreted structure extending over 5 km north of the previously-mined Trident gold deposit.

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

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