Precious Metals Explorer Shines on Sample Assays

VanGold Mining Corp. (TSXV:VGLD), a precious metals explorer, gained ground after announcing assay results from its El Pinguico silver and gold project

Sean Mason | October 7, 2020 | SmallCapPower

Mexico channel sample results propelled shares of a precious metals explorer sharply higher Wednesday. Here’s some small stocks making big moves on Wednesday, October 7, 2020 (as of 4 pm EST):

VanGold Mining Corp. (TSXV:VGLD) shares jumped 24% to $0.26 on Wednesday after the precious metals explorer announced assay results from channel sampling of an underground vein exposure encountered at its El Pinguico silver and gold project in Mexico, which included 536.8 grams per tonne (g/) silver equivalent, or 6.71 g/t gold equivalent, over 55 metres.

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As well, shares of Calibre Mining Corp. (TSX:CXB) rose 3% to $1.82 as the junior gold miner revealed third-quarter operational and financial results, which showed a 124% year-over-year increase in the Company’s cash on the hand to US$56 million.

MedMira Inc. (TSXV:MIR), meanwhile, reported results of the latest independent performance evaluation results of its REVEALCOVID-19 Total Antibody Test, which showed 100% agreement on 51 SARS-CoV-2 antibody positive blood specimens as confirmed by two reference tests. MedMira stock moved up 9% to $0.295 following the announcement.

Finally, Nanotech Security Corp. (TSXV:NTS) shares surged 13% to $0.56 after the provider of nano-optic security features announced that it has been selected as the exclusive supplier of authentication labels to protect licensed merchandise for the Confederation of North, Central America, and Caribbean Association Football (Concacaf), a soccer governing body.

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

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