Resource Junior Climbs on Gold Assay Results

Skeena Resources Limited (TSXV:SKE), a resource junior, rose after announcing assay results from its Snip Gold Project

Sean Mason | August 16, 2018 | SmallCapPower

Another set of Golden Triangle drill results piqued the interest of a few resource junior speculators Thursday. Here’s some small stocks making big moves on Thursday, August 16, 2018 (as of 4 pm EST):

Skeena Resources Limited (TSXV:SKE) shares gained as much as 15% before ending up 3% to $0.305 on Thursday after the resource junior announced final assay results from the 9,583 metre Phase II surface and underground drilling program at its 100% owned Snip Gold Project in the Golden Triangle area of British Columbia, which included 13.80 g/t gold over 18.00 metres.

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As well, shares of Lydian International Limited (TSX:LYD) rose 8% to $0.20 as the gold project developer said its senior lenders have agreed to extend the initial repayment date and the availability period from previously announced August 15, 2018 to August 31, 2018.

National Access Cannabis Corp. (TSXV:META), meanwhile, reported that it and The Second Cup Ltd. (TSX:SCU) have begun actively reviewing potential Second Cup locations in Ontario for conversion to NAC-operated cannabis retail stores, under the brand and banner Meta Cannabis Supply Co. National Access Cannabis stock moved up 6% to $1.06 following the announcement.

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

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