Silver Junior Climbs on Massive Sulphide Discovery

Silver Bull Resources, Inc. (TSE:SVB), a silver junior, powered higher after identifying a new zone at its Sierra Mojada Project in Mexico

Sean Mason | August 23, 2017 | SmallCapPower

More than a few speculators took a shine to a silver junior Wednesday following channel sampling results from a new discovery zone. Here’s some small stocks making big moves on Wednesday, August 23, 2017 (as of 4 pm EST):

Silver Bull Resources, Inc. (TSX: SVB) shares surged 30% to $0.13 on Wednesday after the silver junior announced that it has identified a new zone of what it called “high-grade massive sulphide” at its Sierra Mojada Project in Mexico, with channel sampling results including 1130 g/t silver, 22% zinc, 3.26% lead, and 12.8% copper.

Related: Castle Silver Resources Operates a Property with Three Past Producing Cobalt/Silver Mines, Says Ubika Research

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As well, shares of Redstar Gold Corp. (TSXV: RGC) slid 18% to $0.09 as the gold explorer revealed drill results from its 2017 Spring/Summer Exploration Program at the Unga Gold Project in Alaska, which included 2.2 metres of 9.9 g/t gold & 29.3 g/t silver.

SLAM Exploration Ltd. (TSXV: SXL), meanwhile, reported that it has acquired additional zinc mineral claims in the Bathurst Mining Camp of New Brunswick. SLAM Exploration stock popped 17% to $0.035 following the announcement.

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Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.

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