Exploration Stock Shines on Gold Sample Results

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Thunderstruck Resources Ltd. (TSXV:AWE), an exploration stock, popped after announcing grab sample results from the Liwa Creek Gold Prospect in Fiji

Sean Mason | February 13, 2018 | SmallCapPower

An exploration stock heated up Tuesday following the release of gold grab samples from the tropics. Here’s some small stocks making big moves on Tuesday, February 13, 2018 (as of 4 pm EST):

Thunderstruck Resources Ltd. (TSXV:AWE), an exploration stock, climbed 31% to $0.085 on Tuesday after announcing grab sample results from recent exploration conducted at the Liwa Creek Gold Prospect in Fiji, which included 36.1 grams per tonne (g/t) and 31.8 g/t gold.

As well, shares of DATA Communications Management Corp. (TSX:DCM) gained 9% to $1.32 as the provider of business communication solutions said it expects adjusted EBITDA guidance for fiscal 2018 of between $22 million and $25 million, compared to expected adjusted EBITDA in fiscal 2017 of approximately $16 million.

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Spearmint Resources Inc. (TSXV:SRJ), meanwhile, reported that it has engaged Harris Exploration Drilling and Associates to drill the Clayton Valley Lithium Prospect in Nevada. Spearmint Resources stock moved up 5% to $0.10 following the announcement.

Finally, Minfocus Exploration Corp. (TSXV:MFX) shares rose 60% to $0.04 after the resource junior announced the signing of a letter of intent with Kapuskasing Gold to acquire a 100% interest in 72 claims (1,800 hectares), including 42 claims covering the former Teck Corporation Newfoundland Zinc Mine located about 10 km northeast from the community of Daniel’s Harbour.

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

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