Exploration Stock Moves Up on Drill Results

Calibre Mining Corp. (CVE:CXB), an exploration stock, rose after announcing drill results from its Monte Carmelo Gold Project in Nicaragua

Sean Mason | April 28, 2017 | SmallCapPower

Skarn mineralization and near-surface drill results boosted an exploration stock Friday. Here’s some small stocks making big moves on Friday, April 28, 2017 (as of 4 pm EST):

Exploration stock Calibre Mining Corp. (TSXV: CXB) climbed 10% to $0.215 on Friday after announcing drill results from its 100% owned Monte Carmelo Gold Project in Nicaragua, which included 29.5 metres grading 0.58 g/t gold, 4.9 g/t silver, and 0.22% copper from surface. The Company added that all holes intersected skarn mineralization with variable anomalous in gold, silver, copper, and iron.

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As well, shares of NexJ Systems Inc. (TSX: NXJ) slipped 7% to $4.39 as the enterprise customer management solutions provider to the financial services industry said its first-quarter revenue rose 9% to $8.8 million, while swinging to a profit of $327,000 from a net loss of $2.0 million during the same period last year.

NYX Gaming Group (TSXV: NYX), meanwhile, reported that it won two major awards this week, Casino Platform Supplier and Best Platform Supplier, at the 2017 EGR North America Awards and iGaming North America Awards. NYX Gaming Group stock moved up 4% to $1.08 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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