Gold Explorer Shines on Assay Results

Satori Resources Inc. (CVE:BUD), a gold explorer, jumped after announcing assay results from the Tartan Lake Gold Mine Project in Manitoba

Sean Mason | December 7, 2016 | SmallCapPower

Assays sparked a bit of speculation in a gold explorer Wednesday. Here’s some small stocks making big moves on Wednesday, December 7, 2016 (as of 4 pm EST):

Satori Resources Inc. (CVE:BUD) shares climbed 36% to $0.15 on Wednesday after the gold explorer announced assay results from the Tartan Lake Gold Mine Project in Manitoba, which included 10.88 grams per tonne (g/t) gold over 13.1 metres and 9.99 g/t gold over 11.2 metres outside the known mineral resource boundary.

Win Big With Our Small Cap Picks


As well, shares of Ultra Lithium Inc. (CVE:ULI) powered 25% higher to $0.20 as the lithium junior said it has signed an agreement with Metron Capital Corp. to option 100 of the Company’s 659 Big Smoky Valley brine lithium claims in Nevada, in return for cash, Metron stock, and exploration expenditures over a three-year period.

Graphite One Resources Inc. (CVE:GPH), meanwhile, provided an update on the development of its Graphite Creek Project in Alaska, adding that the inaugural Preliminary Economic Assessment (PEA) is expected to be released in January 2017. Graphite One stock moved up 6% to $0.095 following the announcement.

Finally, ProMIS Neurosciences (TSE:PMN) shares rose 24% to $0.18 after the biotech company announced the validated monoclonal antibody therapeutic candidates it is developing for Alzheimer’s disease inhibited the direct neurotoxic effect of prion-like forms of Amyloid beta in vitro.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here


The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.