Gold Junior Climbs on Sample Results

White Gold Corp. (TSXV:WGO), a gold junior, jumped after announcing trench and surface sample results from its JP Ross property

Sean Mason | October 17, 2019 | SmallCapPower

Trench and surface sample results sparked interest in shares of a gold junior Thursday. Here’s some small stocks making big moves on Thursday, October 17, 2019 (as of 11:30 am EST):

White Gold Corp. (TSXV:WGO) shares gained 11% to $1 on Thursday after the gold junior announced trench and surface sample results from the Vertigo target and other surrounding targets as part of its JP Ross property in Yukon’s White Gold District, which included 30.86 grams per tonne (g/t) gold over 7 metres.

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As well, shares of RNC Minerals (TSX:RNX) jumped 11% to $0.365 as the resource junior said it has made what it called “another high-grade coarse gold discovery” at its Beta Hunt Mine in Western Australia, recovering an estimated 3,200 ounces of coarse gold from the 15 Level A Zone, about 30 metres north of the Father’s Day Vein.

Gatekeeper Systems Inc. (TSXV:GSI), meanwhile, reported that its wholly-owned subsidiary, Gatekeeper Systems USA Inc., has been contracted by Southeastern Pennsylvania Transit Authority to provide annually recurring vehicle video system maintenance services for SEPTA’s approximately 3,000 vehicles, in a contract valued at about C$2.36 million per year. Gatekeeper Systems stock moved up 11% to $0.20 following the announcement.

Finally, Water Ways Technologies Inc. (TSXV:WWT) shares rose 20% to $0.09 after the agriculture technology company announced that it signed a Memorandum of Understanding with Emerald Bud Corp. to assist in the development, supply, installation, and technical support in connection with a project of approximately 43,580 square meters of greenhouse area, for the production of medical cannabis in the municipality of San Gil, Colombia.

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

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