Gold Penny Stock Shines on Sample Results

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Gold Penny stock GoldQuest Mining Corp. (CVE:GQC) identifies surface high-grade gold in the Dominican Republic

Sean Mason | May 17, 2016 | SmallCapPower

High-grade surface samples generated a bit of speculator excitement Tuesday, while others were encouraged by a royalty purchase. Here’s some small stocks making big moves on Tuesday, May 17, 2016 (as of 4 pm EST):

GoldQuest MininGQC logog Corp. (CVE:GQC) shares jumped 21% to $0.375 on Tuesday after the mineral exploration company announced that its geological field crews have identified surface high-grade gold during detailed mapping and sampling of a mineralized trend on its 100%-owned Loma El Cachimbo license area in the Dominican Republic. Sample results included 167 g/t gold, 2.2% copper and >300 g/t silver.

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As well, shares of gold penny stock GoGold Resources Inc. (TSE:GGD) slid 16% to $1.24 as the precious metals producer said it has agreed to complete a bought-deal financing involving 7.7 million units of the Company at a price of C$1.30 per unit, for gross proceeds of approximately C$10 million.

Homestake Resource Corporation (CVE:HSR), meanwhile, reported that it has purchased Teck Resources Ltd.’s 2% net smelter return royalty and ancillary rights on mineral claims forming a portion of the Homestake Ridge property in British Columbia. Homestake Resource stock moved up 19% to $0.095 following the announcement.

Finally, Everton Resources Inc. (CVE:EVR) shares climbed 27% to $0.07 after the junior explorer announced that it has entered into an option agreement to acquire a 100% interest in the Blue Sky Jackpot lithium property located in the Thunder Bay Mining District of Ontario.

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

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