Golden Arrow Resources (CVE:GRG), a junior exploration stock, climbed after announcing an option agreement to acquire a silver/base metals project in Argentina
Sean Mason | July 11, 2016 | SmallCapPower
A potential silver project acquisition generated a bit of buying interest for a junior exploration stock Monday. Here’s some small stocks making big moves on Monday, July 11, 2016 (as of 4 pm EST):
Junior exploration stock Golden Arrow Resources Corporation (CVE:GRG) climbed 10% to $1.01 on Monday after announcing that it has entered into an option agreement to acquire a 100% interest in the Antofalla silver and base metals project in Argentina.
As well, shares of Trevali Mining Corporation (TSE:TV) rose 5% to $0.66 as the base metals miner revealed Q2 production results of approximately 15.2 million payable pounds zinc, 5.6 million payable pounds of lead, and 222,121 payable ounces of silver.
Hillcrest Petroleum Ltd. (CVE:HRH), meanwhile, reported that it has signed a Letter of Intent with an arms-length vendor, whereby the Company will have the right to earn a 75% working interest in 6,200 acres located in the state of Louisiana. Hillcrest Petroleum stock moved up 11% to $0.05 following the announcement.
In addition, shares of Goldeye Explorations Limited (CVE:GGY) jumped 22% to $0.055 as the gold explorer said it has agreed to be acquired by Treasury Metals Inc. (TSE:TML) in an all-stock transaction. Goldeye shareholders will receive 0.100 Treasury Metals shares for each Goldeye common share held.
Finally, Macarthur Minerals Limited (CVS:MMS) shares gained 14% to $0.08 after the junior explorer announced the appointment of David Lenigas as an independent director. Mr. Lenigas is the former Executive Chairman of Rare Earth Minerals plc.
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