Junior Explorer Climbs on Exploration Update

Beaufield Resources Inc. (CVE:BFD), a junior explorer, moved up after announcing that Urban-Windfall drilling will begin in January

Sean Mason | January 6, 2017 | SmallCapPower

Drilling plans sparked speculation in a junior explorer Friday. Here’s some small stocks making big moves on Friday, January 6, 2017 (as of 4 pm EST):

Beaufield Resources Inc. (CVE:BFD) shares jumped 18% to $0.10 on Friday after the junior explorer announced that new drill permits have been received and drilling in the Urban-Windfall district is scheduled to resume in January 2017.

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As well, shares of Nippon Dragon Resources Inc. (CVE:NIP) gained 17% to $0.07 as the gold explorer said it has obtained an independent report following a test on a mine site located in the Abitibi region of Quebec to determine the efficiency of the thermal fragmentation mining method, which the Company claimed showed that its system is much less energy intensive than estimated and, therefore, allows its mining method to be even more competitive.

CO2 Solutions Inc. (CVE:CST), meanwhile, reported the completion of the performance assessment of rotating packed bed (RPB) equipment in the context of the further reduction of carbon capture costs utilizing its enzymatic technology. The Company added that “significant potential capital cost reduction for carbon capture plants is achievable.” CO2 Solutions stock moved up 3% to $0.17 following the announcement.

Finally, Laramide Resources Ltd. (TSE:LAM) shares rose 11% to $0.37 after the uranium junior said it has closed its previously-announced acquisition of the Churchrock and Crownpoint properties in New Mexico.

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