Junior Explorer Jumps on Gold, Cobalt Sample Results

Decade Resources Ltd. (CVE:DEC), a junior explorer, moved higher after announcing grab sample results on the Bow property in British Columbia

Sean Mason | November 17, 2016 | SmallCapPower

Grab sample results from a junior explorer caught the attention of more than a few speculators Thursday. Here’s some small stocks making big moves on Thursday, November 17, 2016 (as of 4 pm EST):

Decade Resources Ltd. (CVE:DEC) shares climbed 11% to $0.05 on Thursday after the junior explorer reported that it has received ICP results for the drill program on the Bow property in British Columbia’s Skeena Mining Division. Two grab samples with semi-massive arsenopyrite assayed 33.87 and 41.67 g/t gold with a high of 0.49% cobalt in one. The Bow property adjoins the southeast portion of the Pretium Resource property, which hosts the Brucejack Lake gold deposits.

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As well, shares of Great Canadian Gaming Corporation (TSE:GC) slipped 8% to $23.49 as the gaming, entertainment and hospitality facilities operator said a Company insider, Neil Baker, has agreed to sell six million common shares of Great Canadian Gaming.

Keek (CVE:KEK), meanwhile, reported that it has engaged Los Angeles based PMBC Group to lead its product marketing and media initiatives. Keek stock moved up 12% to $1.40 following the announcement.

Finally, Globex Mining Enterprises Inc. (TSE:GMX) shares gained 28% to $0.41 after the mineral explorer/developer announced that it has entered into an agreement in which Natan Resources Ltd. (CVE:NRL) will have an option on Globex’s Montalembert Gold Property in Quebec. Under the terms of the agreement, Natan will pay $2,700,000 and issue 8,500,000 Natan shares to Globex and undertake $15,000,000 in exploration to earn 100% interest in the property.

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