Almadex Minerals Limited (CVE:AMZ), a junior explorer, climbed after announcing assay results from its El Cobre porphyry copper-gold project
Sean Mason | August 16, 2016 | SmallCapPower
Gold and copper assays sparked investor interest in a junior explorer Wednesday. Here’s some small stocks making big moves on Wednesday, August 17, 2016 (as of 4 pm EST):
Almadex Minerals Limited (CVE:AMZ) shares surged 25% to $1.10 on Wednesday after the junior explorer announced further assay results from diamond drill hole EC-16-010 on the Norte Zone of its 100% owned El Cobre porphyry copper-gold project in Mexico, which included 62.00 meters of 0.86 g/t gold and 0.33% copper.
As well, shares of Focus Graphite Inc. (CVE:FMS) rose 3% to $0.165 as the graphite explorer released results obtained from the 2014 core drilling program at its wholly-owned Lac Tétépisca graphite project in Québec, which included 22.4 metres grading 17.3% graphitic carbon from 36.8 metres to 59.2 metres.
Minfocus Exploration Corp. (CVE:MFX), meanwhile, reported what it called the successful completion of its first drilling program on its CORAL zinc project in British Columbia. The Company added that drill Hole C16-9 intersected “two encouraging zones of visible zinc mineralization.” Minfocus Exploration stock moved up 100% to $0.06 following the announcement.
Finally, Elcora Advanced Materials Corp. (CVE:ERA) shares climbed 14% to $0.37 after the vertically integrated graphite & graphene company announced that it has developed proprietary technology in order to reduce or eliminate several stages of the lithium ion battery anode manufacturing process.
Hi, did you know SmallCapPower accepts blog submissions? You can contact me here
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source.