Junior Explorer Surges on Gold Assays

Great Thunder Gold Corp. (TSXV: GTG), a junior explorer, climbed after announcing assay and geochemistry results

Sean Mason | July 8, 2016 | SmallCapPower

Speculators took a shine to gold assay results Friday. Here’s some small stocks making big moves on Friday, July 8, 2016 (as of 4 pm EST):

GTG logoGreat Thunder Gold Corp. (TSXV: GTG), a junior explorer, shot up 53% to $0.13 on Friday after announcing assay and geochemistry results from trenched outcrop sampling of gold bearing quartz veins completed in May and June 2016 from the Discovery West Zone at its Valentine Mountain Property in British Columbia. Four select rock samples yielded gold values of 162.8 g/t, 2.3 g/t, 37.9 g/t and 13.6 g/t respectively from fire assay using 30 grams sub-sample sizes and gravimetric methods.

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As well, shares of Intema Solutions Inc. (CVE:ITM) fell 15% to $0.055 as the provider of email marketing designed for small and medium businesses said it has new development and more features to integrate the predictive marketing engine, MatcherAnalytics with major marketing tools on the market.

Mitel Networks Corp. (TSE:MNW), meanwhile, reported that Polycom Inc. has agreed to end its merger pact with Mitel and accepted an offer from private equity firm Siris Capital Group valued at about $2 billion. Mitel will receive a $60 million termination fee. Mitel Networks stock moved 20% to $9.37.

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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