Wesdome Gold Mines Ltd. (TSX: WDO), a junior gold miner, glistered after announcing drill results from its Eagle River Mine
Sean Mason | January 26, 2017 | SmallCapPower
More than a few speculators took a shine to a junior gold miner Thursday. Here’s some small stocks making big moves on Thursday, January 26, 2017 (as of 4 pm EST):
Wesdome Gold Mines Ltd. (TSX: WDO) shares climbed 15% to $2.70 on Thursday after the junior gold miner announced recent underground drilling results from the 300E Zone at its wholly-owned Eagle River Mine near Wawa, Ontario, which included 28.72 g/t gold uncut (19.03 g/t cut) over 20.67 metres true width.
As well, shares of HPQ Silicon Resources Inc. (TSXV: HPQ) surged 28% to $0.185 as the junior exploration company said it has achieved what it called “significant scaling milestones,” which included a 9,000% increase in the bench test sample size as well as a 300% increase in capacity of the Lab Scale PUREVAP Reactor.
SelectCore Ltd. (TSXV: SCG), meanwhile, reported that it signed a non-binding letter of intent with First Global Data Corp. to form a joint venture between the two organizations. First Global Data will inject float capital of $600,000, and own 51% of the joint venture. Revenues will be shared between the two companies on a 50/50 basis. SelectCore stock popped 85% to $0.24 following the announcement.
Finally, Eguana Technologies Inc. (TSXV: EGT) shares powered 40% higher to $0.33 after the provider of power conversion and control systems for distributed energy storage announced that it is collaborating with Bosch on the Home Battery System project for cybersecure predictive energy efficiency and demand response.
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