Junior Gold Stock Jumps on Assay Results

Lincoln Mining Corporation (TSXV: LMG), a junior gold stock, moved up after announcing assay results from its Pine Grove gold property in Nevada

Sean Mason | February 9, 2017 | SmallCapPower

Nevada assays generated a bit of junior gold stock speculation Thursday. Here’s some small stocks making big moves on Thursday, February 9, 2017 (as of 4 pm EST):

Junior gold stock Lincoln Mining Corporation (TSXV: LMG) gained 6% to $0.085 on Thursday after announcing assay results from its step out drilling program on the northern portion of the Wilson gold deposit at its Pine Grove gold property in Nevada, which included 15.2 metres of 5.3 grams per tonne (g/t) gold.

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As well, shares of Golden Dawn Minerals Inc. (TSXV: GOM) rose 11% to $0.36 as the pending gold producer said it has completed a gold purchase agreement with RIVI Capital LLC, and has received US$3 million, with a further US$1 million expected by the week of Feb 20, 2017.

Japan Gold Corp. (TSXV: JG), meanwhile, reported that it has completed first-pass regional exploration of its 13,286 hectare Ikutahara Project in Japan, which hosts 15 historical gold mines and workings. The Company added that historical compilation of channel samples “confirm the potential for discovery of high grade epithermal gold/silver mineralization at the Ryuo mine.” Japan Gold stock moved up 16% to $0.37 following the announcement.

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