Resource Explorer Powers Higher on Assay Results

Arizona Mining Inc. (TSE:AZ), a resource explorer, moved up after announcing drill results from its Hermosa Project

Sean Mason | September 8, 2016 | SmallCapPower

Zinc-silver assays boosted a resource explorer Thursday, while gold results glistered. Here’s some small stocks making big moves on Thursday, September 8, 2016 (as of 4 pm EST):

Arizona Mining Inc. (TSE:AZ) shares surged 16% to $2.40 on Thursday after the resource explorer announced drill results from its 100% owned Hermosa Project in Arizona, which included a 105 foot thick zone that assayed 13.65% zinc, 10.33% lead, 0.30% copper, and 3.36 ounces per ton silver.

As well, shares of Transat A.T. Inc. (TSE:TRZ) slipped 8% to $6.50 as the integrated tourism company said its third-quarter adjusted net income fell 91% to $2.5 million, while revenue for the quarter decreased 5.9% to $663.6 million.

Win Big With Our Small Cap Picks


NuLegacy Gold Corporation (CVE:NUG), meanwhile, reported assay results from five reverse circulation holes drilled during August on its 100% owned Iceberg oxide gold deposit in Nevada, which included 2.16 grams per tonne gold over 21.3 meters. NuLegacy Gold stock moved up 33% to $0.42 following the announcement.

Finally, Algold Resources Ltd. (CVE:ALG) shares climbed 11% to $0.355 after the gold explorer announced more results from its Phase I 10,000-meter drilling campaign carried out on its Tijirit property in Mauritania, which included 3 metres of 30.03 g/t gold.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

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.