Zinc Explorer Surges on Drill Results

Tinka Resources Limited (CVE:TK), a zinc explorer, jumped after announcing drill results from its Ayawilca deposit in Peru

Sean Mason | April 3, 2017 | SmallCapPower

New drill results sparked much speculation in a zinc explorer Monday. Here’s some small stocks making big moves on Monday, April 3, 2017 (as of 4 pm EST):

Tinka Resources Limited (TSXV: TK) shares powered 23% higher to $0.69 on Monday after the zinc explorer announced new results from the first two holes of the 10,000 metre 2017 drill program at its Ayawilca deposit in Peru, which included 51.9 metres of 10.1% zinc and 62 g/t silver, as well as 14.9 metres of 20.6% zinc and 152 g/t silver.

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As well, shares of Oncolytics Biotech Inc. (TSX: ONC) climbed 17% to $0.70 as the biotechnology company said its drug REOLYSIN showed statistically significant improvement in overall survival in a Canadian Cancer Trials Group sponsored randomized Phase 2 Study for the treatment of metastatic breast cancer.

Snipp Interactive Inc. (TSXV: SPN), meanwhile, reported that its Q1/2017 revenue is forecast to exceed the revenue for Q1/2016, and cash-flow breakeven is expected to be reached sometime during the second half of 2017. Snipp Interactive stock popped 93% to $0.135 following the announcement.

Finally, New West Energy Services Inc. (TSXV: NWE) shares gained 100% to $0.05 after the oil and gas environmental services company announced that its third-quarter revenue rose 8% to $4 million.

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