Zinc Junior Jumps on New Discovery

Callinex Mines Inc. (CVE:CNX), a zinc junior, announced a new discovery at its Pine Bay Project in Manitoba

Sean Mason | October 18, 2016 | SmallCapPower

A discovery that included gold, silver, and copper sparked much speculation in a zinc junior Tuesday. Here’s some small stocks making big moves on Tuesday, October 18, 2016 (as of 4 pm EST):

Callinex Mines Inc. (CVE:CNX) shares powered 53% higher to $0.55 on Tuesday after the zinc junior announced a new zinc, gold, silver and copper discovery at its Pine Bay Project in Manitoba, which included 10.3 metres grading 13.1% zinc equivalent mineralization.

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As well, shares of Heron Resources Limited (TSE:HER) slipped as much as 15% before ending unchanged at $0.13 as the resource project developer said it has provided further assay results from the drilling program recently completed at its wholly-owned Woodlawn Project in Australia, which included 8 metres at 28% zinc equivalent from 107 metres.

Northern Empire Resources Corp. (CVE:NM), meanwhile, reported assay results from rock chip-channel samples collected from the wall of the historically mined Democrat Pit of its Richardson Property in Alaska, which included 5.73 g/t gold and 29.8 g/t silver over a sample length of 32 meters from 98 to 130 meters. Northern Empire Resources stock moved up 24% to $0.18 following the announcement.

Finally, Forum Uranium Corp. (CVE:FDC) shares gained 12% to $0.095 after the uranium explorer announced results from its summer drill program on the road accessible 100% owned Karpinka project in Saskatchewan, which intersected values of up to 87ppm uranium.

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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