Stockhouse Canadian Small and Micro-cap Stock Report for Friday, June 15, 2012
\TORONTO (SHfn) – Pacific North West Capital (TSX: T.PFN, Stock Forum) shares climbed 18% to 10 cents on Friday after the micro cap explorer announced a NI 43-101 resource estimate for its 100% owned River Valley PGM Project near Sudbury, Ontario, which showed a Measured and Indicated resource of 2.46 million ounces Platinum Group Metals (PGM) plus gold, as well as an Inferred resource of 614,000 ounces PGM plus gold.
As well, shares of Cortez Gold (TSX: V.CUT, Stock Forum) gained as much as 12% to 14.5 cents as the junior miner said it has begun construction to complete the gold-silver processing plant situated in Matehuala, Mexico.
Lumina Copper (TSX: V.LCC, Stock Forum), meanwhile, reported that its Board of Directors has initiated a strategic review process to enhance shareholder value, which could include a sale of the company or part of its assets, or a possible merger with another corporate entity. Lumina Copper stock popped 14% to $8.90.
And, San Gold (TSX: T.SGR, Stock Forum) late Thursday reported an updated mineral resource and mineral reserve estimate for its 100% owned Rice Lake Project in Manitoba, which showed a 93% increase in Inferred mineral resources to 3.5 million ounces of gold. San Gold shares slipped 14% to $1.03 on volume of more than 3.8 million shares Friday.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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