Stockhouse Canadian Small and Micro-cap Stock Report for Friday, April 15, 2011
TORONTO (SHfn) – Calibre Mining (TSX: V.CXB, Stock Forum) shares climbed 23% to 19 cents on Friday after the micro cap explorer reported results from the first hole of the 2011 drill program at its 100% owned Riscos de Oro property in Nicaragua, which included 10.25 grams per tonne (g/t) gold and 288.25 g/t silver over 5.4 metres.
As well, shares of Balmoral Resources (TSX: V.BAR, Stock Forum) rose as much as 20% to $1.86 as the junior miner announced drill results from its Martiniere Gold Project in Quebec, which included 10.51 g/t gold over 9.72 metres.
South American Silver (TSX: T.SAC, Stock Forum), meanwhile, clarified recent media coverage regarding the potential for the Government of Bolivia to "recover" operatorship control of certain state-owned mines. South American Silver's 100% owned Malku Khota project has also been a private investment since its discovery by the company in 2003 and has never had any COMIBOL (the Bolivian State Mining Corporation) involvement in the project. The company confirms that its concessions covering over 50 square kilometers are in good standing with the government. South American Silver stock popped 14% to $2.39.
And, Anglo Canadian Oil (TSX: V.ACG, Stock Forum) Friday said it is in the final stages of licensing two wells in its Kindersley/Dodsland area of Saskatchewan. Targeting both the Bakken and Mannville formations, the company said these potential oil wells are expected to spud in early summer, pending the necessary approval and equipment availability. Anglo Canadian shares surged as much as 15% to 23.5 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
To read more articles by Sean Mason please click here