Junior explorer sinks on gold assays

Stockhouse Canadian Small and Micro-cap Stock Report for Thursday, Feb. 27, 2013 TORONTO (SHfn) – True Gold Mining (TSX: V.TGM, Stock Forum) jumped 3.9% to 40 cents Thursday on news that a metallurgical core-drilling program at the Rambo deposit has returned high-grade gold mineralization within the deposit, and confirmed the geometry of a well-defined southwest plunging mineralized shoot. Under current plans, Rambo is expected to be the first producing deposit at the Karma Project, located in Burkina Faso.

Stans Energy Corp. (TSX: V.HRE, Stock Forum) was also up 2.4% to 43 cents after the company announced its strategic objectives for 2013. Stans is a rare earths focused company that three years ago acquired a mining license for the past-producing Kutessy 11 rare earth mine from the Kyrgyz Republic. It bought a related processing plant (KRP) in May, 2011. The company says it is now planning engineering and field programs to put the mine back in production.

Integra Gold Corp. (TSX: V.ICG, Stock Forum) rallied 2.2% to 23 cents after the Vancouver junior released the remaining assay results from a 2012 drill program on the No. 5 Plug at its Lamaque Gold project in Val D’Or, Que. The No. 5 Plug is an exploration target within the North Cluster, 1,000 north of the company’s primary zones, the Triangle and No. 4 Plug. Highlights included 173.4 grams gold per tonne over 3 metres at the No. 5 Plug. The company expects to announce a resource estimate in the second quarter, that will not include the No. 5 Plug.

Giyani Gold Corp. (TSX: V.WDG, Stock Forum), however, sank 10% to 54 cents. The company announced that the first hole drilled as part of their 2013 drilling program confirms and expands a New Gold Zone located on Giyani Gold's Klein Letaba property in South Africa. Hole KL13-21 intersected significant gold values of 6.92 g/t Au over 8.87 m, including 9.6 g/t Au over 5.02 m, expanding the New Gold Zone discovery initially made in September, 2012, the company said.