SXL mentioned on Stockhouse newsSXL heads the post -market news on the front of Stockhouse.
One speculative resource play seemed like a 'slam' dunk Thursday, while a software stock popped on financial results.
Stockhouse Canadian Small and Micro-cap Stock Report for Thursday, February 12, 2009
TORONTO (SHfn) - One speculative resource play seemed like a 'slam' dunk Thursday, while a software stock popped on financial results.
SLAM Exploration (TSX: V.SXL, Stock Forum) shares surged 25% to 2.5 cents on Thursday after the micro cap miner said it has received a draft 43-101 Technical Report and resource estimate for its wholly-owned Nash Creek Project in New Brunswick. Using a 2% Zinc Equivalent cut-off and after mill recoveries are factored in, it is estimated that the Nash Creek deposit contains an indicated resource of 7,807,900 tonnes grading 2.72% zinc, 0.55% lead, and 18.26 grams per tonne (g/t) silver, plus an inferred resource of 1,211,700 tonnes grading 2.66% zinc, 0.52% lead, and 18.00 g/t silver.
https://www.stockhouse.com/Community-News/2009/February/12/Junior-explorer-jumps-on-silver-zinc-estimate