Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, September 25, 2013 VANCOUVER (SHfn) –
Integra Gold Corp. (
TSX: V.ICG,
Stock Forum) climbed 5.9% to 18 cents as investors assessed the news that the exploration and development company had completed a mineral resource estimation update for its Lamaque gold project located in Val-d'Or, Québec. Integra announced a 304% increase (when compared to previous resource disclosure) in indicated resources to 661,290 gold ounces, representing 71% of total resources, with an additional 268,870 gold ounces, or 29% of total resources, in the inferred resource category. According to the press release, substantial potential for further resource addition and conversion into indicated resource remains, multiple diamond drills currently operating on project testing potential for new zones and extensions of known zones.
Maritime Resources Corp. (
TSX: V.MAE,
Stock Forum) was up 6.5% to 33 cents. The stock is reacting to news that the 2013 field program had been completed at its Green Bay gold project in north-central Newfoundland and Labrador, Canada. The two main goals for the 2013 program were to further extend the Rumbullion Main vein system through trenching and sampling, and initiate environmental baseline sampling including testing water in the flooded underground mine workings.
"The results from this year's trenching and water sampling programs have been successful in continuing to advance the Green Bay gold project towards a restart of the Hammerdown mine,”
said Eric Norton, President and CEO
. “We are continuing to build upon the very encouraging NI 43-101 resource estimate that was completed earlier this year, by expanding the near surface, high grade gold resource. We have also now taken a good first step on our environmental due diligence work."
Columbus Gold Corp. (
TSX: V.CGT,
Stock Forum) slipped 7.1% to 26 cents after announcing results of its 2013 drilling program at its Bolo gold project, located northeast of Tonopah, Nevada. The 2013 drilling program consisted of 3,475 meters in 19 RC drill holes and was designed to test additional targets and for expansion drilling in the area (South Zone) around discovery drill hole BL-23, which cut 30 meters of 2.38 grams per tonne gold in 2008 drilling. The 2013 drilling in the South Zone at Bolo cut significant intercepts of good grade gold over considerable thicknesses. The highlight was drill hole BL-38, which cut 133 meters from surface of 1.28 grams per tonne gold, which included 30.5 meters of 3.24 grams per tonne gold.
Canada Carbon Inc. (
TSX: V.CCB,
Stock Forum) fell 9.5% to 28.5 cents after announcing that it had closed a non-brokered private placement which raised gross proceeds of $208,000. The net proceeds from the private placement will be used to advance the company's work programs on its Miller hydrothermal lump-vein graphite project, located in Grenville Township, Quebec.
NexGen Energy Ltd. (
TSX: V.NXE,
Stock Forum) lost 16.7% to 30 cents on Wednesday after the uranium-focused company said it had completed eight diamond drill holes using two drill rigs at the Rook 1 project, totaling 1,957 metres of the planned 3,000 metre drill program. The drilling covers an area approximately 700 metres along interpreted extensions of the Patterson Lake South (PLS) 3B conductor and a parallel conductor approximately 800 metres to the east. All holes intersected varying types of structural zones in basement lithologies, ranging from small fractures through to wide heavily brecciated material; maximum downhole width was 38.3 metres in hole RK-13-03. The current 3,000 metre drill program will continue into early October subject to weather conditions. Planning is already underway for a winter campaign testing the immediate area within this zone of drilling.