Stockhouse Canadian Small and Micro-cap Stock Report for Thursday, June 25, 2009
TORONTO (SHfn) – Some shareholders were tickled pink by silver/zinc assays Thursday, while oil and gas drilling stirred speculators.
Sabina Silver (TSX: V.SBB, Stock Forum) shares jumped as much as 10% to $1.02 on Thursday after the micro cap miner reported further results from the initial 2009 drilling campaign on its 100% owned Hackett River silver-zinc project in Nunavut, which included 26.2% zinc and 457 grams per tonne (g/t) silver over 8.8 meters.
As well, shares of Quetzal Energy (TSX: V.QEI, Stock Forum) added 26% at 17 cents as the junior explorer announced that the Atzam #3 well in Guatemala has been spudded with a targeted total depth of 4,200 feet and located approximately 500 meters east of the productive Atzam #2 well.
Gold Star Resources (TSX: V.GXX, Stock Forum), meanwhile, said its recent acquisition of International Resource Strategies Liberia Energy boosts the Canadian oil exploration firm's plans to develop new hydrocarbon deposits in Liberia. Gold Star stock popped as much as 12% to 14 cents.
And, Temex Resources (TSX: V.TME, Stock Forum) Thursday reported it has entered into an option agreement with three individuals granting the company the right to earn a 100% interest in 60 mining claim units covering 2400 acres adjacent to property held by West Timmins Mining (TSX: T.WTM, Stock Forum). Temex shares climbed 20% to 27 cents.
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