Stockhouse Canadian Small and Micro-cap Stock Report for Monday, November 30, 2009
TORONTO (SHfn) – Three small gold and silver plays moved sharply higher on assay results Monday, while a JV boosted a copper/moly stock.
American Creek Resources (TSX: V.AMK, Stock Forum) shares climbed 29% to 22 cents on Monday after the micro cap miner and Teuton Resources (TSX: V.TUO, Stock Forum) reported the first batch of assay results comprising 14 of 32 holes from the 2009 drill program conducted at the Treaty Creek Project in British Columbia, which included gold intersections as high as 5.44 grams per tonne (g/t) over 14.5 metres and silver intersections as high as 2,280.00 g/t over 0.50 metres. Teuton shares added 3% at 20.5 cents.
As well, shares of Aura Silver Resources (TSX: V.AUU, Stock Forum) shot up 10% to 28 cents as the junior explorer along with its joint venture partner Intrepid Mines (TSX: T.IAU , Stock Forum) announced the extension of the silver zone in its Higo Blanco trend in the Taviche District in Mexico, which included an intersection of 36.6 meters of 303.7 g/t silver equivalent.
Aquila Resources (TSX: T.AQA, Stock Forum), meanwhile, reported gold and silver assay results from the recently implemented drilling program at the Back Forty Project in Michigan's Upper Peninsula, which included 20.2 meters of 11.5 g/t gold and 119.7 g/t silver. Aquila stock popped 54% to 37 cents.
Shares of Taseko Mines (TSX: T.TKO, Stock Forum) surged 13% to $3.60 after the miner said it has signed a letter of intent with Sojitz Corporation to establish by early 2010 a joint venture over Taseko's Gibraltar copper/molybdenum mine, in which Taseko will hold 75% and Sojitz 25%. Sojitz will pay approximately $180 million to Taseko for its 25% interest. Taseko will continue to be the operator of Gibraltar.
And, Berens Energy (TSX: T.BEN, Stock Forum), after Friday’s close, announced initial test results from its 15-21-50-12 W5M Pembina Cardium horizontal oil well in Alberta (Berens 60% working interest), which produced 1,250 bbl/day of oil at the end of a three-day test period. The well will be placed on production in early December, 2009. Berens shares moved up 23% to $1.95 on Monday.
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