Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, December 2, 2009
TORONTO (SHfn) – Gold and silver drill results generated much speculation Wednesday, while a copper play also garnered some attention.
Strongbow Exploration (TSX: V.SBW, Stock Forum) shares jumped 37% to 13 cents on Wednesday after the micro cap miner announced results from a recent exploration program on its wholly-owned Shovelnose gold property in British Columbia, which included a 2.9 metre interval that returned 66.9 grams per tonne (g/t) gold and 75 g/t silver.
As well, shares of Sunridge Gold (TSX: V.SGC, Stock Forum) added 12% at 67 cents as the junior explorer reported assay results for the first four diamond drill holes from the 2009 drill program at its 100% owned Debarwa high-grade copper-gold-zinc volcanogenic massive sulphide deposit in Eritrea, which included 15.67 metres grading 10.21% copper and 2.01 g/t gold.
Aurcana (TSX: V.AUN, Stock Forum), meanwhile, reported third-quarter consolidated net sales of $5.2 million, a profit from operations including corporate expenses of $0.4 million, and an overall profit of $2.3 million after the effects of a foreign exchange gain of $1.9 million. Aurcana stock popped 28% to 32.5 cents.
And, Intrinsyc Software International (TSX: T.ICS, Stock Forum) Wednesday said that Destinator GPS Navigation is available on Samsung Omnia Pro smartphones in Brazil. The Microsoft Windows Mobile based smartphones with Destinator preloaded are being sold through the dealer and retail store network of Vivo, a wireless carrier with more than 43 million subscribers. Its shares climbed 18% to 10 cents.
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