This as other explorers also shone on assay news Wednesday
Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, March 3, 2010
TORONTO (SHfn) – Trelawney Mining and Exploration (TSX: V.TRR, Stock Forum) shares surged 98% to $1.15 after the micro cap miner reported results from recent drilling on its Chester Project located halfway between Timmins and Sudbury in northern Ontario. Highlights included 107.11 metres of 8.20 grams per tonne (g/t) gold.
As well, shares of Oro Gold Resources (TSX: V.OGR, Stock Forum) gained 15% to 55 cents as the junior explorer announced assay results from recent drilling on its 100% owned Trinidad property near Mazatlan, Mexico, which included 11.9 g/t gold over 40.9 metres.
BCGold (TSX: V.BCG, Stock Forum), meanwhile, reported that gold assay results have been received from recent underground channel sampling on four veins at its historic Engineer Mine Property in British Columbia. Channel samples containing variable amounts of visible electrum, a gold-bearing silver mineral, collected from accessible underground vein exposures on Level 5 assayed up to 794.02 g/t gold and 642.33 g/t silver, across vein widths up to 0.5 metres (or 264.68 g/t gold and 214.11 g/t silver over a 1.5 metre minimum mining width). BCGold stock popped as much as 54% to 10 cents.
And, Argonaut Exploration (TSX: V.AGA, Stock Forum) late Tuesday announced surface sample results for the M&M showing at its 100% owned, Terrace Properties at Terrace, British Columbia. Rock chip sampling at the M&M Showing returned multiple silver assays of up to 2,470 g/t silver. Its shares jumped 23% to 19 cents on Wednesday.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
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