Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, August 17, 2010
TORONTO (SHfn) – Golden Harp Resources Inc. (TSX: V.GHR, Stock Forum) jumped 43% to 15 cents Tuesday after the junior said it has signed a letter of intent permitting Mineral Mountain Resources Ltd. (TSX: V.MMV, Stock Forum) to earn a 60% stake in its wholly-owned Copper Hill “Main Block” gold property in Ontario’s Shining Tree mining camp, about 100 kilometres south of Timmins.
New Guinea Gold Corp. (TSX: V.NGG, Stock Forum) rose 25% to 10 cents. The junior said exploration crews intersected high grade gold while drilling below the Southern Oxide Pit at the Sinivit Mine in Papua New Guinea. Highlights include a 12- metre intersection grading 10.28 grams gold per tonne, and 1.85 grams copper per tonne. “At this time, we do not know the extent of this mineralisation, or its mineralogy, which will determine how it can be processed,’’ said New Guinea chief executive officer Bob McNeil. Further results from the Southern Oxide pit are expected to be released within the next two weeks.
Serica Energy Plc (TSX: V.SQZ, Stock Forum) shares fell 30% to 70 cents after the United Kingdom company released an update on its offshore drilling efforts in the Central North Sea and Indonesia. The company said logging data indicates that no hydrocarbons were present in the sands located in the Oates exploration well in Block 22/19c in the North Sea. As a result the well will be plugged and abandoned as a dry hole. The company said it expects to begin drilling the Dambus well in offshore Indonesia by early September.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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