Stockhouse Canadian Small and Micro-cap Stock Report for Friday, September 3, 2010
TORONTO (SHfn) – Atlanta Gold (TSX: V.ATG, Stock Forum) shares climbed 25% to 17.5 cents on Friday after the micro cap explorer reported that drill core for the second completed intermediate depth hole (hole D10026E21) at its Atlanta gold property in Idaho indicates that there are two significant intercepts (core widths of 219 feet and 743 feet (67 and 226 metres, respectively) of visible sulfide and alteration mineralization. Assay results for hole D10026E21 are expected in September and pending receipt of these results, no assumptions should be made as to the potential grade of the assays.
As well, shares of New Millennium Capital (TSX: V.NML, Stock Forum) added 11% at $1.05 as the junior miner said it has reached an agreement with the Innu Matimekush-Lake-John First Nation for the immediate removal of the barricades that were blocking access to New Millennium's property and for the formal recommencement of negotiations of a detailed Impact and Benefit Agreement for the Direct Shipping Ore Project in the Schefferville area.
AM Gold (TSX: V.AMG, Stock Forum), meanwhile, announced that its non-brokered private placement originally announced August 5, 2010, has been oversubscribed and that the company has agreed to increase the size of the placement to 6.3 million units, or $1.89 million. AM Gold stock popped 19% to 46.5 cents.
And, Caza Oil & Gas (TSX: T.CAZ, Stock Forum) Friday reported that scheduled drilling has begun on the initial test well at the Windham (Wolfberry) prospect in Upton County, Texas. The well is designed to drill to approximately 11,500 feet to test the Spraberry and Wolfcamp (Wolfberry) formations and should take approximately 35 days to drill. Caza shares rose as much as 10% to 39.5 cents.
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