Stockhouse Canadian Small and Micro-cap Stock Report for Thursday, February 17, 2011
TORONTO (SHfn) – Batero Gold Corp. (TSX: V.BAT, Stock Forum) jumped 34% to $3.92 Thursday on drill results from the company’s 100%-owned Batero-Quinchia project in Columbia. Highlights include what the company described as the most significant intercept to date. Drill Hole 8 returned 591.50 metres grading 0.72 grams gold per tonne and 0.13% copper. With four rigs in operation, the company wants to define the mineralized extent of porphyry bodies found in 2006.
Copper Fox Metals Inc. (TSX: V.CUU, Stock Forum) was up 24% to $1.29 after the junior said it intends to complete a non-brokererd private placement, raising $3.75 million in flow-through funds. Subject to regulatory approval, proceeds will be used to finance a resource estimate and feasibility study at the Schaft Creek polymetallic deposit in northwestern British Columbia, north of Smithers.
Canadian Arrow Mines Ltd. (TSX: V.CRO, Stock Forum) gained 9% to 12.5 cents. The junior said it has completed the purchase of a 100% interest in Blackstone Ventures Inc.’s (TSX:V.BLV, Stock Forum) interest in the Kenbridge Nickel Project. The property is located in Northwestern Ontario, about 70 kilometres southeast of Kenora. Under a revised deal, Canadian Arrow will make a cash payment of $250,000 and issue $250,000 units priced at $0.0776 each.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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