Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, March 22, 2011
TORONTO (SHfn) – Mustang Minerals (TSX: V.MUM, Stock Forum) shares jumped 125% to 27 cents on Tuesday after the micro cap miner reported a new drill discovery of platinum and palladium mineralization at its 100% owned Mayville Property in Manitoba. Diamond drill Hole MAY11-07 intersected 9.15 meters at an average grade of 9.5 grams per tonne (g/t) combined platinum and palladium from a 55.5 metre depth.
As well, shares of Hunt Mining (TSX: V.HMX, Stock Forum) moved up 21% to 35 cents as the junior explorer announced results from the ongoing diamond drilling program at the La Josefina Project in Argentina, which included 1.94 meters grading 135.31 g/t gold, 39.72 g/t silver, and 6.51% lead.
Semcan (TSX: V.STT, Stock Forum), meanwhile, said it has been awarded a $4.2 million project for completion by March 2012. The current backlog of confirmed purchase orders is now approximately $23.4 million, an increase of $5.9 million from the backlog announced on November 30, 2010 of $17.5 million. Semcan stock popped as much as 92% to 12.5 cents.
And, Victoria Gold (TSX: V.VIT, Stock Forum) late Monday reported that a recently completed mineral resource estimate for its Eagle Gold Deposit in the Yukon has resulted in an increase in the "Indicated" mineral resources for the deposit to 4.827 million ounces of gold, an increase of 50% over the previous (2010) NI 43-101 compliant mineral resource estimate. Victoria shares rose 16% to 87 cents on Tuesday.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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