Stockhouse Canadian Small and Micro-cap Stock Report for Thursday, June 16, 2011
TORONTO (SHfn) – Aura Silver Resources (TSX: V.AUU, Stock Forum) shares powered 15% higher to 23 cents on Thursday after the micro cap explorer released preliminary observations on its ongoing 4,000-metre drill program at its Greyhound property in Nunavut. Several holes intersected broad zones of disseminated sulfide associated with strong silicification, each typically from 25 to 30 metres in core length. Locally, up to 2% arsenopyrite (a key indicator for gold), 4% sphalerite (zinc), minor chalcopyrite (copper) and traces of galena (lead, possibly associated with silver) have been recorded (all assays are pending).
As well, shares of Creso Exploration (TSX: V.CXT, Stock Forum) slid 23% to 17 cents as the junior miner announced the notification received from Hunter Dickinson Resources Ltd. that they will not proceed with the joint venture transaction as defined in the Letter Agreement announced on April 29, 2011.
Golden Dory Resources (TSX: V.GDR, Stock Forum), meanwhile, reported that field work has begun on the 232 claim Pequop South Project in Nevada. A fall drill program will test the highest priority targets. Golden Dory stock popped 17% to 14 cents.
And, Silver Sun Resource (TSX: V.SSU, Stock Forum) Thursday said it has increased its interest in the Cherry Hill Gold Mining Company to a total of 100% by acquiring an additional 31.85% interest. Silver Sun shares added as much as 9% at 49 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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