Stockhouse Canadian Small and Micro-cap Stock Report for Friday, August 5, 2011
TORONTO (SHfn) – Prosperity Goldfields Corp. (TSX: V.PPG, Stock Forum) rose 66% to 73 cents Friday after the company said drilling is progressing well at its 100%-owned Kiyuk gold project in Nunavut. Prosperity said it is on track to complete 3,500 metres of drilling by the end of August. Assays from a suite of over 500 grab samples include values ranging from below detectable levels to as high as 36 grams per tonne.
Bonterra Resources Inc. (TSX: V.BTR, Stock Forum) was up 3% to 17.5 cents on news that the junior has completed a 40-hole drilling program on its Eastern Extension property in Quebec. Bonterra said is currently awaiting assays for eight drill holes, all of which intersected smoky quartz veins mineralized with sulphides. The company has also sent over 4,000 samples to the assay lab in Val d’Or, Que. The company said it hopes to table a resource calculation for the property later this year.
Tigris Uranium Corp. (TSX: V.TU, Stock Forum) was unchanged at 23.5 cents after the company said the TSX Venture Exchange has approved the company’s graduation to Tier 1 issuer status, a move that takes effect on August 5, 2011. The company said it has entered into a bill of sale with Chairman William Sherriff and President Janet Lee-Sheriff for the assignment of certain mining leases located in McKinley County, New Mexico, contiguous to the company’s McKinley property.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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