Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, August 17, 2011
TORONTO (SHfn) – Claude Resources (TSX: T.CRJ, Stock Forum) shares surged 18% to $1.94 on Wednesday after the gold junior reported new exploration results from its new hanging wall discovery at its 100% owned and operated Seabee Gold Mine in Saskatchewan, which included 39.8 grams/tonne (g/t) gold over 10.0 metres true width.
As well, shares of BCGold (TSX: V.BCG, Stock Forum) gained 50% to 13.5 cents as the micro cap explorer provided an update for the current Phase I exploration and development program at its Engineer Mine property in British Columbia. The first bulk sample of 50 tonnes was sourced by surface trenching the Double Decker Vein where recent assay results have returned up to 979 g/t gold.
Labopharm (TSX: T.DDS, Stock Forum), meanwhile, said it has entered into a definitive agreement pursuant to which Paladin Labs (TSX: T.PLB, Stock Forum) will acquire all of the issued and outstanding common shares of Labopharm at a price of 28.57 cents per share in cash. Labopharm stock popped 62% to 27.5 cents.
And, Metals Creek Resources (TSX: V.MEK, Stock Forum) Wednesday reported the commencement of a five hole, 800 meter diamond drill program on its 85% owned Tillex Copper Project 65 km east of Timmins, Ontario. The purpose of this program is to further delineate copper mineralization within the historic Tillex Copper Deposit as well as to further define the copper mineralization at depth. Metals Creek shares jumped 28% to 11.5 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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