Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, October 12, 2011
TORONTO (SHfn) – Alix Resources (TSX: V.AIX, Stock Forum) shares jumped 36% to 17 cents on Wednesday after the micro cap miner reported results from 2011 drilling at the Golden Zone Breccia Pipe deposit at its gold-silver-copper property in Alaska, which included 256.0 meters grading 1.50 grams per tonne (g/t) gold, 12.15 g/t silver, and 0.11% copper.
As well, shares of First Uranium Corporation (TSX: T.FIU, Stock Forum) moved up 35% to 31 cents as the miner said uranium production rose 76.8% from 20,361 pounds in Q1 2012 to 36,006 pounds in Q2 2012, while gold sales increased 17.7% from 34,438 ounces in Q1 2012 to 40,529 ounces in Q2 2012.
Olympus Pacific Minerals (TSX: T.OYM, Stock Forum), meanwhile, announced results from surface trenching within its Bau Central Project in Sarawak, East Malaysia, which included 41.35 metres of 3.47 g/t gold. Olympus Pacific Minerals stock popped 24% to 34 cents.
Shares of Coro Mining (TSX: T.COP, Stock Forum) gained 24% to 31 cents after the junior explorer reported assay results from the remaining two holes of its recent four hole diamond drilling program completed at the Nacho Zone of its 100% owned Chacay porphyry copper project in Chile, which included 144 meters of 0.67% copper.
And, EnerGulf Resources (TSX: V.ENG, Stock Forum) Wednesday said it will receive an additional 5% to 9% working interest in Block 1711, offshore Namibia. This will increase EnerGulf's working interest from 10% to a minimum of 15% and a maximum of 19%. EnerGulf shares powered 25% higher to 75 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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