Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, January 11, 2012
TORONTO (SHfn) – PC Gold (TSX: T.PKL, Stock Forum) shares surged 64% to 36 cents on volume of more than 2.5 million shares Wednesday after the micro cap miner reported that the 2011 fall drill program has identified a new vein at shallow depths in the Shaft 3 area at its 100% owned Pickle Crow Property in northwestern Ontario, which included 444.38 grams per tonne (g/t) gold over 1.50 metres.
As well, shares of St. Elias Mines (TSX: V.SLI, Stock Forum) sank 41% to 84 cents with more than 7.8 million shares traded after the junior explorer announced results from diamond drilling completed at the Tesoro Gold Project in Peru, which included 0.74 metres of 23.50 parts per million gold.
"I believe that complete results received from the Phase I drilling at Tesoro will be more representative than the partial results reported here, however, it is important to note that the results so far indicate the system is mineralized to depth" said St. Elias President Lori McClenahan.
PARTA Dialogue (TSX: V.PAD, Stock Forum), meanwhile, reported the official Beta phase launch of its e-Value social media analytics tool with several major Canadian brands as testers and evaluators of the service. PARTA stock popped 36% to 15 cents.
And, Tajiri Resources (TSX: V.TAJ, Stock Forum) Wednesday announced the receipt of results for its multi-element and precious metal analyses generated from its Phase 1 exploration program on its Inca silver-lead-zinc property in the Yukon Territory, which included silver grades up to 8593.5 g/t, gold grades up to 8.20 g/t, and the identification of five polymetallic soil anomalies. Tajiri shares rose 60% to 12 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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