Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, January 18, 2012
TORONTO (SHfn) – Goldrush Resources (TSX: V.GOD, Stock Forum) shares surged 27% to 19 cents on volume of nearly three million shares Wednesday after the micro cap explorer reported the results from five reverse circulation holes of a 98 hole RC and 18 hole diamond drilling fill-in program on its Ronguen Gold Deposit in Burkina Faso, West Africa, which included 8.77 grams per tonne (g/t) gold over 23 metres.
As well, shares of Wind River Energy (TSX: V.WVR, Stock Forum) gained 33% to 28 cents on more than 1.6 million shares traded as the oil and gas explorer/developer announced results from the 51-101 reserve report on certain of its properties, including its Phat City project in Montana, which projects a potential recoverable oil resource in the Nisku formation of between 156,000 to 838,000 barrels of oil per well and estimates between 125 and 170 Nisku wells could be drilled within the Phat City Project. That equates to between $145 million and $2.278 billion in net present value for Wind River from the Nisku formation of the Phat City Project alone, according to the company.
Mad Catz Interactive (TSX: T.MCZ, Stock Forum), meanwhile, said it has entered into a PlayStation Accessory Licensing Agreement with Sony Computer Entertainment Japan, a division of Sony Computer Entertainment Inc. The agreement permits Mad Catz to manufacture and distribute products designed for use with the PlayStation3 computer entertainment system and the PlayStation Vita portable entertainment system throughout Japan. Mad Catz stock popped 20% to 78 cents.
Shares of Saturn Minerals (TSX: V.SMI, Stock Forum) climbed 32% to 27 cents after the resource company reported that it has signed a Memorandum of Understanding with a private Saskatchewan-based coal to liquid fuels development company to develop an exclusive coal supply agreement. Saturn will retain an exclusive right to supply a minimum of seven million tons of sub-bituminous coal (or the equivalent energy content from other types of coal) on an annual basis to the Coal Partner's project by way of production, acquisition or joint venture, for a minimum period of 25 years.
And, Northern Freegold Resources (TSX: V.NFR, Stock Forum) Wednesday announced the first National Instrument 43-101 resource estimate for its Revenue Deposit in the Yukon, which equates to a total Inferred Resource of 3.7 million gold equivalent ounces at a grade of 1.1 g/t gold equivalent. Northern Freegold shares jumped 33% to 28 cents on volume of more than one million shares.
| Top Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern) |
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