Stockhouse Canadian Small and Micro-cap Stock Report for Monday, February 6, 2012
TORONTO (SHfn) – Yukon-Nevada Gold (TSX: T.YNG, Stock Forum) shares climbed 20% to 36.5 cents on volume of more than 3.9 million shares Monday after the gold miner reported that it has restarted production following commissioning of a new ore dryer, fine-crushing conveying system and Distributed Control System at its wholly-owned Jerritt Canyon gold operation in Nevada. The forecast for February 2012 plant production is an average of 3,300 tons per day and production of 9,000 ounces of gold.
As well, shares of Pinestar Gold (TSX: V.PNS, Stock Forum) shot up 33% to 14 cents as the micro cap explorer said it has successfully negotiated an access agreement with the owners of the surface rights over the Lajualas gold-silver vein system on the Becker property in Chile. The company added that it will now immediately start road construction to provide access for a diamond drill program on the Lajualas system, which is expected to start later this month.
Trevali Mining (TSX: T.TV, Stock Forum), meanwhile, announced recent diamond drilling results at the Stratmat zinc-lead-silver-copper deposit in the Bathurst Mining Camp of New Brunswick, which included 13.3 metres at 7.54% zinc, 2.48% lead, 0.43% copper, 72.4 grams per tonne (g/t) silver, and 0.93 g/t gold. Trevali stock popped as much as 12% to $1.45 on more than 1.7 million shares traded.
And, Helio Resource (TSX: V.HRC, Stock Forum) Monday reported the final results from the 2011 drill programs on the Gold Kop and Leatherman Targets on its DGP Gold Project in Namibia, which included eight metres at 3.2 g/t gold. Helio shares added 13% at 31 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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