Stockhouse Canadian Small and Micro-cap Stock Report for Monday, February 27, 2012
TORONTO (SHfn) – Eagle Hill Exploration (TSX: V.EAG, Stock Forum) shares climbed 13% to 17 cents on volume of more than 6.3 million shares Monday after the micro cap explorer reported drill results from five other completed drill holes testing the Mallard and the Caribou zones at the Windfall Lake Property in Quebec, which included 22.85 grams per tonne (g/t) gold over 25.0 meters.
As well, shares of Pan Orient (TSX: V.POE, Stock Forum) shot up 25% to $4.24 as the oil and gas producer/explorer announced that the L53-DST3 appraisal well in Thailand is currently on a 90-day production test flowing 38 API degree oil at a rate of 1,200 barrels per day through 8.8 meters of perforations between 1,142.7 meters to 1,163.2 meters true vertical depth (TVD), within an interpreted gross hydrocarbon bearing interval extending from 1,119 meters to 1,187 meters TVD with approximately 20 meters TVT of net oil pay.
Malaga (TSX: T.MLG, Stock Forum), meanwhile, reported an updated reserve and resource calculation compliant with National Instrument 43-101 at its Pasto Bueno tungsten mine in Peru. Proven and probable reserves increase to 195,880 tonnes, while Measured and Indicated resources increase by 104% to 814,096 tonnes, and Inferred resources reach 4.2 million tonnes. Malaga stock popped 10% to 16 cents.
And, Silver Predator (TSX: T.SPD, Stock Forum) Monday announced results from its nine hole 2011 drilling program at the Siltstone Zone of its Rusty Project in the Yukon, which included 5.4 metres of 1,008 g/t silver, 22.27% lead, and 3.88% zinc. Silver Predator shares rose as much as 14% to 44.5 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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