Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, April 11, 2011
TORONTO (SHfn) – TomaGold Corp. (TSX: V.LOT, Stock Forum) soared 128% to 80 cents Wednesday after its Monster Lake project in Chibougamau, Que., coughed up a high grade intersection in a single drill hole. TomaGold said it intersected 5.7 metres grading 237.6 grams gold per tonne in hole M-12-60, which is part of an 18-hole program that aims to demonstrate continuity and confirm the northern extension of the Annie Zone.
Mountain lake Resources Inc. (TSX: V.MOA, Stock Forum) also rose 20% to 36 cents after the junior tabled drill results from its Valentine Lake property in central Newfoundland. Highlights include high grade intervals of up to 109.9 grams per tonne (3.2 ounces) gold within a broader 18-metre interval of 13.81 grams per tonne (0.4 ounces) gold. The Valentine Lake property is a 50/50 joint venture between Mountain Lake and Marathon Gold Corp. (TSX: T.MOZ, Stock Forum).
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