Stockhouse Canadian Small and Micro-cap Stock Report for Friday, June 29, 2012
TORONTO (SHfn) – Barkerville Gold Mines (TSX: V.BGM, Stock Forum) shares shot up 49% to $1.21 on volume of more than 7.2 million shares Friday after the gold junior announced a NI 43-101 compliant, indicated resource estimate for the Gold Quartz open pit model on Cow Mountain in British Columbia, which shows 10,626,100 ounces of contained gold at an average grade of 5.28 grams per tonne. (Please click here for full story)
As well, shares of WesternZagros Resources (TSX: V.WZR, Stock Forum) rose 10% to 91 cents on more than 1.9 million shares traded as the oil and gas producer/explorer provided an operational update on drilling operations at the Kurdamir-2 well in Iraq, which has reached final total depth of approximately 4,000 metres within the Cretaceous-age Shiranish reservoir. Oil shows with associated elevated mud gas readings were recorded over the entire Shiranish section penetrated. The company anticipates reporting test results of the Shiranish testing program throughout July and August.
Allied Gold Mining Plc (TSX: T.ALD, Stock Forum), meanwhile, said it has reached an agreement whereby St Barbara Limited will acquire all issued and outstanding shares of Allied Gold for a purchase price of A$1.025 in cash and 0.8 St Barbara shares for each Allied Gold share held. Allied Gold Mining stock popped 69% to $2.45.
And, Woulfe Mining (TSX: V.WOF, Stock Forum) Friday clarified that there is no extra 60 days in the deal with its strategic partner and it is on track, moving forward under the terms outlined in the agreement announced on February 28, 2012. Woulfe Mining shares jumped 14% to 20 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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