Junior explorer up 462% on gold discovery news

Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, Feb. 20, 2013 TORONTO (SHfn) –

TomaGold Corp. (TSX: V.LOT, Stock Forum) soared 65.2% to 19 cents Wednesday after it and Quinto Real Capital Corp. (TSX: V.QIT, Stock Forum) tabled results from the first three holes of a 2,500-metre drill program at the Monster Lake property southwest of Chibougamau, Que. Highlights from three high-grade gold intersections include 42 grams per tonne across 7.2 metres at a vertical depth of 278 metres. “This major discovery will take our assessment to a whole new level at Monster Lake, which has never been drilled to a depth of more than 125 metres,’’ said TomaGold President and CEO David Gordon.

Quinto Real Capital was up 462% to 22.5 cents on the news, after 436,000 shares changed hands. The company has an option to acquire a 70% interest in the Monster Lake property.

Samaranta Mining Corp. (TSX: V.SAX, Stock Forum) jumped 43% to $0.05 after trading in the stock resumed. Samarium Group Holding Ltd. said this week it will commence a tender offer to purchase at least 51% of the issued and outstanding shares of Samaranta. Singapore-based Samarium said it will pay 12 cents a share plus one full warrant at 16 cents, plus another full two-year warrant at 50 cents. Samarium said it will also grant Samaranta a loan of $5.6 million to help fund exploration at the company’s flagship Guadulupe project in Colombia.