Junior miner jumps on drilling latest

Stockhouse Canadian Small and Micro-cap Stock Report for Friday, Feb. 22, 2013 TORONTO (SHfn) –

TomaGold Corp. (TSX: V.LOT, Stock Forum) was up 34% to 21.5 cents on Friday. The company said it can now monitor drilling via a smartphone app at its Monster Lake property in Chibougamau, Que., where a 3,500-metre drilling program is currently underway. On February 20, 2013, TomaGold and Quinto Real Capital Corp. (TSX: V.QIT, Stock Forum) announced the results of the first three holes of a 2,500 program. Highlights included 42 grams per-tonne over 7.2 metres at a vertical depth of 278 metres, prompting the company to add another 1,000 metres to the program. TomaGold said the smartphone app can be downloaded free of charge from CoreShackMedia’s website.

Critical Elements Corp. (TSX: V.CRE, Stock Forum) jumped 15% to 23.5 cents on news that a company director has arranged a sale of 500,000 shares at $0.205 each to a European institution through the facilities of the TSX Venture Exchange. Proceeds of the sale will be used to fund a private placement of seven million units of the company at 20 cents each. Proceeds are earmarked for working capital and to pursue a feasibility study at the wholly-owned Rose lithium-tantalum project in Quebec.

Samaranta Mining Corp. (TSX: V.SAX, Stock Forum) was up 14% to $0.04 after the company said it is “cleaning house” to build a stronger better company. Samaranta said it wishes to advise that Volkmar Hable has been terminated as the company’s executive vice-president, mining and exploration, effective immediately. In an early press release, Samaranta confirmed that the board received Hable’s resignation as a director on February 12, 2013.