Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, April 2, 2013 TORONTO (SHfn) – South American Silver Corp. (TSX: V.MMY, Stock Forum) climbed 19.4% to 21.5 cents as investors assessed the news that mineral exploration company had intersected over 3.7 metres of 12.19 grams per tonne gold within a larger interval of 11.9 metres, averaging 4.39 grams per tonne gold at the Escalones copper-gold project in Chile. The gold mineralization is within a larger "gold-only" intercept of 50.2 metres averaging 1.16 grams per tonne gold located above the large copper-gold skarn that comprises part of the 3.8 billion pound copper resource. Assays are pending for the remainder of the hole.
Touchstone Exploration Inc. (TSX: V.TAB, Stock Forum) jumped 6.4% to 25 cents on Tuesday after the petroleum and natural gas company said it had resumed the 2013-drilling program, which is scheduled for April 8, 2013. The drilling program has up to 12 additional wells planned in San Fernando, Trinidad. Current field estimated production is approximately 2,550 barrels of oil per day. The 2013 exit production guidance is approximately 3,000 to 3,300 barrels of oil per day.
Brigus Gold Corp. (TSX: T.BRD, Stock Forum) lost 2.4% to 80 cents. The gold producer announced additional drilling results from its ongoing drill program at its Black Fox Complex in Timmins, Ontario. The highlights included 34.85 metres grading 5.2 grams per tonne gold and 14.0 metres grading 10.6 grams per tonne gold. Brigus currently has four drill rigs turning to build a resource suitable for underground mining.