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Junior exploration stock pops on graphite intersection

Sean Mason Sean Mason, Freelance
0 Comments| June 4, 2012

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Stockhouse Canadian Small and Micro-cap Stock Report for Monday, June 4, 2012

TORONTO (SHfn) – Canadian Platinum (TSX: V.CPC, Stock Forum) shares climbed 65% to 14 cents on Monday after the micro cap explorer said it has identified what it calls “the presence of a thick sequence of graphitic argillite” on its Peter Lake Project in Saskatchewan.

As well, shares of PC Gold (TSX: T.PKL, Stock Forum) added 10% at 23 cents as the junior miner reported further results from the 2012 drill program, targeting the newly identified No. 22 Vein area in the Shaft 3 area at the Pickle Crow project in northwestern Ontario, which included 10.73 grams per tonne (g/t) gold over 4.30 metres.

Astur Gold (TSX: V.AST, Stock Forum), meanwhile, announced that it has signed a collaboration agreement with the Fund for the Protection of Wild Animals. The Asturian NGO will advise Astur Gold on its activities relating to the environment, with special emphasis on preservation, enhancement, and biodiversity values of the area in which the Salave mining project is planned. Astur Gold stock popped 11% to $1.

And, Canada Lithium (TSX: T.CLQ, Stock Forum) Monday said it has received a mining licence from Québec's Ministère Des Ressources Naturelles et de la Faune for its Québec Lithium Project. Canada Lithium shares surged 25% to 47 cents on volume of more than 3.2 million shares traded.

Top Canadian Small/Micro-cap Advancers (as of 2 PM Eastern)
Top Canadian Small/Micro-cap Decliners

To read more articles by Sean Mason please click here



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