A new gold find grabbed the attention of more than a few speculators Tuesday, while assays boosted the shares of some other explorers.
Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, November 3, 2009
TORONTO (SHfn) – A new gold find grabbed the attention of more than a few speculators Tuesday, while assays boosted the shares of some other explorers.
Ventana Gold (TSX: T.VEN, Stock Forum) shares jumped 12% to $10.11 on Tuesday after the explorer reported drill results from a hole targeted at a comparable structure to the La Mascota zone on the La Bodega gold project in Colombia, which included 14 metres grading 14.18 grams per tonne (g/t) gold, starting at a depth of 296 metres.
As well, shares of Exceed Energy (TSX: V.EX, Stock Forum) moved up 44% to 13 cents as WestFire Energy Ltd., a private oil and gas company with operations in Alberta and Saskatchewan, said it has entered into an arrangement agreement whereby WestFire will acquire all of the outstanding shares of Exceed and apply for the listing of its shares on a recognized Canadian stock exchange. Each Exceed share will be exchanged for 0.01 of a WestFire share. It is expected that up to 645,225 WestFire common shares will be issued pursuant to the arrangement.
Silver Quest Resources (TSX: V.SQI, Stock Forum), meanwhile, announced results from an infill geochemical soil survey conducted during September on the Capoose-Silver Trend property in British Columbia. Three of the samples with at least 20 g/t silver were collected along grid line 9+00N, one of which assayed 55.3 g/t silver. Silver Quest stock popped 7.6% to 21 cents.
Shares of Tarsis Resources (TSX: V.TCC, Stock Forum) powered 22% higher to 30 cents after the junior miner reported assay results from Phase III of its 2009 exploration program at its 100% owned Prospector Mountain property in the Yukon. Highlights from this sampling included 82.8 g/t gold, 299 g/t silver, and 1.49% copper.
And, CriticalControl Solutions (TSX: T.CCZ, Stock Forum) Tuesday announced that CriticalControl Energy Services Inc., a wholly-owned subsidiary of CriticalControl incorporated in Delaware, has acquired all of the outstanding shares of Gas Analytical Service, Inc. (GAS) for US$10 million effective November 1, 2009. GAS is a provider of natural gas measurement services based in Bridgeport, WV with field offices in Indiana, PA and Canonsburg, PA. CriticalControl shares climbed 7% to 59 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4:30 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
