Caribou King Resources (V.CKR) up 10% on assay results

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| November 18, 2013

Stockhouse Canadian Small and Micro-cap Stock Report for Monday, November 18, 2013 VANCOUVER (SHfn) –  

Caribou King Resources Ltd. (TSX: V.CKR, Stock Forum) rose 10% to six cents a share after the junior explorer announced assay results from multiple new graphite vein and large flake discoveries at its Buckingham graphite property, located in southwestern Quebec in the Central Metasedimentary Belt of the Grenville Geologic Province. Total graphite contents up to 81% graphite were obtained in grab samples collected from subcrops detected through Beep Mat surveys that were recently conducted on the property.

Pilot Gold Inc. (TSX: T.PLG, Stock Forum) was up 8.3% to 91 cents. The stock is reacting to news that the exploration and development company announced that the 2013 program returned the highest-grade intercept in more than 1,300 holes drilled to date at the Kinsley Mountain project, located in Elko County, Nevada. Highlights from the drilling results included over 36.6 metres grading 8.53 grams per tonne gold, including over 7.6 metres  of 29.43 grams per tonne gold. "Prior operators believed Kinsley mineralization was restricted to past-producing, northwest trending structural corridors and hosted primarily in the Candland Shale,” said Moira Smith, Chief Geologist.  “However, today's breakthrough drill results confirm that Kinsley's gold mineralization is also controlled by north and north-northeast trending structures and hosted within a limestone and shale sequence beneath the Candland Shale. We believe these results support district-scale potential at Kinsley."

Azincourt Uranium Inc. (TSX: V.AAZ, Stock Forum) slipped 1.7% to 29 cents as investors assessed the news that the resource company announced an update on its geophysical surveys and drill target selection at their Patterson Lake North property in Canada's Athabasca Basin. A number of high priority drill targets have now been selected for the winter drill program. Approximately eight to 10 drill targets are planned for testing with the 2,500 metre to 3,000 metres 2014 diamond drill program. Drill targets are selected and prioritized based on the presence of EM basement conductors where a coincident resistivity low signature has been defined and often near an interpreted cross-cutting structural feature. Azincourt has a staged, four year option agreement with Fission Uranium Corp. (TSX: V.FCU, Stock Forum) dated April 29, 2013 whereby Azincourt can earn up to a 50% interest in the Patterson Lake North Property through a combination of option payments and exploration work funding.

Renegade Petroleum Ltd. (TSX: V.RPL, Stock Forum) fell 2.9% to 99 cents after the oil and gas junior announced its third quarter results ended Sept. 30, 2013. During the quarter Renegade achieved average production of 7,464 barrels of oil equivalent per day, up 5.0% from the second quarter of 2013. During the quarter the company reported a net loss of 4.96 million, compared to a net loss of 4.05 million in the third quarter of 2012.
Minera IRL Ltd. (TSX: T.IRL, Stock Forum) lost 7.1% to 20 cents after the precious metals mining company reported that a total of 3.55 million options were granted to directors and executives, pursuant to the Minera IRL Incentive Stock Option Plans, which were re-approved by shareholders on July 10, 2013.

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Angel Gold Corp. (V.ANG, Stock Forum) 300.00%
Mason Graphite Inc. (V.LLG, Stock Forum) 24.19%
OPSENS Inc. (V.OPS, Stock Forum) 23.29%
Petrolympic Ltd. (V.PCQ, Stock Forum) 22.45%
Redline Communications Group Inc. (T.RDL, Stock Forum) 19.30%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
IBI Group Inc. (T.IBG, Stock Forum) -32.80%
Sirocco Mining Inc. (T.SIM, Stock Forum) -25.25%
PRD Energy Inc. (V.PRD, Stock Forum) -11.45%
Strategic Oil & Gas Ltd. (V.SOG, Stock Forum) -9.20%
TAG Oil Ltd. (T.TAO, Stock Forum) -9.11%

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