Alix Resources (V.AIX) up 20% on acquisition news

Stockhouse Editorial
0 Comments| February 5, 2014


Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, February 5, 2014 VANCOUVER (SHfn) –  
 
Alix Resources Corp. (TSX: V.AIX, Stock Forum) rose 20% to three cents on after the mineral exploration company announced it has acquired claims covering 1,710 hectares in the rapidly emerging copper-gold porphyry district, known as Sheslay Valley, of northwestern BC. Purchase price of these claims, from a non arms length vendor, is three million shares.

Eastmain Resources Inc. (TSX: T.ER, Stock Forum) was up 14.6% to 47 cents. The stock is reacting to news of the exploration-stage company’s drill assay results from 2013 drilling on its Clearwater project, located in the James Bay region of Québec. Assay highlights from drill holes 513 to 531, include 38 intersections with an average grade of 15.8 grams per tonne gold and 22.2 grams per tonne tellurium over an average thickness of 3.83 metres. Multiple, exceptional gold-bearing intersections, with respect to both grade and thickness, were intersected in these drill holes.

Integra Gold Corp. (TSX: V.ICG, Stock Forum) rose 2.5% to 20.5 cents after the resource junior commenced a drill hole cementing program at the Lamaque gold project in Val-d'Or, Québec. The company remains committed to its accelerated development schedule and will continue to de-risk the project by way of various value-adding initiatives. With the potential for underground exploration commencing as early as 2015, it is imperative that certain steps including the cementing and sealing of recent and historic drill holes be completed in a timely fashion. The other three operating diamond drill rigs on the Lamaque project are conducting infill drilling and testing for extensions of mineralization in and around the Triangle Zone.

Eastern Platinum Ltd. (TSX: T.ELR, Stock Forum) slipped 5.6% to 8.5 cents after the platinum group metal producer reported that John Andrews has resigned as a director of Eastplats and its subsidiary companies.

High North Resources Ltd. (TSX: V.HN, Stock Forum) lost 6.7% to 48.5 cents as investors assessed the news that the explorer has begun receiving sales revenue from the company's first two Montney horizontal wells. Wells 9-2-76-21W5M and 16-2-76-21W5M are flowing oil with combined preliminary rates exceeding a total of 350 barrels of oil per day over a seven day period. In addition, the solution gas is being flared after recovery of a nominal amount of condensate.


Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Citation Resources Inc. (V.CTT, Stock Forum) 87.50%
Zenyatta Ventures Ltd. (V.ZEN, Stock Forum) 8.54%
Alaris Royalty Corp. (T.AD, Stock Forum) 7.93%
Perpetual Energy Inc. (T.PMT, Stock Forum) 6.96%
Silver Standard Resources Inc. (T.SSO, Stock Forum) 6.67%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Savant Explorations Ltd. (V.SVT, Stock Forum) -66.67%
Acrex Ventures Ltd. (V.AKV, Stock Forum) -66.67%
Expedition Mining Inc. (V.EXU, Stock Forum) -50.00%
Resinco Capital Partners Inc. (V.RIN, Stock Forum) -50.00%
Northern Iron Corp. (V.NFE, Stock Forum) -40.00%


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