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Junior explorer surges on gold results

Sean Mason Sean Mason, Freelance
0 Comments| January 17, 2013

Stockhouse Canadian Small and Micro-cap Stock Report for Thursday, January 17, 2012   

TORONTO (SHfn) – Otis Gold (TSX: V.OOO, Stock Forum) shares powered as much as 38% higher before closing up 7% to 15.5 cents on volume of more than 2.1 million shares Thursday after the micro cap explorer reported results of a recently-completed 2012 fall drill program conducted at its Kilgore Gold Deposit in Idaho, which included 121.9 metres of 1.04 grams per tonne (g/t) gold.  

As well, shares of New Zealand Energy (TSX: V.NZ, Stock Forum) fell 14% to $1.02 as the oil and gas producer/explorer provided an update on its exploration and production activities in the Taranaki Basin of New Zealand's North Island. The Waitapu-2 began continuous production at the end of December 2012, and produced at an average rate of 151 barrels of oil per day over the first two weeks of January. As well, the three Copper Moki wells have collectively produced at an average rate of 273 barrels of oil per day over the first two weeks of January.

CanAlaska Uranium (TSX: T.CVV, Stock Forum), meanwhile, announced its acquisition of three claim  groups, totaling 6,687 hectares, located in the Patterson Lake area of the western Athabasca basin in Saskatchewan. The company added that it is currently looking for a Joint Venture partner to participate with exploration in this area. CanAlaska stock shot up 44% to 28 cents.  

And, Alexco Resource (TSX: T.AXR, Stock Forum) Thursday reported fourth-quarter silver production of 595,823 ounces, approximately 16% higher than the previous quarter. Alexco Resource shares added 5% at $4.04.    

Top Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Pyng Medical Corp. (V.PYT, Stock Forum) 70.00%
Rodinia Oil Corp. (V.ROZ, Stock Forum) 55.56%
Nuvolt Corporation Inc. (V.NCO, Stock Forum) 50.00%
PetroFrontier Corp. (V.PFC, Stock Forum) 47.06%
Champion Bear Resources Ltd. (V.CBA, Stock Forum) 46.67%
Top Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
ArPetrol Ltd. (V.RPT, Stock Forum) -50.00%
Infinito Gold Ltd. (V.IG, Stock Forum) -42.86%
Odesia Group Inc. (V.ODS, Stock Forum) -32.35%
Guyana Frontier Mining Corp. (V.GYG, Stock Forum) -28.57%
Twoco Petroleums Ltd. (V.TWO, Stock Forum) -25.00%

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