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Exploration junior falls 4% on drilling results

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| March 26, 2013


Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, March 26, 2013  TORONTO (SHfn) –  Following market close Pangolin Diamonds Corp. (TSX: V.PAN, Stock Forum) was unchanged at 12 cents after previously losing 4% in afternoon trading.The diamond exploration company announced the first results from the company's initial drilling program at its Tsabong north project in Botswana, Africa. Independent lab analysis by CF Mineral Laboratories Inc. returned a significant number of high pressure garnets associated with the diamond stability field (the area of the Earth's mantle with the heat and pressure required to produce diamonds).

Atico Mining Corp. (TSX: V.ATY, Stock Forum) slipped nearly 11% to 91 cents. The exploration and development company said that ongoing underground drilling at its El Roble mine project in Colombia has increased the volume of massive sulfide mineralization at the north end of the deposit. Atico's latest drill results have extended the mineralization 360 meters along strike and at least 350 meters below level 2000, the lowest production level at the El Roble mine. Highlights of new drilling results include 49.89 metres grading 2.21% copper, 3.3 grams per tonne gold and 12.93 grams per tonne silver.

Pacific Potash Corp. (TSX: V.PP, Stock Forum) fell 15% to 8.5 cents after the potash-focused company announced the completion of an opinion by Agapito Associates, Inc., a consulting services company, on the feasibility of solution mining in the Amazon Basin. Their report discusses the known geology of the Amazon Basin including depth, grade and thickness of known potash deposits and occurrences. The Agapito report concludes that solution mining on the company's permits is potentially feasible if potash is encountered during exploration drilling, provided that the true thickness of the potash bed(s) exceeds 2 metres, and the grade of the potash exceeds 15% potassium oxide.

Top Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Bear Lake Gold Ltd. (V.BLG, Stock Forum) 100.00%
Big North Graphite Corp. (V.NRT, Stock Forum) 58.33%
Urastar Gold Corp. (V.URS, Stock Forum) 37.14%
Charger Energy Corp. (V.CHX, Stock Forum) 21.74%
Northern Gold Mining Inc. (V.NGM, Stock Forum) 15.15%
Top Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
GC-Global Capital Corp. (V.GDE.A, Stock Forum) -20.00%
Maudore Minerals Ltd (V.MAO, Stock Forum) -16.81%
Argex Titanium Inc. (V.RGX, Stock Forum) -16.35%
Kootenay Silver Inc. (V.KTN, Stock Forum) -16.00%
Pacific Potash Corporation (V.PP, Stock Forum) -15.00%

Tags: INDUSTRIAL METALS & MINERALS STOCKS CANADA CANADIAN

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