Gold Explorer Jumps on Mexico Assay Results

Mexican Gold Corp. (CVE:MEX), a gold explorer, glistered after releasing assay results from its Las Minas property in Mexico

Sean Mason | November 14, 2017 | SmallCapPower

A few speculators took a shine to drill results from a gold explorer in Mexico Tuesday. Here’s some small stocks making big moves on Tuesday, November 14, 2017 (as of 4 pm EST):

Mexican Gold Corp. (TSXV:MEX) shares climbed 14% to $0.36 on Tuesday after the gold explorer released assay results for resource expansion Hole LM-17-ED-40 at its Las Minas property in Mexico, which included 54.0 meters grading 6.91 grams per tonne gold equivalent.

 

As well, shares of Theratechnologies Inc. (TSX:TH) slid 12% to $6.49 as the specialty pharmaceutical company said it was notified by its partner, TaiMed Biologics, that the U.S. Food and Drug Administration (FDA) will extend its review of the Biologics License Application for ibalizumab to April 3, 2018.

GTA Resources and Mining Inc. (TSXV:GTA), meanwhile, reported that it has completed the acquisition of the Big Duck Lake gold property in northern Ontario, subject to an NSR, and will begin an initial drill program on the property. GTA Resources and Mining stock move up 29% to $0.045 following the announcement.

Finally, International Prospect Ventures Ltd. (TSXV:IZZ) shares gained 25% to $0.30 after the junior explorer announced that it has entered into an agreement with a New South Wales, Australia company, pursuant to which the two companies will jointly acquire certain mining claims located in Western Australia, in an area southeast of Karratha where Novo Resources Corp. made several early-stage gold discoveries, each with an undivided 50% interest.

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Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

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