Gold Explorer Jumps on Visible Gold Intersection

Cache Exploration Inc. (CVE:CAY), a gold explorer, moved higher after announcing that its drilling program at the Kiyuk Lake project has recovered visible gold

Sean Mason | August 31, 2017 | SmallCapPower

Visible gold likely looked good for shareholders of a gold explorer Thursday. Here’s some small stocks making big moves on Thursday, August 31, 2017 (as of 4 pm EST):

Cache Exploration Inc. (TSXV: CAY) shares powered 15% higher to $0.15 on Thursday after the gold explorer announced that its drilling program at the Kiyuk Lake project in Nunavut has recovered visible gold during detailed logging of Drill Hole KI17-001 in the Rusty Zone, although assays are as yet outstanding.

 

As well, shares of Orocobre Limited (TSX: ORL) added 13% at $3.83 as the lithium producer said it earned a fiscal 2017 profit of US$19.4 million, driven by record production of 11,862 tonnes of lithium carbonate.

Canyon Copper Corp. (TSXV: CNC), meanwhile, reported grab sample results from a recent site visit to the Bootleg Lake gold and VMS base metals project in Saskatchewan, which included one sample of 183 g/t gold. Canyon Copper stock popped 29% to $0.11 following the announcement.

Finally, Castle Silver Resources Inc. (TSXV: CSR) shares rose 14% to $0.21 after the resource junior announced that it continues to advance its Castle Silver-Cobalt Project near Gowganda, Ontario, with a total of 22 drill holes (2,405 meters) completed from surface.

To find out more about Castle Silver Resources, please visit the company’s Investor Hub.

Ubika Research/SmallCapPower has received compensation from Castle Silver to provide analyst research coverage. For full disclosure please visit here >>

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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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