Junior gold stocks – Some big moves
A couple junior gold exploration stocks have had some tremendous moves this week off drill results.
First off on Tuesday: Cadillac Mining (CQX) reported a nice drill hole at the Goldstrike property in Utah. The stock has a low float out with only 27 million shares outstanding and did over 10 million in volume. The share price moved from 8 cents and closed the day at 29 after touching 50 on the day.
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Cadillac Mining drills 82 m of 1.2 g/t Au at Goldstrike
2012-02-21 06:34 PT – News Release
Mr. Victor Erickson reports
CADILLAC MINING INTERSECTS 1.25 G/T GOLD OVER 82 METERS; CONFIRMS SIGNIFICANT MINERALIZATION AT GOLDSTRIKE
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Today: Gold Standard Ventures (GV) is up 30% today to 1.60. Gold Standard has already traded 4 million in volume.
Gold Standard drills 56.4 m of 4.26 g/t Au at Railroad
2012-02-22 05:32 PT – News Release
Mr. Jonathan Awde reports
GOLD STANDARD DISCOVERS HIGH GRADE GOLD IN UPPER PART OF MAIN TARGET ZONE AT RAILROAD PROJECT IN CARLIN TREND
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It is good to see some hot money flow back into the junior sector and these kind of moves off good exploration results.
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