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Top 10 at 10: Which gold explorer just hit a bonanza?

Among the markets winners early, gold explorer Greenstone Resources (ASX:GSR), and rare earth element play OD6. … Read More
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This article was originally published by Stockhead

The ASX has opened higher for the first day of December on the back of a strong rally in New York.  By 10:30am AEDT, the ASX 200 was up by 1.07%.

Wall Street surged higher after US Federal Reserve chair boss Jerome Powell signalled the pace of rate hikes in the US will slow down starting this month.

Bond yields dropped and equities surged on his comments – the S&P 500 was up by 2.10%, the Dow by 1.32% and tech-heavy Nasdaq by 3.10%.

Powell explained that inflation in the US remains too high, but rate hikes must be slowed down because prior rate increases have yet to take their full effect.
 

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code Company Price % Volume Market Cap
MGG Mogul Games Grp Ltd 0.002 33% 404,605 $4,895,161.81
DAL Dalaroo Metals 0.135 23% 537,256 $3,286,250.00
GSR Greenstone Resources 0.03 20% 6,230,370 $26,864,474.40
RLC Reedy Lagoon Corp. 0.013 18% 80,000 $6,131,696.03
MPG Many Peaks Gold 0.33 18% 15,578 $9,506,560.00
AUH Austchina Holdings 0.007 17% 103,554 $12,220,996.39
CTO Citigold Corp Ltd 0.007 17% 151,500 $17,001,954.55
RC1 Redcastle Resources 0.014 17% 271,742 $3,429,409.86
BDM Burgundy D Mines Ltd 0.295 16% 51,562 $88,317,769.73
CUF Cufe Ltd 0.016 14% 300,000 $13,525,573.11

Gold exploration and development company Greenstone Resources (ASX:GSR) has announced its Phase-1 drill campaign already returning multiple high-grade drill intersections at its flagship Burbanks Gold Project in WA. Results include:

  • BBRC371D: 7 metres @ 57.84g/t Au from 90 metres, including:
    1 metre @ 375g/t Au from 90 metres
  •  BBRC373D: 3 metres @ 4.18g/t Au from 17 metres, including:
    1 metre @ 10g/t Au from 19 metres
  •  BBRC371D: 2 metres @ 5.88g/t Au from 38 metres

LOSERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code Company Price % Volume Market Cap
WKT Walkabout Resources 0.11 -36% 1,707,623 $104,357,200
MEB Medibio Limited 0.001 -33% 100,000 $4,980,891
99L 99 Loyalty Ltd 0.012 -25% 3,000 $18,554,924
OD6 OD6 Metals 0.55 -13% 1,555,975 $31,331,215
ASP Aspermont Limited 0.02 -13% 925,704 $55,871,439
MRQ Mrg Metals Limited 0.004 -11% 3,437,500 $8,806,764
OPY Openpay Group 0.21 -11% 4,725 $54,717,464
MOM Moab Minerals Ltd 0.009 -10% 1,600,575 $6,819,635
RFXDA Redflow Limited 0.3 -9% 23,091 $58,833,168
FDR Finder 0.105 -9% 112,947 $8,625,000

OD6 Metals (ASX:OD6) reported final assay results from its recently completed drilling campaign at Splinter Rock Project, northeast of Esperance in WA, which contains high-grade clay hosted rare earth element (REE) mineralisation.

Results included grades up to 3,862 ppm total rare earths oxides (TREO).  Two additional prospects were defined, in addition to the original four significant prospects previously reported.

The post Top 10 at 10: Which gold explorer just hit a bonanza? appeared first on Stockhead.





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