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Canadian Penny Stocks in Play:
Victoria Gold Corp.: announced gold exploration results from the BRL Venture in Guyana, a joint venture with Newmont Overseas Exploration Limited, a subsidiary of Newmont Mining Corporation that exceeded the expectations of the company. Project A covers an area of approximately 16 square kilometers (km2). Gold mineralization appears within anticlines and thrust faults. The highest soil sample grade was 13.0 g/t gold and the highest quartz vein sample returned 33.8 g/t gold. Project B is characterized by a large structural break/shear zone that cuts through the target. Gold mineralization at this target appears to be widespread and also occurs in other sub-parallel structural zones. The highest soil grade returned 22.1 g/t gold.
Victoria Gold Corp. (TSX-Venture:VIT) closed up $0.045 at $0.375 or 14% while Newmont Mining Corp. (NYSE:NEM) closed up $1.00 at $42.14 on the gold exploration results announcement.
Stem Cell Therapeutics Corp.: announced that the Company has received a No Objection Letter from Health Canada for the modified REGENESIS protocol using NTx-265 for a Phase IIb clinical trial treating acute ischemic stroke. This satisfying development can be directly attributed to the perseverance and strong belief of all the SCT staff that NTx-265 will, in the future, redefine the therapies available to patients recovering from acute ischemic stroke, traumatic brain injury, and neurological disease.
Stem Cell Therapeutics Corp. (TSX-Venture:SSS) closed up $0.015 at $0.16 or 10% on the Health Canada clearance announcement.
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