Feb. 19, 2009 (Baystreet.ca) --
MISSISSAUGA, ON, February 19, 2009 -- AllPennyStocks.com
Media, Inc. (http://www.AllPennyStocks.com),
a leading penny stock / small-cap information site, released its February 19th Canadian
Penny Stock Movers.
Canadian Penny Stocks in Play:
Skyline Gold Corp.: announced results of its Preliminary Assessment (PA) technical report on its Bronson Slope deposit in north western British Columbia's 'golden triangle'. The report comprises an economic analysis of the deposit and includes a mine plan and project cost estimate showing positive economics and a basis for further advancement of the project. Since 1990, more than 30 geological, engineering, design, and environmental reports, including the N.I. 43-101 compliant resource, have been prepared on the Bronson Slope deposit and serve as a technical baseline for the PA. The N.I. 43-101 compliant resource for Bronson Slope contains an estimated 2.6 million oz. of gold in a 225 million tonne Measured and Indicated resource grading an average of 0.36 g/t gold, 2.22 g/t silver, 0.14% copper, and 0.0077% molybdenum.
Skyline Gold Corp. (TSX-Venture: SK) closed up $0.015 at $0.06 or in percentage terms, the Company was up 33% on the technical report announcement.
Azimut Exploration Inc.: announced significant progress following the 2008 field program on the North Rae and Daniel Lake properties in Nunavik, Quebec. Results further confirm the large-scale uranium mineralized system discovered in 2006 on these two properties covering a 50 x 60 km area. To date, 12 mineralized zones have been outlined at surface with a cumulative length of 17 km and grades up to 3.3% U3O8. These zones show an excellent spatial correlation with uranium anomalies identified during airborne surveys covering the two properties.
Azimut Exploration Inc. (TSX-Venture: AZM) closed down $0.05 at $0.55. The Company was down 8% on the recent progress announcement.
To read these and other Canadian Penny Stocks in Play every weekday, investors are encouraged to click on the link located here: http://www.allpennystocks.com/aps_ca/stocksinplay.aspx.
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