Market Movers: Global Energy Metals Plans Development at Millennium Cobalt Project

On Wednesday, Global Energy Metals Corp (TSX-V:$GEMC) released its plans for exploration and development activities at the Millennium cobalt project at Mt. Isa, Australia. The program is expected to commence during the first week of November.

CMC Metals Ltd (TSX-V:$CMB) has released results from the 843-meter drilling program completed in July at its Silver Hart silver-zinc-lead property in southwest Yukon. Results included two meters of 750 g/t silver and 5.97% lead.

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Argentina Lithium & Energy Corp (TSX-V:$LIT) has initiated its first drilling and subsurface brine sampling program at the Arizaro lithium project in Argentina. Arizaro covers 20,500 hectares and is located in Salta province. Three to four drill holes are planned with depths of up to 400 meters, based on targets defined by the previously completed geophysical survey.

Legend Gold Corp (TSX-V:$LGN) saw its share price jump by 72% following a letter of intent to sell the company to Altus Strategies PLC, a U.K.-based prospect generator listed on AIM.

Rye Patch Gold Corp (TSX-V:$RPM) shares rose by 17% following an announcement that Q3 gold production at its Florida Canyon mine in Nevada increased by 13% to 7,982 ounces.

Kesselrun Resources Ltd. (TSX-V:$KES) shares climbed 19% after the company announced that a grab sample assayed 15.7 g/t gold from its Huronian gold project in Ontario.

Featured Image: globalenergymetals.com