Golden Tag Resources Ltd (OTCMKTS:GTAGF) has not been in the news this week but on Thursday the company’s stock emerged as a notable gainer and ended the day with gains of as much as 8%.
Considering the fact that there was no news it might be a good move to take a look at an announcement from the company back on September 8. At the time, the company revealed that it had received the entirety of the results with regards to the diamond drill hole 21-57. The drilling initiative in question was part of a larger exploration programme that was meant for targeting the bulk tonnage mineralization at the San Diego project.
The San Diego project is situation in Durango Mexico and is entirely owned by Golden Tag Resources. The President and Chief Executive Officer of the company Greg McKenzie spoke about the results as well. He stated that the company was pleased at the fact that it had managed to make as many as two discoveries from the initiative. However, at the same time, it is difficult to say for certain whether the latest rally in the stock was driven by the announcement from Golden Tag Resources on September 8.
