There were a number of stocks which started the week off on a strong note and one of those was the BrightRock Gold Corp (OTCMKTS:BRGC) stock, which delivered gains of as much as 7%.
Trading Data
On Monday, BRGC stock surged 6.83% to $0.3614 with more than 86.70K shares, compared to its average volume of 91.29K shares. The stock moved within a range of $0.3001 – 0.3698 after opening trade at $0.3383.
BrightRock Gold Corp Announces Significant Lithium and Rhodium Results From XRD and XRF Testing at the Midnight Owl Lithium Project
The company came into the limelight yesterday after it announced that there were high grade XRF and XRD results from the exploration initiative at the Midnight Owl Lithium Project. The project in question is situated not too far away due east from Wickenburg in Arizona. It should also be noted in this regard that back on November 21 this year the company had announced that it had deployed the Z-903 LIBS Analyzer for the advanced XRD testing.
The company announced yesterday that it had been successful in identifying as many as seven targets spread across five main locations at the project. The Midnight Owl project is spread across an area of 1400 acres. That being said it was also noted by BrightRock Gold that flooding had hampered the work at the Midnight Owl project.
Hence, testing at the site is going to be conducted later on. However, the latest announcement was a positive one and it would be a good time to keep the stock in your watch lists.
Key Quote
Commenting on the Company’s test results, Mac J. Shahsavar, P.Eng. Chief Executive Officer of BrightRock, said “Even though we couldn’t complete all targets the company is extremely pleased with the results obtained. Multiple results around the water source have indicated significant and consistent Lithium mineralization matching what was noted in historical production records. Our team was also pleasantly surprised by the consistent bonanza grade levels of Rhodium. These results will assist tremendously in the decision making process behind planned permitting, road construction, and core drilling ahead, consisting of up to 12 holes at 300 meters each.”
