Canadian Stocks That Surged Highest Today: $KOR $OLA $TGZ

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Corvus Gold Announces Drill Results Of 10 Completed Holes at Mother Lode Project

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Corvus Gold Inc. (TSX:KOR) was amongst the top gainers in yesterday's trading session gaining 5.11%. The company has released results of the 10 holes it has competed at the Mother Lode Project located in Nevada. The drill program expanded the Upper Oxide, Central Intrusive, and North targets and has also returned higher than anticipated grades from the main sulfide unit zone.

The Central Intrusive drill highlights include 29 meters of 2.21 gold grams per tonne beginning from 468 meters, 55 meters of 1.4 grams gold per tonne beginning from $341 meters, and 48 meters of 1.23 gold grams per tonne from around 406 meters. Mineralization at CIZ has been defined down to almost 600 meters.

Orla Mining's Environmental Impact Assessment For Camino Rojo Project Approved

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Orla Mining Ltd. (TSX:OLA) was also another top gainer in yesterday's trading session and it gained 4.98%. The company has announced that the Mexican Federal Environmental Department has approved the Environmental Impact Statement of the company required for the development of the Camino Rojo Oxide Gold Project in Zacatecas Stet in Mexico. The MIA approval is conditional subject to the company meeting some customary standard conditions and requirements that it expects to complete in the coming weeks.

Recently the company appointed Sylvain Guerard as the SVP of Exploration. Guerard has experience having held various roles in Kinross Gold, Barrick Gold, and Inmet Mining. Most recently he was SVP exploration at McEwen Mining.

Teranga Gold Reports 96% Revenue Jump in Q2 2020

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Another top gainer in yesterday's session is Teranga Gold Corp. (TSE:TGZ) which gained 4.91%. The company has announced the filing of National Instrument 43-101 Standard of Disclosures for Mineral Projects technical report following a preliminary feasibility study for the Sabodala-Massawa Gold complex in Senegal. Teranga prepared the Sabodala-Massawa Technical report which supports combined mineral reserve estimates and mine plan for Sabodala Gold Operations as well as the Massawa Project that was announced on July 26, 2020.

In the second quarter, the company reported a 96% YoY increase in revenue to $164.2 million while gross profits were up 209% to $56.4 million. Also consolidated net profit attributable to shareholders was $2.4 million or $0.01 and adjusted net profit came in at $27.7 million or $0.17 per share.

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