Yesterday, on the released by the company drilling program results for its Croinor Gold Project, First Gold Exploration Inc. (CVE:EFG
), (PINK:FGEXF) stock was rushed again.
The company's shares closed at $0.36 per share, advancing 9.09% from the previous trading session.
The colossal volume traded of more than 6.8 million shares confirmed that maybe EFG stock will be again in sight of investors these days, like it was during the last huge stock stir at the end of this September.
The released by First Gold Exploration Inc. news related to its Croinor Gold Project attracted investors' interest.
The company announced that the results from the last three holes of the seven hole diamond drill program undertaken to test extensions of the project's underground Mineral Reserves are demonstrating the potential to extend the current resources and reserves of the project.
In addition, First Gold Exploration Inc. stated that "this mineral resource would require minimal capital cost and development to be added to the mining plan presented in the Technical Report and Pre-Feasibility Study for the Croinor Project released on Sedar on August 27, 2010".
Since the end of August up to yesterday EFG has risen by 71%.