Talk spurs Jaguar run
6th Feb 2012
PERTH, Feb 6 – Online chatter has been put forward by Australian explorer Jaguar Minerals as the possible reason behind a near-doubling of its share price in the course of the week.
Queried by the Australian Securities Exchange about the increased volume and jump in price from 2.3c on Monday to an intra-day high of 4.4c on Friday, Jaguar said it has nothing to announce.
The company says it learned of discussion in chat sites about the forthcoming release of assay results from the second and third holes drilled at the Mt Jukes prospect in western Tasmania following last month’s announcement of an intersection of 122m at 0.4% copper from 66m.
However, Corona Gold, its joint venture and operator at Mt Jukes, has not yet submitted the new samples for analysis – having decided to wait until it has completed its Toronto Stock Exchange listing.
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