The cheerier news took a little longer to develop on Thursday, but when markets hit their stride, it proved worth the wait.
Even when things were lean this week, the gold sector stood out for the right reasons. In Toronto, the sector advanced a healthy 3.3% late Thursday afternoon.
Vancouver-based gold concern Eclipse Gold Mining Corporation (TSXV: EGLD) announced that it has secured DTC eligibility for its common shares listed on the OTC market in the United States.
It’s important to the company because the Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC and manages the electronic clearing and settlement of publicly traded companies.
About Eclipse, the company has collective funding of over $2 billion in both strong and weak markets, and a track record of at least nine successful buyouts/exits.
EGLD is exploring the district-scale Hercules Gold project in Nevada’s Walker Lane Trend and located only a one-hour drive from Reno. Historic drilling and company sampling has demonstrated the presence of a large-scale epithermal gold-silver system exposed at surface. Eclipse has consolidated an approximately 85-square-kilometre land package and has initiated systematic exploration.
EGLD’s shares gained five cents, or 6.8%, to 79 cents, on volume of 102,000 shares.