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Canadian juniors in demand

Canadian mining stocks were in demand in yesterday with plenty of optimism shown for junior equities.
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The M Vein area at Provenance Gold’s 2K project

Staff reporter

Gold hopeful Provenance Gold (CSE: PAU) shot up more than 51% yesterday on no news.

Provenance, which debuted on the CSE in October, rose more than C10c to close at 31c.

A month ago it closed the first tranche of a non-brokered private placement at 25c per unit, ahead of what it anticipates being "a busy yet very rewarding exploration season" at its 2K project under option in the Yukon.

On the TSX Venture Exchange, explorer Jasper Mining Corporation's (TSXV: JSP) shares doubled in value from 8c to 16c, almost a week since the company outlined plans to reduce costs and the number of properties it intended to maintain.

Fellow junior Millrock Resources (TSXV: MRO) rose almost 40% to 39c yesterday, having pointed last week to its partner PolarX's drill plans at the Zackly copper-gold deposit in Alaska.

Over on the TSX, Talon Metals (TSX: TLO) rose more than 42% to 10c after postponing its annual and special general meeting as the company was "currently considering other special business that might properly require shareholder approval".

The metals and mining sector on the TSX closed up 0.31% yesterday.

Elsewhere at the bigger end of town, Barrick Gold (TSX: ABX) closed down 1.59%, Rio Tinto closed up 1.2% in London and BHP (ASX: BHP) was down more than 1.3% in afternoon Australian trade.