On Monday, Focus Metals (TSX: V.FMS, Stock Forum) shares climbed 21% to 80 cents after the micro cap miner reported results of the mineral resource estimate for its 100% owned Lake Knife Project near Fermont, Quebec. Measured and Indicated resources totaled 4.97 million tonnes grading 15.67% Cgr. (carbon as graphite), as well as Inferred resources of three million tonnes grading 15.58% Cgr. A cut-off of 5% Cgr was used.
As well, shares of Canasil Resources (TSX: V.CLZ, Stock Forum) shot up 32% to 22.5 cents as the junior explorer announced that MAG Silver Corp. (TSX: T.MAG) has started the planned diamond drill program at the La Esperanza silver-lead-zinc project in Mexico. The drill program is planned for up to 5,000 metres in 16 drill holes to test two of the veins in the project area, including extensions of the La Esperanza vein previously drill tested by Canasil. MAG is earning a 60% interest in the property from Canasil under an option agreement dated August 19, 2010.
In Tuesday trading, Explor Resources (TSX: V.EXS, Stock Forum) shares jumped 35% to 44 cents after the micro cap explorer reported the completion of its initial NI 43-101 Mineral Resource Estimate for the Timmins Porcupine West Gold Property in northern Ontario, which showed an Indicated resource of 127,000 gold ounces (770,000 tonnes at 5.13 g/t gold) and an Inferred resource of 704,000 gold ounces (5,523,000 tonnes at 3.97 g/t gold). A 2.20 g/t cut-off grade was used in the calculations.
Also, shares of Raydan Manufacturing (TSX: V.RDN, Stock Forum) moved up 173% to 15 cents as the producer of specialized suspension and coupling systems for trucks, trailers and heavy equipment announced that Link Suspensions of Canada, Limited Partnership and Link Manufacturing, Ltd. will acquire all or substantially all of the assets of Raydan for a consideration in the amount of $4,423,444 plus the assumption of approximately $1,665,000 in line of credit debt, subject to the closing working capital adjustments.
Wednesday’s market action saw shares of Intrepid Mines (TSX: T.IAU, Stock Forum) surge 15% to $1.51 after the miner reported that assay results from drilling completed in the last six months around the known porphyry copper-gold zone of the Tumpangpitu area of the Tujuh Bukit Project in Indonesia have resulted in a 70% increase in the Inferred Resource, estimated at 1.7 billion tonnes at 0.41% copper and 0.46 grams per tonne (g/t) gold, at a cut-off grade of 0.2% copper.
In addition, shares of Nightingale Informatix (TSX: V.NGH, Stock Forum) gained 29% to 31 cents as the application service provider of electronic medical record software and related services said it has signed a 10-year contract with the Association of Ontario Health Centres to provide its leading EMR and practice management solution, Nightingale On Demand, to Community Health Centres, and Aboriginal Health Access Centres across Ontario.
On Thursday, Entourage Metals (TSX: V.EMT, Stock Forum) shares powered 13% higher to 62 cents after the micro cap explorer reported partial results from the first four holes at its 100% owned, Black Raven gold property in northwest Ontario, which included 2.38 meters of 44.57 grams per tonne (g/t) gold.
As well, shares of TAG Oil (TSX: T.TAO, Stock Forum) rose 18% to $7.40 as the oil and gas producer/explorer announced that its Cheal-C1, Cheal-C2 and Cheal-A8 wells in New Zealand have now been flow tested. Cheal-C2 flow tested 14 million cubic feet of gas per day (~2,333 BOE per day).
And, in Friday trading, North American Potash Developments (TSX: V.NPD, Stock Forum) shares climbed 15% to 15 cents after the micro cap miner reported all assay results from its recent 3,449 foot rotary drill and core hole on its Lisbon Valley Potash Project in Utah, which show that exploration targets K-6 and K-9 total 15 feet in thickness, at an average K2O concentration of 10.4% (equivalent to 16.4% KCl).
Finally, shares of Shear Diamonds (TSX: V.SRM, Stock Forum) added 11% at 30 cents as the diamond explorer/developer announced that it has signed agreements with Taché Company N.V. securing debt financing and forming a strategic alliance under which Taché will purchase the diamond production from Shear's Jericho diamond project in Nunavut.