On Monday, Red Eagle Mining (TSX: V.RD, Stock Forum) shares climbed 14% to 57 cents after micro cap explorer reported additional assay results received from the recently completed 24-hole, 5,400 metre drill program at the San Ramon gold system located within the Santa Rosa gold project in Colombia, which included 7.0 metres at 41.53 grams per tonne (g/t) gold.
As well, shares of Kaminak Gold (TSX: V.KAM, Stock Forum) rose 10% to $1.90 as the junior miner announced that drilling expanded the Double Double zone in the Yukon to 400 metres in strike length. New results from these zones included 12.5 g/t gold over 13 metres.
InTuesday trading, Golden Arrow Resources (TSX: V.GRG, Stock Forum) shares jumped 13% to 31.5 cents after the micro cap explorer reported multiple, near-surface silver intercepts from drilling at the Silver Mantos target on its Chinchillas Silver Project in Argentina, which included 29 metres at 631 grams per tonne (g/t) silver.
Also, shares of Inter-Citic Minerals (TSX: T.ICI, Stock Forum) moved up 11% to $1.37, in addition to a 17% gain on Monday, as the gold junior said it is engaged in negotiations with a third party interested in acquiring all of Inter-Citic's shares. The company added that the terms of a potential transaction continue to be negotiated and, other than a confidentiality agreement, no written agreement has been entered into with this party.
Wednesday’s market action saw shares of Cline Mining (TSX: T.CMK, Stock Forum) sink 43% to 34.5 cents on volume of more than 8.7 million shares after the coal miner announced that it will be temporarily suspending production at its New Elk coal mine in Colorado to manage costs.
In addition, shares of Frontier Rare Earths (TSX: T.FRO, Stock Forum) shot up 25% to 60 cents as the explorer/developer said Korea Resources Corporation has confirmed a $23.8 million investment for an initial stake in Frontier's Zandkopsdrift rare earth project in South Africa.
On Thursday, GoldQuest Mining (TSX: V.GQC, Stock Forum) shares surged 24% to 83 cents on volume of more than two million shares after the micro cap explorer said a second drill rig has started drilling at the Romero gold and copper discovery within its 100% owned Las Tres Palmas project in the Dominican Republic, as the company noted “interesting mineralization seen at or near the deepest capability of the current portable drill rigs.”
As well, shares of Barkerville Gold Mines (TSX: V.BGM, Stock Forum) slid 23% to 69 cents on more than 2.9 million shares traded as the gold junior reported that the British Columbia Securities Commission has expressed concern that the disclosure in its news release of a 10.6 million ounce Indicated gold resource and 65 to 90 million additional ounces in "potential" is inadequately supported in the draft technical report and estimated in a manner that appears contrary to normal industry practice and, therefore, could be construed as misleading.
And, in Friday trading, La Mancha Resources (TSX: T.LMA, Stock Forum) shares powered 52% higher to $3.43 on volume of more than 7.8 million shares after the gold junior announced that Egypt-based Weather Investments II S.a.r.l. has offered to purchase all outstanding common shares of La Mancha by way of a take-over bid at a price of $3.50 per share in cash.
Finally, shares of WGI Heavy Minerals (TSX: T.WG, Stock Forum) gained 136% to 59 cents as the industrial abrasive minerals provider reported that Opta Minerals (TSX: T.OPM) has made an offer to acquire all of the outstanding common shares of WGI for 60 cents per share in cash, or a total consideration of about $15.45 million.