On Monday, Primeline Energy Holdings (TSX: V.PEH, Stock Forum) shares climbed 15% to 70 cents after the oil and gas explorer/developer said it has received confirmation of the approval of the petroleum contract for Block 33/07 from the Ministry of Commerce in China.
As well, shares of Erdene Resource Development (TSX: T.ERD, Stock Forum) added 11% at 25.5 cents as the resource junior reported assay results for the first two holes of a 17-hole reconnaissance drill program that began Oct. 7 at the Altan Nar project in Mongolia, which included nine metres grading 4.4 grams per tonne (g/t) gold and 11.6 g/t silver.
InTuesday trading, GoldQuest Mining (TSX: V.GQC, Stock Forum) shares fell 10% to 72 cents on volume on more than 3.1 million shares after the gold junior reported assay results from three additional holes from the ongoing drill program at the Romero gold/copper discovery within its 100% owned Las Tres Palmas trend in the Dominican Republic, which included 157 metres grading 1.07 grams per tonne (g/t) gold and 0.40% copper.
Also, shares of Edge Resources (TSX: V.EDE, Stock Forum) shot up 18% to 33 cents as the energy junior announced that two oil wells have been added at its Grand Forks property in Alberta. The wells have already been tied-into existing pipelines and are being production-tested utilizing the company's existing facilities.
Wednesday’s market action saw shares of Caza Oil & Gas (TSX: T.CAZ, Stock Forum) jump 28% to 18.5 cents, following a 12% gain Tuesday, after the oil and gas producer/explorer announced “good mud log shows” for oil and natural gas throughout the Bone Spring formation while drilling the vertical section of the Forehand Ranch 27 State Com No. 1H horizontal well in New Mexico. Caza has a 42.02% net revenue interest in the well.
In addition, shares of Glass Earth Gold (TSX: V.GEL, Stock Forum) moved up 11% to 25 cents as the gold explorer reported drill results from its 5,500 metre diamond drill program at the WKP gold-silver prospect in New Zealand, which included 7.9 metres of 5.1 grams per tonne (g/t) gold and 12.1 g/t silver.
On Thursday, Freegold Ventures (TSX: T.FVL, Stock Forum) shares surged 29% to 88 cents after the micro cap explorer announced a new 43-101-compliant resource estimate for its Golden Summit project in Alaska. The company said the Dolphin Zone hosts an Indicated resource of 62.6 million tonnes of gold, grading 0.73 grams per tonne (g/t) gold, or 1.46 million ounces, while the Inferred resource is estimated to be 191.9 million tonnes, grading 0.67 g/t tonne, or 4.1 million ounces.
As well, shares of Queenston Mining (TSX: T.QMI, Stock Forum) gained 21% to $4.92 as the gold junior reported results from 73 surface diamond drill holes from its 100% owned Bidgood gold property located in Kirkland Lake, Ontario, which included 2.6 g/t gold over 38.0 metres and 31.2 g/t gold over 3.0 metres.
And, in Friday trading, Batero Gold (TSX: V.BAT, Stock Forum) shares powered as much as 18% higher before closing up 10% to 55 cents after the micro cap explorer said it has entered into a strategic alliance and equity private placement financing agreement in the amount of $17.8 million with privately-held Consorcio Minero Horizonte S.A., the fifth-largest gold producer in Peru. The price per unit of 65 cents equates to a 46% premium to the volume weighted average closing price of Batero's shares from October 3, 2012 to October 31, 2012. As a result of this agreement, Horizonte, together with its affiliates and shareholders, will acquire ownership of 35% of Batero's issued and outstanding shares. The proceeds will be used to advance Batero's Batero-Quinchia gold/copper project in Colombia.
Finally, shares of Alter NRG (TSX: T.NRG, Stock Forum) rose 51% to 38.5 cents as the provider of alternative energy solutions announced that it plans to issue 30,769,230 common shares at a price of 32.5 cents per common share for total gross proceeds of approximately $10 million to three new strategic investors. One of the investors, Ervington Investments, is beneficially owned by Roman Abramovich, a Russian with an estimated net worth of US$19.6 billion according to Forbes. Ervington Investments will own approximately 18.2% of Alter NRG as a result of this transaction.