Exploration junior up 11% on strengthened management team

Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, June 26, 2013 VANCOUVER (SHfn) –-

Appalaches Resources Inc. (TSX: V.APP) climbed 10.5% to 10.5 cents as investors assessed the news of the appointment of Jose Oro as a Director of the company effective 25 June 2013. Oro brings more than 35 years of global mining practical experience as well as advance technical expertise to the Ressources Appalaches team. The company also announced that it had expanded its management team at the mine to include Steve Hebert, as Chief of Administration and Darrin Campbell, as Controller. The additions to the management team are a significant step as the company progresses towards resuming gold production in the coming months at Dufferin mine.

Allana Potash Corp. (TSX: T.AAA) rose 8.9% to 49 cents after the potash-focused company announced an updated mineral resource estimate for its Danakhil project in Ethiopia. The measured and indicated mineral resource estimate totals 2,481.3 Million tonnes with an average grade of 17.9 % potassium chloride, representing approximately 444 Million tonnes of potassium chloride. This is more than a 90% increase over the April 2012 measured and indicated mineral resource estimate of 1,297 Million tonnes at an average grade 19.3% potassium chloride.

Guerrero Exploration Inc. (TSX: V.GEX) was up 4.4% to 12 cents. The stock is reacting to news that the junior explorer had received the title certificates for its 100% owned Cibola and Coatepec concessions, and expects the Olinala concession to be granted in the coming months. Collectively, the three concessions overlap a combined surface area of 137,546 hectares in the Mixteca Terrane of eastern Guerrero State, Mexico. The company expects that exploration of these concessions will start in the fall of 2013.

Paladin Energy Ltd. (TSX: T.PDN) fell 11.5% to 77 cents after the uranium company said negotiations have been ongoing with two nuclear parties regarding finalizing a minority equity position in the company's flagship Langer Heinrich project in Namibia. The company is confident a sale will be successfully achieved, however, a revised bid from one of the parties has meant a reconsideration and the approval process will be extended. As such, finalization of the transaction has moved from the end of June into the September quarter.

Huldra Silver (TSX: V.HDA) lost 39.3% to 8.5 cents after the mining company said that it is putting its silver mine and mill, located three hours east of Vancouver, B.C., on care and maintenance due to market factors. The company has suspended operations in order to minimize cash obligations.