Ginguro Exploration (V.GEG) soars 89% on gold discoveries

Stockhouse Canadian Small and Micro-cap Stock Report for Thursday, August 15, 2013, VANCOUVER (SHfn) –

Calibre Mining Corp. (TSX: V.CXB, Stock Forum) soared 163% to 10.5 cents after the exploration and development company provided an update on activities at the 100% owned Montes de Oro target within the Siuna District, Borosi Concessions, northeast Nicaragua. Results from extensions of trench MTR13-009 have expanded the high grade mineralized intercept to 52.3 metres grading 7.1 grams per tonne gold. Additional trench results returned from recent work include; 23.0 metres grading 5.25 grams per tonne gold (MTR13-017) including 9.0 metres grading 10.15 grams per tonne gold, 16.2 metres grading 4.68 grams per tonne gold (MTR13-019) including 6.0 metres grading 10.0 grams per tonne gold. Montes de Oro, trenching has partially tested a strong coincident gold-silver-copper-lead-zinc soil anomaly extending over a 400 metre by 650 metre area which remains open to the northeast.

Ginguro Exploration Inc. (TSX: V.GEG, Stock Forum) climbed 89% to 8.5 cents as investors assessed the news that the mineral explorer had recently made two separate finds of gold mineralization at its Pardo gold paleo-placer property, located 65 kilometres northeast of Sudbury, Ontario. Field crews have been active since May, prospecting and sampling new areas for surface gold mineralization. Two zones have recently been identified that have returned the highest-grade material found to date at Pardo. These zones, known as the "007 Zone" and the "Eastern Reef," are 600 meters apart and located in the north-central portion of the Pardo Property. At the 007 Zone a heavily mineralized pyritic conglomerate returned grab samples ranging from 25.3 to 245.0 grams per tonne gold and 11 channel samples ran between 5.3 and 151.0 grams per tonne gold. The Eastern Reef conglomerate has been channel sampled in 12 separate places, across a length of 150 meters. These channels ranged in gold values from 1.1 to 40.0 grams per tonne gold.

Cardero Resource Corp. (TSX: T.CDU, Stock Forum) soared 18.5% and was trading at 16 cents after the coal miner provide an update on coal quality results from the Company's flagship Carbon Creek Metallurgical Coal deposit, located in the Peace River Coal District of northeast British Columbia, Canada. According to Cardero, both the Hard Coking Coal (HCC) and Semi-Soft Coking Coal (SSCC) are close to benchmark specification. Indicative metallurgical product coal quality is positive. Carbon Creek's HCC will be marketed as a Mid-Volatile HCC, based on average Volatile Matter content of 27%, Coke Strength after Reaction of 60 to 65 and Rank of 1.1% RoVmax. In particular, ash contents are low, which is a very desirable characteristic for blending coals.

Ram Power, Corp. (TSX: T.RPG, Stock Forum) fell 2.9% to 17 cents after the geothermal energy company announced an update on the remediation drilling program at the company's San Jacinto-Tizate project, located in the northwest of Nicaragua, near the city of Leon. The company completed its remediation program for well SJ 6-1 on August 14, 2013. The drilling operation successfully replaced 367 meters of damaged liner and perforated a 60 meter section of liner which had demonstrated increased temperature and permeability. Well SJ 6-1 is now shut-in and following a four to six week heat up period, will be tested and be put back online in late September or early October. Additionally, the drilling rig has initiated moving from well pad six to well pad nione for the remediation of well SJ 9-3. The company anticipates drilling to commence on well SJ 9-3 in the next 10 days.