On Monday, Romarco Minerals (TSX: V.R, Stock Forum) shares climbed 24% to $2.07 on Monday after the gold junior announced results from drill hole RC-1724 at its Haile Gold Mine in South Carolina, which intercepted 62.5 meters of 9.6 grams per tonne (g/t) gold and ended in mineralization. The company said results from this hole represent a significant extension of the Haile mineralization system to the northeast and demonstrate the continued upside potential on the property.
As well, shares of Crew Gold (TSX: T.CRU, Stock Forum) shot up 36% to 38 cents as the micro cap miner reported its fiscal 2009 financial results. On December 11, 2009, the company completed a debt-for-equity restructuring, whereby the bondholders exchanged $230.8 million principal amount of bonds in exchange for a 95% interest in the equity of the company. Crew reported a per-share loss of 43 cents for the 345 day period ending December 11, 2009, compared with per-share a loss of $3.21 during fiscal 2008. On Thursday, OAO Severstal, the steelmaker controlled by Russian billionaire Alexei Mordashov, said it will make a bid for Crew, valuing the company at 2.35 billion kroner, or CDN$394 million (19.6 cents per share), after raising its stake in the company to 27%.
In Tuesday trading, Gold Bullion Development (TSX: V.GBB, Stock Forum) shares jumped 65% to 19 cents on Tuesday after the micro cap explorer reported additional drill results from the recently completed exploration program at its Granada Gold Property in Quebec. The company said assay results from six additional holes clearly outline an east-northeast extension of Granada including a possible substantial new discovery of shallow depth mineralization 600 metres east-northeast of the past producing Granada Mine workings, which included 65.5 metres of 1.21 grams per tonne (g/t) gold.
Also, shares of Volta Resources (TSX: T.VTR, Stock Forum) moved up 27% to 93 cents as the junior miner announced drill results from the next completed section at its Kiaka Gold Project in Burkina Faso, which included 82.10 meters at 2.27 g/t gold.
Wednesday’s market action saw shares of Trelawney Mining and Exploration (TSX: V.TRR, Stock Forum) shares surged 98% to $1.15 after the micro cap miner reported results from recent drilling on its Chester Project located halfway between Timmins and Sudbury in northern Ontario. Highlights included 107.11 metres of 8.20 grams per tonne (g/t) gold.
In addition, shares of Oro Gold Resources (TSX: V.OGR, Stock Forum) gained 15% to 55 cents as the junior explorer announced assay results from recent drilling on its 100% owned Trinidad property near Mazatlan, Mexico, which included 11.9 g/t gold over 40.9 metres.
On Thursday, Globex Mining Enterprises (TSX: T.GMX, Stock Forum) shares powered as much as 22% higher before closing up 12% to $1.66 on Thursday after the micro cap explorer reported assays from five surface samples taken on its Coconut Club showing on its Hunters Point uranium, gold, rare earth property in Quebec. Total average light rare earths were equal to 153,256 ppm, or 15.33%, while total average heavy rare earths were equal to 7,768 ppm, or 0.78%.
As well, shares of Yukon-Nevada Gold (TSX: T.YNG, Stock Forum) jumped 17% to 28 cents after the junior miner said it has recently received assay results for the remainder of the diamond drilling program conducted in 2008 on its wholly-owned Ketza River property in the Yukon Territory, which included 3.05 meters assaying 84.50 grams per tonne (g/t) gold.
And, in Friday trading, General Moly (TSX: T.GMO, Stock Forum) shares soared 54% to $4.11 on Friday after the junior miner announced an investment and strategic relationship with Hanlong (USA) Mining Investment Inc., a wholly-owned subsidiary of China’s Sichuan Hanlong Group, that is anticipated to provide full project funding for the its 80% owned Mt. Hope molybdenum project in Nevada. Highlights included a $665 million bank loan from a Prime Chinese Bank to be procured and guaranteed by Hanlong at an anticipated rate of Libor plus 2%-4%, as well as an $80 million equity investment in General Moly through the purchase of 25% of the company's fully diluted shares, partially contingent upon completion of the $665 million bank loan.
Finally, shares of Vault Minerals (TSX: V.VMI, Stock Forum) powered 40% higher to 45.5 cents after Queenston Mining (TSX: T.QMI, Stock Forum) agreed to merge with the junior explorer. Vault shareholders will receive one Queenston common share for every 10 Vault common shares. In addition, all convertible securities of Vault will be exercisable in accordance with their terms for common shares of Queenston on the same basis. Based on approximately 40 million common shares of Vault issued and outstanding, Queenston will issue about four million Queenston common shares pursuant to the amalgamation. The transaction values Vault at 50 cents a share.