On Monday, St Andrew Goldfields (TSX: T.SAS, Stock Forum) shares climbed 24% to $1 on Monday after the gold miner reported results from the ongoing underground exploration drilling program on the Smoke Deep Zone at the Holloway Mine in the Timmins mining district of northeastern Ontario, which included 5.83 grams per tonne (g/t) gold over 80.3 metres.
As well, shares of Petro Vista Energy (TSX: V.PTV, Stock Forum) shot up 40% to 30 cents as the oil and gas explorer/developer announced that the 7-TTG-1DP-SES development well on the Tartaruga Block in Brazil has been successfully drilled to a total depth of 3,445 metres. Logging and initial petrophysical interpretations on the well identified 11 zones of interest. Strong oil and gas shows (C1 to C5) identified on mudlog and oil in cuttings were observed throughout the reservoir section (2,900m MD to 3,445m MD). Petro Vista holds a 37.5% working interest (27.23% net revenue interest) in the Tartaruga Block in partnership with Petrobras Brasilia S.A., and operator UP Petroleo Brasil Ltda.
In Tuesday trading, Mountain Lake Resources (TSX: V.MOA, Stock Forum) shares jumped 37% to 58 cents on Tuesday after the micro cap explorer reported more intersections of gold mineralization in the latest analytical results from the 33-hole drill program recently completed at the Leprechaun Deposit area of the Valentine Lake Gold Project in Newfoundland, which included 38.32 grams per tonne (g/t) over a true width of 9.00 metres. Mountain Lake has a 30% interest in the Valentine Lake Gold Property with an option to acquire the remaining 70% interest from Richmont Mines Inc. and a subsequent sub-option and joint venture agreement whereby Marathon PGM (TSX: T.MAR, Stock Forum) can earn a 50% interest in the property. Marathon shares added 19% at $1.88.
Also, shares of Æterna Zentaris (TSX: T.AEZ, Stock Forum) moved up 17% to $1.17 as the late-stage drug development company specializing in oncology and endocrinology announced that it will make an oral presentation, as well as a poster presentation on Erk/PI3K inhibitor compounds, Tuesday, April 20, at the American Association for Cancer Research Annual Meeting in Washington, D.C.
Wednesday’s market action saw shares of Exall Energy (TSX: T.EE, Stock Forum) surge 16% to 86 cents on Wednesday after the oil and gas explorer/producer reported results of the wells drilled during the 2010 winter drilling season. A new oil well drilled in the Marten Mountain "B" Sand project area in Alberta discovered two zones of productive oil-saturated reservoir sandstone, which flowed 600 barrels of 40 degrees API sweet oil and 110 MCFPD of solution gas (620 BOEPD) over a three-day test period (445 BOEPD net).
In addition , shares of Nevada Exploration (TSX: V.NGE, Stock Forum) gained 26% to 12 cents as the junior explorer said it has signed a non-binding letter of intent, whereby Northgate Minerals (TSX: T.NGX, Stock Forum) may earn a joint venture interest in NGE's Awakening Gold Project in Nevada. Northgate will have the option to earn a 51% interest in the property by funding US$4.1 million in qualifying expenditures and making US$435,000 in cash payments over five years.
On Thursday, Inter-Citic Minerals (TSX: T.ICI, Stock Forum) shares powered 23% higher to $1.28 on Thursday after the junior miner said it will receive a $18.56 million strategic investment from Zijin Mining Group Co., Ltd., China's largest gold producer. Zijin will subscribe to 16 million common shares of Inter-Citic at a price of $1.16 per share. Together with shares previously purchased by Zijin, upon closing, it will own 19.15% of the shares of Inter-Citic. For more insight into the Inter-Citic story, please read the column by Ticker Trax’s Thom Calandra. Inter-Citic has been a Ticker Trax Planetary Prospect since first being recommended at 70 cents a share.
As well, shares of ARISE Technologies (TSX: T.APV, Stock Forum) soared 185% to 47 cents as the solar technology provider reported that its shipments of photovoltaic cells are expected to be approximately 13.9MW for the first quarter of 2010, a 99% increase from the 7.0MW shipped in the fourth quarter of 2009. Revenue for the first quarter of 2010 is expected to total approximately $15.8 million, which represents a 39.8% increase from $11.3 million in the fourth quarter of 2009 and a 119% increase from $7.2 million in the first quarter of 2008.
And, in Friday trading, Global Uranium (TSX: V.GU, Stock Forum) shares climbed 22% to 45 cents after the junior explorer announced that on April 15, 2010, it entered into an option and joint venture agreement with Concentric Energy Corp., pursuant to which it has acquired the right to incrementally earn up to a 70% interest in and to 280 contiguous, unpatented lode mining claims in Arizona covering approximately 5,780 acres of mineral prospective lands by paying US$80,000 on signing, issuing 11.3 million shares incrementally over a six-year period and by spending no less than US$2 million on exploration work on the Anderson Property on or before the fifth anniversary of the effective date of the agreement.