TORONTO (SHfn) – High Desert Gold (TSX: V.HDG, Stock Forum) shares powered 31% higher to 19 cents on Thursday after the micro cap explorer reported preliminary exploration results at its gold-silver San Antonio Project in Mexico, which included values of up 2.13 metres of 44.1 grams per tonne (g/t) gold and 160 g/t silver.
As well, shares of Vuzix Corporation (TSX: V.VZX, Stock Forum) added 24% to 13 cents as the manufacturer of Video Eyewear said it has received a new $500,000 order from Coastal Defense, Inc. for Vuzix’s Tac-Eye LT Display System for delivery within the next four months.
Iberian Minerals (TSX: V.IZN, Stock Forum), meanwhile, reported a first-quarter net loss of $10.01 million, or three cents a share, compared with a loss of $60.49 million, or 24 cents a share, during the same period of 2009. Cash flow from operations before changes in non-cash working capital was $11.83 million compared with $12.52 million for the same period last year. Iberian shares slid 22% to 50 cents.
And, Altair Ventures (TSX: V.AVX, Stock Forum) and Consolidated Spire Ventures Thursday announced preliminary results from the 2010 Phase I drilling program within the South Discovery Zone of the Prospect Valley property in southern British Columbia, which included 32.64 metres of 1.32 g/t gold. Altair shares moved up as much as 10% to 11 cents.
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