On Monday, VG Gold (TSX: T.VG, Stock Forum) shares climbed as much as 17% to 27.5 cents after the micro cap miner reported new core results from the Paymaster West Property located in Timmins, Ontario, which included 1,850.0 grams per tonne (g/t) gold over 0.9 metres at a vertical depth of 15 metres. The company believes the results continue to demonstrate the potential for bulk tonnage open pit mining. The project is situated next to Goldcorp's Dome Mine, which has produced 17 million ounces of gold.
As well, shares of Dejour Enterprises (TSX: T.DEJ, Stock Forum) shot up 16% to 36 cents as the oil and gas producer/explorer announced record crude oil and natural gas output in May from its Woodrush Project located in British Columbia. Gross project oil and gas production for the month of May was 31,580 barrels of oil equivalent (BOE), a 332% improvement over the average gross monthly production of 9500 BOE during Q1-2010.\
In Tuesday trading, TG World Energy (TSX: V.TGE, Stock Forum) shares jumped 73% to 19 cents after the oil and gas explorer/developer said it has been advised by project operator, Nido Petroleum Limited, that several days of production testing of the Tindalo-1 well located in the Philippines is complete and that extended production flow test yielded 27 degrees API oil at a maximum flow rate of 18,689 bopd. TG World holds a 12.5% working interest in the project.
Also, shares of Mercator Minerals (TSX: T.ML, Stock Forum) moved up 11% to $1.80 as the junior miner announced its production results for May 2010, totaling 3,152,221 lbs. of copper, 331,923 lbs of molybdenum and 45,914 ounces of silver. May was a record month for molybdenum production, as a result of the improvements in the recovery levels achieved in April.
Wednesday’s market action saw shares of AuEx Ventures (TSX: T.XAU, Stock Forum) surge as much as 14% to $3.49 after the gold explorer reported the first drill results from the 2010 drill campaign for its 49% owned Long Canyon gold deposit in Nevada, which included 69.5 feet of 0.479 ounces per ton gold.
In addition, shares of Craig Wireless Systems (TSX: T.CWG, Stock Forum) gained 17% to 92 cents as the telecommunications services provider announced that it intends to pay a special dividend of 40 cents per share on its multiple voting shares and subordinate voting shares. It will be paid on July 6, 2010, to shareholders of record at the close of business on June 22, 2010.
On Thursday, Universal Power (TSX: V.UNX, Stock Forum) shares powered 25% higher to $2.07 after the oil and gas explorer late Wednesday reported prospective resource estimates for its 90% owned 2713A Exploration Licence, representing approximately 16% of Universal's net land position, in offshore Namibia, which showed an un-risked mean oil-equivalent prospective resource at Block 2713A of 2.39 billion BOE (converting gas to oil at 6:1), and a risked mean prospective resource of 567 million BOE.
As well, shares of U.S. Geothermal (TSX: T.GTH, Stock Forum) added 19% at 89 cents after the renewable energy development firm announced that was offered a conditional commitment for a $102.2-million loan guarantee from the U.S. Department of Energy to construct the planned 22-megawatt-net power plant at Neal Hot Springs in Oregon.
And, in Friday trading, New Island Resources (TSX: V.NIS, Stock Forum) shares climbed 43% to 10 cents after Anaconda Mining (TSX: T.ANX, Stock Forum) announced that it has formally begun a share exchange takeover bid to acquire all of the issued and outstanding common shares of New Island. Pursuant to the offer, each New Island shareholder will receive 0.3333 of an Anaconda common share for each New Island common share tendered under the offer, valuing New Island at 10.83 cents a share.
Finally, shares of Angiotech Pharmaceuticals (TSX: T.ANP, Stock Forum) shot up 18% to 97 cents as the specialty pharmaceutical and medical device company said that Cook Medical, a license holder of Angiotech's paclitaxel technology, has submitted its Pre-Market Approval (PMA) application to the U.S. Food and Drug Administration (FDA) for the company's polymer-free Zilver PTX Drug-Eluting Peripheral Stent. Intended for use in patients with peripheral arterial disease (PAD) in the superficial femoral artery (SFA), Zilver PTX is a self-expanding nitinol stent that uses a proprietary, polymer-free technology to deliver a locally therapeutic dose of paclitaxel, an anti-proliferative drug, to the target lesion.