On Monday, Unigold (TSX: V.UGD, Stock Forum) shares climbed as much as 15% to 27 cents after the micro cap miner reported the discovery of a new gold zone on its wholly-owned Neita Property in the Dominican Republic, which included 2.3 grams per tonne (g/t) gold over 27 meters.
As well, shares of Stealth Ventures (TSX: V.SLV, Stock Forum) shot up 33% to 12 cents as the oil and gas explorer said it has entered into a Joint Study Agreement (JSA) with India’s Oil and Natural Gas Corporation Ltd. (ONGC) to evaluate emerging unconventional resource plays and opportunities in India. The objective of the JSA is to identify the unconventional resource plays within India, and a high priority has been given by both parties, to identify high-growth profile shale gas and CBM prospects, on the basis of the large database available within ONGC. Work is expected to begin by June 30, 2010.
In Tuesday trading, New Global Ventures International (TSX: V.NNG, Stock Forum) shares jumped 23% to 13.5 cents after the micro cap explorer provided analytical results from its recently-acquired "El Tesoro" Gold Mine in Antioquia, Colombia, which included a sample that returned 153.5 grams per tonne (g/t) gold.
Also, shares of Marathon PGM (TSX: T.MAR, Stock Forum) moved up 17% to $1.70 as the junior miner reported that the first two holes of the spring drilling campaign at the Leprechaun Gold Deposit in Newfoundland hit multiple intersections of near surface gold mineralization, including 2.5 metres (true width) of 47.19 g/t gold.
Wednesday’s market action saw shares of Fire River Gold (TSX: V.FAU, Stock Forum) surge 27% to 54 cents after the micro cap miner reported assay results from the ongoing re-evaluation program on its Nixon Fork Gold Mine Project in Alaska, which included 27 grams per tonne (g/t) gold over 24.0 metres.
In addition, shares of Sceptre Investment Counsel (TSX: T.SZ, Stock Forum) gained 29% to $6.70 as the investment management firm announced that it has signed a definitive agreement to merge with Fiera Capital, Inc. The new company will be named Fiera Sceptre and have $30 billion in assets under management. Under the agreement, Sceptre shareholders will exchange 14.0 million common shares for 14.0 million new Class A subordinate voting shares of Fiera Sceptre on a 1-for-1 basis. After closing, Fiera will control approximately 60% of the outstanding shares of Fiera Sceptre.
On Thursday, Cogitore Resources (TSX: V.WOO, Stock Forum) shares powered 29% higher to 27 cents after the micro cap explorer reported drill results from its 100% owned Scott Lake project in Quebec, which included 26.7 metres of massive sulphides grading 2.1% copper, 5.2% zinc, 0.3 grams per tonne (g/t) gold, and 24.9 g/t silver.
As well, shares of Diadem Resources (TSX: V.DRL, Stock Forum) added 33% at 18 cents after the junior explorer announced that it has received the decision letter from the Environmental Impact Screening Committee for the Inuvialuit Settlement Region in the Northwest Territories, recommending to the relevant permitting agencies that Diadem be allowed to proceed with its proposed program for drilling and exploration for metals and diamonds on its currently held mineral properties for the 2010 to 2012 period.
And, in Friday trading, Valdez Gold (TSX: V.VAZ, Stock Forum) shares climbed 15% to 15 cents after the micro cap miner reported that it has signed a letter of intent with Gammon Gold Inc. whereby Gammon will have the right to acquire Valdez' Los Jarros and Jarros Norte Properties Chihuahua, Mexico by making successive payments over a four-year period totaling US$2.5 million. In addition, should Gammon initiate commercial production from the properties, Gammon would pay a royalty to Valdez equal to 2.0% of the net smelter returns from such production.
Finally, shares of Tembec (TSX: T.TMB, Stock Forum) rose 28% to $2.22 as the integrated forest products company said expects that EBITDA in its third quarter will be in the range of $47 million to $53 million. This compares with EBITDA of $32 million in the most recent quarter ended March 27, 2010. Following the recent sale of two pulp mills, liquidity is expected to be approximately $250 million, up from $138 million at the end of the March 2010 quarter.