On Monday, North Country Gold (TSX: V.NCG, Stock Forum) shares climbed 45% to 37 cents after the micro cap explorer reported spring drill results from its 100% owned Three Bluffs Gold Project in Nunavut, which included 5.88 grams per tonne (g/t) gold over 42.14 metres.
As well, shares of Khan Resources (TSX: T.KRI, Stock Forum) shot up 89% to 43.5 cents as the junior miner announced that the Mongolian Capital City Administrative Court has ruled in favour of its 58%-owned joint venture subsidiary, Central Asian Uranium Company, LLC, and declared that the previous purported decision by the Mongolian Nuclear Energy Agency to invalidate CAUC's mining license 237A is itself invalid and illegal.
In Tuesday trading, Anglo Canadian Oil (TSX: V.ACG, Stock Forum) shares jumped 62% to 73 cents after the oil and gas producer/developer said it has obtained an independent resource study in respect of its 172,000 acre "Nordegg Member" oil prospect in west central Alberta, which included a best estimate of over 6.47 billion barrels of petroleum initially in place.
Also, shares of Blackhawk Resource (TSX: V.BLR, Stock Forum) moved up 13% to 17 cents as the junior explorer and Ranger Energy (TSX: V.RGG.H, Stock Forum) reported that the two companies have signed a non-binding letter of intent, dated July 19, 2010 to amalgamate into a new company (Newco) focused on oil prospects in both the Viking and Sparky formations in Alberta. Newco has current production of approximately 125 BOE/day, which is expected to increase to over 250 BOE/day by the end of July 2010 (70% oil and 30% gas) and a drilling program that includes horizontal locations in both the Viking and Sparky formations.
Wednesday’s market action saw shares of Magma Metals(TSX: T.MMW, Stock Forum) surge 16% to 47.5 cents after the micro cap miner announced that drilling to test electro-magnetic (EM) anomalies in the Bridge Zone intersected several mineralized zones at the Thunder Bay North platinum-palladium-copper-nickel project in northwest Ontario, which included 51.0 metres of 5.02 grams per tonne (g/t) platinum, 4.84 g/t palladium, (9.86 g/t platinum + palladium), 1.18% copper and 0.56% nickel from 85.1 metres.
In addition, shares of Harte Gold (TSX: V.HRT, Stock Forum) gained 21% to 17 cents as the junior explorer reported that a sample taken by field prospector Gary Peacock on the Sugar Zone Property in Ontario in late 2009, "under an overturned tree," which graded 87.8 g/t gold, has now been corroborated by Harte Gold's VP Exploration, Mr. George Flach, P.Geo., with recent grab sampling from the site that returned 9.85 g/t, 52.8 g/t, 6.84 g/t and 37.3 g/t gold.
On Thursday, Premium Exploration (TSX: V.PEM, Stock Forum) shares powered 21% higher to 46 cents after micro cap explorer reported assay results for the first three holes of the ongoing 10,000 meter Phase-Three drill program at its Friday-Petsite project in Idaho, which included 2.23 grams per tonne (g/t) gold over 157.9 meters.
As well, shares of Olympus Pacific Minerals (TSX: T.OYM, Stock Forum) added 17% at 35 cents as the gold miner said its second-quarter gold production at the Bong Mieu Gold Plant in Vietnam has exceeded the first-quarter results by approximately 12%. Gold production increased to 8,200 ounces, which represents an annualized production rate of 32,800 ounces.
And, in Friday trading, B2Gold Corp. (TSX: T.BTO, Stock Forum) shares climbed as much as 11% to $1.63 after the junior miner said it has reached an agreement with Kinross Gold to sell to a subsidiary of Kinross, B2Gold's right to acquire an interest in the Kupol East and West Licenses in Russia. Kinross will make an upfront payment of US$33 million to B2Gold, payable upon closing of the transaction and contingent payments of US$15 million for each incremental million ounces of gold of National Instrument 43-101 compliant proven and probable reserves contained by the Kupol East and West License areas, up to a maximum of nine million ounces of gold. In addition, B2Gold will receive payments equal to 1.5% of Net Smelter Returns from the commencement of production from the area covered by the Kupol East and West Licenses, subject to a right for Kinross to repurchase the royalty for US$30 million.
Finally, shares of Yukon-Nevada Gold (TSX: T.YNG, Stock Forum) rose 10% to 33 cents as the gold junior announced that as of July 12, 2010, it has recommenced underground exploration drilling at its gold producing Jerritt Canyon property in Nevada. In addition, the company announced that Mr. William Hofer has been recently appointed as the Chief Geologist at Jerritt Canyon.