On Monday, Northern Superior Resources (TSX: V.SUP, Stock Forum) shares climbed 39% to 89 cents after it and Rainy River Resources (TSX: V.RR, Stock Forum) announced the discovery of gold bearing mineralization intersected during the companies’ initial diamond drilling program on Target 3 of their TPK Joint Venture project, 190 km northeast of Pickle Lake in northern Ontario, which included 25.9 grams per tonne (g/t) gold over 13.5 metres.
As well, shares of Continental Nickel (TSX: V.CNI, Stock Forum) shot up 42% to 71 cents as the micro cap explorer reported that the first drill hole of its recently completed seven hole "Phase II" diamond drilling program at the newly discovered "Sleeping Giant" zone on the Nachingwea Project in Tanzania has intersected nickel-copper sulphide mineralization, which included a 9.3 metre interval grading 5.01% nickel and 0.77% copper.
In Tuesday trading, Commander Resources (TSX: V.CMD, Stock Forum) jumped 27% to 19 cents after the junior reported that its option partner, Maritime Resources Corp. (TSX: V.MAE, Stock Forum) has recently completed a series of geophysical surveys over the Orion gold deposit and was successful in identifying a number of favourable gold targets on the property near Springdale, Newfoundland. Two completely new targets have been developed and two others confirmed. A 4,000-metre drill program is planned for next month.
Also, shares of Bison Gold Resources (TSX: V.BGE, Stock Forum) shares rose 11% to 26 cents as the junior announced a change to its board of directors and a $400,000 convertible debenture financing. The company said George Pirie has resigned from the board following his appointment as President and chief executive officer of San Gold Corp. (TSX: T.SGR, Stock Forum).
Wednesday’s market action saw shares of Nordic Oil and Gas (TSX: V.NOG, Stock Forum) surge 9% to 12.5 cents on news that the junior has commenced drilling on a new exploration well in Endeavour, Saskatchewan. Drilling is expected to take four to five days to complete, the company said.
In addition, shares of Eagle Hill Exploration (TSX: V.EAG, Stock Forum) added 7% at 23.5 cents on drill results from the Windfall Lake gold property near Val D’Or, Quebec. The junior said one of the first three holes coughed up a 9.90-metre intersection that averaged 18.82 grams gold per tonne. Trading in Eagle Hill was heavy with over 12.4 million shares changing hands in early trading.
On Thursday, St. Eugene Mining (TSX: V.SEM, Stock Forum) shares powered 100% higher to 26 cents after the micro cap explorer announced that recent assaying of the historical core at its Amisk Gold Joint Venture Project in the Flin Flon Greenstone Belt of Saskatchewan with Claude Resources (TSX: T.CRJ, Stock Forum) has returned gold and silver grades over long intervals, including 53.5 metres averaging 6.86 grams per tonne (g/t) gold and 21.4 g/t silver. Claude holds a 65% interest and is the operator of the Amisk Gold Project.
As well, shares of WesternZagros Resources (TSX: V.WZR, Stock Forum) moved up as much as 33% to 64 cents as the oil and gas producer/explorer reported successful test results at the Kurdamir-1 well in the Kurdistan Region of Iraq, which proves the existence of an oil column in the Oligocene reservoir. Sproule International Limited has completed an independent audit, which confirms a 327 metre combined gas and oil hydrocarbon column in the Oligocene. Consequently, the company's best estimate of gross contingent gas and condensate resources has increased to 850 billion cubic feet (BCF) and 33 million barrels (MMBBL), respectively, as of December 14, 2010. WesternZagros' best estimate of gross unrisked prospective oil resources has increased to 260 MMBBL as of December 14, 2010, and its best estimate of gross contingent oil resources is 6.5 MMBBL.
And, in Friday trading, Otish Energy (TSX: V.OEI, Stock Forum) shares climbed 15% to 23.5 cents after the micro cap explorer announced it has signed a letter of intent with Misters Clinton and Henry Alphonso, of Georgetown Guyana, SA, whereby the company will acquire all of the hardrock mining rights in the Guyana Geology and Mines Commission Large Scale Prospecting Licence No. 01/2009 in the Kaburi Area, Mazaruni, Guyana SA. The consideration payable by the company for the purchase of the rights will be US$150,000 and 900,000 common shares in the capital of the company.
Finally, shares of Columbus Gold (TSX: V.CGT, Stock Forum) gained 21% to 82 cents as the junior miner said it has extended its agreement with Cordilleran Exploration Company to design, initiate and carry out generative and mineral exploration activities in Nevada and elsewhere in the United States on behalf of Columbus Gold until December 31, 2011. Cordex' mandate includes the identification of prospective acquisition opportunities for Columbus Gold and to design and carry out exploration programs on the company's portfolio of properties.