On Monday, Blue Sky Uranium (TSX: V.BSK, Stock Forum) shares climbed 27% to 37.5 cents after the micro cap explorer said it has received a Sighter Metallurgical Testwork Report from Independent Metallurgical Operations Ltd for the ANIT Uranium Project in Rio Negro Province, Argentina. This work demonstrates that most of the mineralized material from the ANIT can be significantly upgraded. Upgrading has the potential to significantly reduce processing and transportation costs, making the development of several satellite deposits utilizing one central processing facility economically attractive.
As well, shares of Serengeti Resources (TSX: V.SIR, Stock Forum) added 25% at 33 cents as the junior explorer reported that it has received results from a Geoscience BC commissioned study identifying a compelling, untested, multi-element Ah soil anomaly immediately adjacent to the Central copper-gold Zone at Kwanika in British Columbia. The newly identified 'Northeast Target' anomaly is defined by a strong copper-gold-silver-molybdenum response that is comparable in both magnitude and character to the response found over the known Central Zone deposit.
In Tuesday trading, Salazar Resources (TSX: V.SRL, Stock Forum) shares jumped 20% to $1.20 after the micro cap miner reported assay results from recent drilling at the El Domo deposit in Ecuador, which included 27.61 meters of mineralization averaging 2.12 grams per tonne (g/t) gold, 24.65 g/t silver, 4.97% copper and 1.11% zinc.
Also, shares of Acadian Mining (TSX: T.ADA, Stock Forum) shot up 20% to 42 cents as the junior resource company said it has signed a letter of intent with Selwyn Resources Ltd., whereby Selwyn would acquire the zinc and lead assets of Acadian for a cash consideration of $10 million.
Wednesday’s market action saw shares of Geomega Resources (TSX: V.GMA, Stock Forum) surge 25% to $1.62 after micro cap explorer reported the first drill results from its Phase I drilling program at the Montviel property in the Abitibi region of Quebec, which included 1.24% total rare earth oxides (TREO) over its entire 480 meters core length, from 21 to 501 meters, including a section of 2.03% TREO over 39.4 meters from 266.6 to 306 meters.
In addition, shares of CanAm Coal (TSX: V.COE, Stock Forum) moved up 15% to 27.5 cents as the junior miner announced that it and its wholly-owned subsidiary, Radar USA Hold Corp., have signed a letter of intent to acquire a 50% ownership stake in a privately-held coal producer (Targetco) from its principal shareholders. This producer operates three mines with average annual coal production of approximately 480,000 tons, or 40,000 tons per month.
On Thursday, Argex Mining Inc. (TSX: V.RGX, Stock Forum) gained 24% to 67 cents on Thursday after announcing the results of metallurgical test work, which reported the production of high purity 99.8% titanium dioxide from ore recovered from its 100%-owned La Blanche deposit near Baie-Comeau, Que. The company is hoping to advance the project towards production.
Stem Cell Therapeutics Corp. (TSX: V.SSS, Stock Forum) was also up 17% to 13.5 cents. The biotechnology company is focused on the development of drug based therapies for the treatment of nervous system diseases. The stock rose after the company said it has been granted a patent by the U.S. Patent and Trademark Office relating to Prolactin. The claims within the issued patent cover methods of using Prolactin to increase stem cell numbers in mammals suspected of having neurological diseases.
And, in Friday trading, NSGold Corp. (TSX: V.NSX, Stock Forum) was up 13% to 34 cents Friday after releasing assays from drilling at its Mooseland gold project in Halifax County Nova, Scotia. The junior said it has received assays from three of 26 holes. Highlights include 27 grams per tonne gold over a width of two meters. Drilling and assay results indicate significant intercepts of quartz structures and sulfides that assayed between 0.1 and 1.0 grams per tonne, the company added.
Eagle Hill Exploration Corp. (TSX: V.EAG, Stock Forum) was also up 14% to 32 cents on news of more drill results from the Windfall Lake gold property near Val D’Or, Quebec. Two of the five released holes have identified a new zone. The other three have expanded Zone 27 and continue to prove out the continuity of gold mineralization.