On Monday, Canadian stock markets were closed for the Family Day holiday in Ontario.
In Tuesday trading, Rockcliff Resources (TSX: V.RCR, Stock Forum) shares climbed 12% to 23.5 cents after the micro cap explorer said it has signed an option agreement to acquire a 100% interest in the former producing Dickstone VMS (copper-zinc) Mine located 30km west of Snow Lake, Manitoba, from Xstrata Copper Canada.
As well, shares of Running Fox Resources (TSX: V.RUN, Stock Forum) shot up 28% to 27.5 cents as the junior miner reported that it has received formal Toronto Stock Exchange-Venture approval for its agreement to acquire the remaining 50% of the Brett Gold Project in southeastern British Columbia.
Wednesday’s market action saw shares of White Canyon Uranium (TSX: V.WU, Stock Forum) jump 18% to 23 cents after the junior explorer said Denison Mines (TSX: T.DML, Stock Forum) has agreed to make a takeover offer to acquire 100% of the issued and outstanding shares of White Canyon at a price of AU 24 cents per share, or a total consideration of approximately AU$57 million (CDN$56.6 million).
Also, shares of Copper Fox Metals (TSX: V.CUU, Stock Forum) moved up 21% to $1.46 after the explorer reported the balance of the assay results from its 2010 diamond drilling program at the Schaft Creek porphyry deposit in British Columbia. Highlights included mineralization intersected in DDH CF405 has significantly extended the mineralization intersected in DDH CF398, by 175m to the east, and 100m below the mineralized intersection reported in DDH CF398. The zone is open at depth, to the north and to the east. DDHCF405 intersected 0.473% copper, 0.344 g/t gold, 0.023% molybdenum and 2.22 g/t silver (0.82% copper equivalent) from 164.0m to the bottom of the hole at 648.31m, a core interval of 484.31m.
On Thursday, International Northair Mines (TSX: V.INM, Stock Forum) shares powered 180% higher to 42 cents after the micro cap miner reported assay results from the first two holes of the current Phase II core drill program at the La Cigarra silver project in Mexico, which included 80.45 meters of 123.5 grams per tonne (g/t) silver.
Gold Standard Ventures (TSX: V.GV, Stock Forum), meanwhile, reported an agreement in principle for a non-brokered private placement of $11.95 million through the sale of 12,578,947 common shares at 95 cents per share. Net proceeds of the financing will be used to fund the advancement of Gold Standard's flagship Railroad Gold project in the southern Carlin Trend, additional exploration activities at its other projects in Nevada, and for general corporate purposes. Gold Standard stock popped 20% to $1.33.
And, in Friday trading, Midway Gold (TSX: V.MDW, Stock Forum) shares surged 22% to $1.66 after the gold junior reported that exploration drilling conducted in the fourth quarter of 2010 has resulted in an extension of the mineralized strike length by about 1.8 km to the south-southwest of the previously known gold resource at Spring Valley in Nevada.
Finally, shares of Western Wind Energy (TSX: V.WND, Stock Forum) gained 15% to $1.49 as the renewable energy production company announced that the first phase of the valuation process pursuant to the Substantial Issuer Bid process is completed. DAI Management Consultants estimates that the value of Western Wind's net equity position in the Windstar Project as of the expected Commercial Operation Date is US$206.8 million. There are 56,248,958 shares issued and outstanding in the company.