On Monday, Pacific Wildcat Resources (TSX: V.PAW, Stock Forum) shares climbed 48% to $1.63 after the micro cap explorer reported that rare earth mineralization has been encountered in all 14 holes for which assay results have been received to date from its inaugural 31 hole, 974 metre Reverse Circulation drill program at its Mrima Hill Project in Kenya, which included 30 metres at 8.85% TREO (Total Rare Earth Oxides).
As well, shares of Explorator Resources (TSX: V.EXO, Stock Forum) shot up 30% to 65 cents as the junior miner announced that it has entered into an acquisition agreement whereby a wholly-owned subsidiary of Sociedad Punta del Cobre S.A. (Pucobre) will offer to acquire all of the issued and outstanding common shares of Explorator that Pucobre does not already own for 68.5 cents per share in cash. The acquisition cost to Pucobre will be about $55 million for approximately 83% of the company, on a fully-diluted basis.
In Tuesday trading, Saturn Minerals (TSX: V.SMI, Stock Forum) shares jumped 102% to 46.5 cents after the micro cap miner reported the discovery of a thick coal seam on the Overflowing Property in Manitoba. Six drill holes encountered coal seams of “significant” thickness, the thickest being in drill hole QP227-04, which encountered 88.98 metres of a single coal seam beginning at a depth of 45.65 metres.
Also, shares of Magma Metals (TSX: T.MMW, Stock Forum) moved up 23% to 35 cents as the junior explorer provided drill results from the winter drilling program at its Thunder Bay North platinum-palladium-copper-nickel (Pt-Pd-Cu-Ni) project in Ontario, which included 53.65 metres of 3.86 grams per tonne (g/t) Pt, 3.72 g/t Pd, 0.92% Cu and 0.51% Ni.
Wednesday’s market action saw shares of Sea Dragon Energy (TSX: V.SDX, Stock Forum) surge as much as 14% to 24 cents after the oil and gas producer/explorer reported its 2010 annual and fourth-quarter financial and operating results, which included a jump in proved plus probable reserves by 382% to 8.2 million boe from 1.7 million boe in 2009.
In addition, shares of Noveko International (TSX: T.EKO, Stock Forum) gained 20% to 39 cents as the provider of solutions in the environmental and medical fields announced that advances have been achieved in its various air filtration related segments in the U.S., European and Asian real estate markets and in the Montreal area, where a growing portfolio of buildings are equipped with Noveko filters, as well as in the transportation industry and the swine industry.
On Thursday, International Northair Mines (TSX: V.INM, Stock Forum) shares powered 22% higher to 61 cents after the micro cap explorer reported assays results from four holes of the Phase II core drill program presently underway at the La Cigarra silver project in Mexico, which included 48.05 metres of 140.6 grams per tonne (g/t) silver.
As well, shares of Barker Minerals (TSX: V.BML, Stock Forum) rose 91% to 10.5 cents as the junior miner announced analytical results from the previously announced 2010, 2000-metre trenching program on its 100% owned silver/gold/lead Black Bear project in British Columbia. Grab samples reported up to 116 ounces per ton (oz/t) silver and 59% lead at the Providence target and a chip sample from the Hunt vein reported 34 oz/t silver and 37.1% lead over a one-metre width.
And, in Friday trading, NGEx Resources (TSX: T.NGQ, Stock Forum) shares climbed 35% to $2.62 after the miner reported results from a further four diamond drill holes completed this season at the Los Helados project in Chile, which included 701 metres of 0.67% copper, and 0.30 grams per tonne (g/t) gold.
Finally, shares of Planet Exploration (TSX: V.PXI, Stock Forum) added 14% at 40 cents as the junior explorer announced the discovery of what the company called “widespread elevated gold” within a 2000+metre long soil anomaly at the Golden Loon property in British Columbia. The company claims this discovery doubles the area of previously reported gold-in-soils and suggests that a broad, widely gold mineralized structural network underlies the property.