On Monday, Indigo Exploration (TSX: V.IXI, Stock Forum) shares climbed as much as 33% before ending the day down 4% after the micro cap miner reported that it has received assay results from the six reverse circulation drill holes completed at the Vein 3 target at its Moule Gold Permit, Burkina Faso, West Africa, which included 29.67 grams per tonne (g/t) gold over seven metres.
As well, shares of Lignol Energy (TSX: V.LEC, Stock Forum) shot up 35% to 17.5 cents as the biofuels and renewable chemicals technology company announced the development and trials of its first renewable chemical product, a resin adhesive formulation using Lignol's Lignin for making Oriented Strand Board, which is a composite wood board material widely used throughout the North American construction industry.
In Tuesday trading, Treasury Metals (TSX: T.TML, Stock Forum) shares jumped 23% to $1.69 after micro cap explorer reported additional drill results from its current 20,000 metre diamond drilling campaign to upgrade mineral resources at the Goliath Gold Project near Dryden Ontario, which included 16.60 metres of 32.73 grams per tonne (g/t) gold.
Also, shares of Creston Moly (TSX: V.CMS, Stock Forum) moved up 24% to 57 cents as the junior miner announced that it has entered into a definitive arrangement agreement pursuant to which Mercator Minerals (TSX: T.ML, Stock Forum) will acquire all the outstanding common shares of Creston. Under the plan of arrangement, shareholders of Creston will receive 0.15 of a common share of Mercator and eight cents a share in cash, in respect of each common share of Creston. The proposed transaction values Creston at approximately $195 million.
Wednesday’s market action saw shares of Reef Resources (TSX: V.REE, Stock Forum) surge 65% to 14 cents after the oil and gas producer/explorer announced that petrophysical analysis has been finalized on its Ausable # 5 well. Log analysis indicates 72 metres net pay of oil, natural gas liquids and natural gas in the Guelph and A2 formations in Ontario. Log analysis in the Guelph indicates net oil and gas liquids pay zone is 57 metres with porosity averaging 9.7%. Evidence of hydrocarbons was evident on core and logs throughout the Guelph formation.
Bear Lake Gold (TSX: V.BLG, Stock Forum), meanwhile, provided an NI 43-101 compliant resource estimate dated March 31, 2011, for the Cheminis resource at its Larder Lake Project in Ontario, which showed 335,000 tonnes grading at 4.07 grams per tonne (g/t) gold in the Indicated category for a total of 43,800 ounces of gold. In addition 1,391,000 tonnes grading at 5.22 g/t gold are estimated in the Inferred category for a total of 233,400 ounces of gold. Bear Lake stock popped 23% to 16 cents.
On Thursday, NSGold (TSX: V.NSX, Stock Forum) shares powered 28% higher to 64 cents after the micro cap miner said it has completed due diligence work on the Dios Padre Property and entered into a definitive option agreement with Cia Minera Pena Blanca SA de CV whereby NSGold can acquire 100% ownership of the Dios Padre Property. The Property, including the historic Dios Padre Silver Mine, is located in the State of Sonora, Mexico.
In addition, shares of Hy-Drive Technologies (TSX: V.HGS, Stock Forum) gained 30% to 13 cents as the hydrogen generating system developer said that its blutip Power Technologies division announced that its mining partner, Mining Technologies International Inc. (MT), has agreed to purchase an exclusive Manufacturing & Marketing Rights Agreement for the company's Hydrogen Generating System. The agreement will see MTI pay $2 million to blutip PowerTM, in quarterly instalments, in exchange for the exclusive manufacturing and global distribution licensing rights for Hy-Drive's Hydrogen Enhanced Diesel Combustion technology - for use with direct-driven rolling equipment applications in the surface mining, underground mining, tunneling, construction mining and off-highway market sectors.
And, in Friday trading, Calibre Mining (TSX: V.CXB, Stock Forum) shares climbed 23% to 19 cents after the micro cap explorer reported results from the first hole of the 2011 drill program at its 100% owned Riscos de Oro property in Nicaragua, which included 10.25 grams per tonne (g/t) gold and 288.25 g/t silver over 5.4 metres.
Finally, shares of Balmoral Resources (TSX: V.BAR, Stock Forum) rose as much as 20% to $1.86 as the junior miner announced drill results from its Martiniere Gold Project in Quebec, which included 10.51 g/t gold over 9.72 metres.