On Monday, Grizzly Discoveries (TSX: V.GZD, Stock Forum) shares climbed 36% to 75 cents after the micro cap miner said exploration work is underway on its Alberta Potash Project. “We are aggressively pursuing the development of this project given our belief that agricultural products and foodstuffs could experience significant inflation over the next several years. We are excited and encouraged that the Alberta Potash Project has the potential for economic concentrations of potash in an industry-friendly province such as Alberta where the tax regime and royalty structure is favorable. This economic environment, combined with the immense size of the project and indications of historic potash mineralization at depths favorable for solution mining, bode very well for the future results of our exploration," said Grizzly Discoveries President and Chief Executive Officer Brian Testo.
As well, shares of Intertainment Media (TSX: V.INT, Stock Forum) added 11% at $1.68 as the company announced that its social media, real time, language translation platform, Ortsbo.com, continues to accelerate, reaching 13.1 million unique monthly users, month over month for the period ended April 25, 2011.
In Tuesday trading, Golden Predator (TSX: T.GPD, Stock Forum) shares jumped 14% to $1.20 after the micro cap explorer reported final assay results from its winter 2011 diamond drilling campaign at its Brewery Creek Project in the Yukon, which included 74 metres of 7.08 grams per tonne (g/t) gold.
Also, shares of Western Potash (TSX: V.WPX, Stock Forum) shot up as much as 18% to $1.41 as the junior miner announced the receipt of an updated NI 43-101 compliant Mineral Resource Estimate for its Milestone property in Saskatchewan. This updated resource estimate increases the Milestone extractable Potash Resource to 64 million tonnes of Measured Resource (contained KCl), 180 million tonnes of Indicated Resource, and 701 million tonnes of Inferred Resource.
Wednesday’s market action saw shares of Castillian Resources (TSX: V.CT, Stock Forum) surge as much as 26% to 19.5 cents after the micro cap miner reported further drill results of the down dip extension of the Mine Zone at the Hope Brook Gold Project in Newfoundland, which included 11.44 grams per tonne (g/t) gold and 0.52% copper over 29.2 metres.
In addition, shares of Rogue Resources (TSX: V.RRS, Stock Forum) moved up as much as 24% to 41 cents as the junior explorer said it has completed its option agreement to earn a 100% interest in the Radio Hill Iron Ore property located in the Timmins mining district of Ontario.
On Thursday, CBM Asia Development (TSX: V.TCF, Stock Forum) shares powered 31% higher to 23 cents after the unconventional gas company announced that MedcoEnergi has measured a high degree of coal seam gas saturation in the CBM-SE-02 well at the Sekayu coalbed methane production sharing contract in South Sumatra. Coal seam gas content was measured at approximately 100 scf/ton (dry, ash-free basis), with an estimated 93% level of gas saturation. Gas composition has not yet been determined but the gas being produced to surface is flammable.
As well, shares of MetroBridge Networks International (TSX: V.MEB, Stock Forum) gained 100% to 25 cents as the company said TeraGo Networks, a wholly-owned subsidiary of TeraGo Inc. (TSX: T.TGO, Stock Forum), will acquire substantially all of MetroBridge's customers, related network infrastructure, real estate leases, and other assets for approximately $6 million.
And, in Friday trading, Trijet Mining (TSX: V.TJT, Stock Forum) shares climbed 40% to 14 cents after micro cap explorer announced the acquisition by staking of a Rare Earth Element (REE) property located 200 km ENE of the town of Schefferville, Quebec. The property consists of 119 mineral claims covering 5,819 hectares and occurs within the Mistastin Batholith.
Finally, shares of Route1 (TSX: V.ROI, Stock Forum) rose 38% to 22 cents as the security and identity management company said it has been awarded a blanket purchase agreement by the United States Department of the Interior, U.S. Fish and Wildlife Service subject to Route1's final execution, which is expected to occur during the upcoming week. The term of the blanket purchase agreement is five years from the date of the award, with the total value of the agreement valued at US$25 million.