On Monday, Bayfield Ventures (TSX: V.BYV, Stock Forum) shares climbed 51% to 89 cents after the micro cap explorer reported gold and silver intercepts on its 100% owned Burns Block property in the Rainy River District of northwestern Ontario, which included 79.50 metres of 8.66 grams per tonne (g/t) gold and 57.67 g/t silver.
As well, shares of Global Railway Industries (TSX: T.GBI, Stock Forum) shot up 21% to $1.80 as the company announced that its wholly-owned subsidiary, CAD Railway Industries Ltd., has been awarded a contract for the refurbishment of railway passenger cars by Metrolinx, an agency of the Government of Ontario. The contract award is subject to finalization of the terms and conditions of the contract, and meeting requisite insurance and contract security requirements.
In Tuesday trading, Grande Portage Resources (TSX: V.GPG, Stock Forum) shares jumped as much as 21% to 17 cents after the micro cap miner reported the completion of its first diamond core hole (11E-1) of the 2011 drill campaign at its Herbert Glacier project in Alaska. Initial inspection showed visible gold in several locations throughout the mineralized intercepts.
Sama Resources (TSX: V.SME, Stock Forum), meanwhile, reported it has entered into a non-brokered private placement with MMR Exploration Limited (a subsidiary of Minmetals Resources Limited (HKSE 1208)) of 3,650,000 units at a price of 60 cents per unit, for total gross proceeds of $2.19 million. Sama stock popped 18% to 47 cents.
Wednesday’s market action saw shares of Petrolia (TSX: V.PEA, Stock Forum) surge 31% to $2.48 after the oil and gas explorer reported results of an independent resource assessment of the Macasty Shale in Quebec by reserves evaluator Sproule Associates Limited of Calgary (Sproule). Based on data available at this time, Sproule's best estimate of the Total Petroleum Initially-In-Place is 30.9 billion barrels of oil for the Petrolia land interest holdings.
Also, shares of Commerce Resources (TSX: V.CCE, Stock Forum) moved up 13% to 69 cents as the junior miner announced assay results for the first four of seven drill holes completed during the 2011 winter drilling program at the Ashram Rare Earth Element Zone at its Eldor Project in Quebec, which included 2.10% Total Rare Earth Oxides (TREO) over 586.92 metres.
On Thursday, Contact Exploration (TSX: V.CEX, Stock Forum) shares rose 12% to 19 cents after the onshore oil and gas explorer/developer reported that an independent reserves evaluation of its oil and gas assets has been completed by Martin & Brusset Associates in accordance with the COGE Handbook. Net Proved oil reserves increased in 2011 by 91% above reserve volumes reported in 2010 from 147,000 barrels to 281,000 barrels.
In addition, Mineral Mountain Resources (TSX: V.MMV, Stock Forum) reported that a 3,000-metre drill program, designed to drill test three kilometric-scale, gold and silver anomalies defined during our 2010 field program, has begun at its 100% owned Kootenay Arc Gold Project in British Columbia. Highlights included 12 bedrock grab samples collected from 120-metre long Black Warrior Anomaly that averaged 3455.9 grams per tonne (g/t) silver. Mineral Mountain shares added 15% at 54 cents.
And, in Friday trading, Canadian stock markets were closed for the Canada Day holiday.