Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, September 6, 2011
TORONTO (SHfn) – Happy Creek Minerals (TSX: V.HPY, Stock Forum) shares climbed 14% to 25 cents on Tuesday after the micro cap miner reported results of additional drilling from its on-going exploration on the Rateria property in British Columbia, which included 162.5 metres of 0.32% copper and 2.1 grams per tonne (g/t) silver starting from 150.0 metres.
As well, shares of Inca Pacific Resources (TSX: V.IPR, Stock Forum) shot up 76% to 58 cents as the junior explorer announced that it has entered into a definitive arrangement agreement to be acquired by Compania Minera Milpo S.A.A. for 61 cents per common share in cash.
Open Range Energy (TSX: T.ONR, Stock Forum), meanwhile, reported the creation of Poseidon Concepts, a dividend-paying, publicly-traded energy service company. Open Range shareholders will receive 0.882 of a Poseidon common share for each common share of Open Range held. Open Range also said it has a target to exit 2011 at 6,200 boe per day. Open Range stock popped 40% to $8.95.
Shares of Vista Gold (TSX: T.VGZ, Stock Forum) jumped 14% to $3.98 after the gold junior reported the results of a new mineral resource estimate for the Batman deposit at its Mt. Todd gold project in Northern Territory, Australia, which showed a 17% increase in measured and indicated mineral resources to 5.98 million ounces, while the inferred mineral resource is estimated at 2.61 million ounces.
And, Claude Resources (TSX: T.CRJ, Stock Forum) Tuesday announced exploration results from its newly discovered L62 Zone at its 100% owned and operated Seabee Gold Operation in Saskatchewan, which included 261.28 g/t gold over 3.6 metres true width. Claude Resources shares added as much as 7% at $2.11.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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