Stockhouse Canadian Small and Micro-cap Stock Report for Friday, December 9, 2011
TORONTO (SHfn) – North American Potash Developments (TSX: V.NPD, Stock Forum) shares climbed 15% to 15 cents on Friday after the micro cap miner reported all assay results from its recent 3,449 foot rotary drill and core hole on its Lisbon Valley Potash Project in Utah, which show that exploration targets K-6 and K-9 total 15 feet in thickness, at an average K2O concentration of 10.4% (equivalent to 16.4% KCl).
As well, shares of Shear Diamonds (TSX: V.SRM, Stock Forum) added 11% at 30 cents as the diamond explorer/developer announced that it has signed agreements with Taché Company N.V. securing debt financing and forming a strategic alliance under which Taché will purchase the diamond production from Shear's Jericho diamond project in Nunavut.
Strait Gold (TSX: V.SRD, Stock Forum), meanwhile, said it has signed a binding agreement with Teck Peru S.A., a wholly-owned subsidiary of Teck Resources, giving Teck Peru an option to earn up to a 75% interest in Strait Gold's Alicia copper-gold property in Peru by spending up to $30 million on exploration at Alicia or delivering a pre-feasibility study, making $500,000 in cash option payments. Strait Gold stock popped 15% to 11.5 cents.
And, Canadian Zinc (TSX: T.CZN, Stock Forum) Friday reported that the Mackenzie Valley Environmental Impact Review Board has approved the proposed operation of the Prairie Creek Mine in the Northwest Territories. Canadian Zinc shares jumped 9% to 76 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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