On Monday, First Uranium Corporation (TSX: T.FIU, Stock Forum) shares climbed as much as 15% to 15.5 cents on more than one million shares traded after the micro cap miner said it has entered into a binding letter agreement providing for the sale of First Uranium Limited, a wholly-owned subsidiary of the company which owns all of the shares of Ezulwini Mining Company Limited, to Gold One International.
As well, shares of Catch the Wind (TSX: V.CTW, Stock Forum) added as much as 13% before slipping 10% to close at 13.5 cents as the provider of optical, electronic and mechanical products announced the successful completion of the transfer of the Vindicator Optical Control Systems (OCS) into volume manufacturing.
In Tuesday trading, Montero Mining and Exploration (TSX: V.MON, Stock Forum) shares jumped 29% to 18 cents after the micro cap explorer announced that it has signed a non-binding Memorandum of Understanding (MOU) with Star Earth Minerals (Pvt) Limited, a rare earth chemical company based in India. Star is seeking to secure a consistent supply of Light Rare Earths from Montero's Wigu Hill REE Project in Tanzania in order to supply its customers in the glass, ceramic and catalyst industries.
Also, shares of Petro Viking Energy (TSX: V.VIK, Stock Forum) shot up 54% to 37 cents on volume of more 2.8 million shares as the oil and gas explorer/developer said it has entered into a letter of intent to acquire 100% of the issued and outstanding shares in the capital of Grisham Assets Corp. Grisham is a private company whose principal asset is an agreement to acquire an 80% interest in blocks 1810, 1710, and 2913B offshore the coast of Namibia, Africa, covering an area of more than 20,000km2.
Wednesday’s market action saw shares of Noront Resources (TSX: V.NOT, Stock Forum) surge as much as 10% to 66 cents after the explorer announced an updated, independent Mineral Resource Estimate for its 100% owned Blackbird chromite deposit at the McFaulds Lake Project in northern Ontario. Highlights included a tripling of the previous resource, which now stands at a Measured and Indicated Resource of 20.5 million tonnes averaging 35.76% Cr2O3 and 1.97 Cr:Fe.
In addition, shares of Noveko International (TSX: T.EKO, Stock Forum) moved up 19% to 28.5 cents as the provider of solutions in the environmental and medical fields reported that its subsidiary, Noveko Inc., has delivered the first Noveko-IDP filters to Air Transat to equip its entire Airbus A330 fleet.
On Thursday, Corvus Gold (TSX: T.KOR, Stock Forum) shares powered as much as 13% higher to 87 cents after the micro cap explorer reported initial results from select intervals in the first three holes of the phase I Feeder Zone exploration program at its 100% controlled North Bullfrog Project in Nevada, which included 11.4 metres of 4.0 grams per tonne (g/t) gold.
As well, shares of Avion Gold (TSX: T.AVR, Stock Forum) slipped 12% to $1.20 on volume of more than 20.3 million shares as the gold junior announced that it is monitoring and keeping watch on events in Mali where it has been reported that members of the Army have mounted a coup attempt. Avion has 80% ownership of the Tabakoto and Ségala gold projects in Mali.
And, in Friday trading, Sienna Gold Inc. (TSX: V.SGP, Stock Forum)jumped 4% to 38.5 cents on results from the latest drill holes at Callanquitas on the Igor project, La Libertad, Peru. Highlights from six holes (1,548.85 meters) included 17.6 metres at 3.082 grams per tonne gold, and 251.1 grams per tonne silver within an overall interval of 48.7 metres at 1.317 grams gold and 141.2 grams silver. “These new results are very significant,’’ said Warren Pratt, a director with Calgary-based Sienna. “ Firstly, they keep demonstrating the continuity of the Callanquitas Structure over at least 900 m of strike length.” Secondly, he said, results from drilling have established the presence of a major high grade zone, with many multi-kg silver grades, in the centre of the Structure.
Calico Resources Corp. (TSX: V.CKB, Stock Forum) rose 1.3% to 38 cents after reporting a significant increase in both contained ounces and average gold grade at the Grassy Mountain Deposit in Oregon. In addition to increasing the gold resource, a NI 43-101 compliant silver resource and a NI 43-101 compliant higher-grade component of the gold resource, suitable for underground mining operations, are being reported for the first time.
“We believe these results confirm that there remains significant upside potential to continue to grow the Grassy Mountain resource,’’ said Bill Wagener, Calico’s President and Chief Executive Officer.