TORONTO (SHfn) – Calibre Mining (TSX: V.CXB, Stock Forum) shares sank 43% to 24.5 cents on volume of more than 9.7 million shares Monday after the micro cap miner and B2Gold (TSX: T.BTO, Stock Forum) reported further positive drill results at the Primavera Gold and Copper Porphyry joint venture project in Nicaragua, which included 146.5 metres of 0.65 grams per tonne (g/t) gold and 0.27% copper.
As well, shares of TomaGold (TSX: V.LOT, Stock Forum) shot up 23% to 80 cents as the junior explorer said it has entered into an agreement with Diagnos Inc. to acquire a 100% interest in 25 mineral claims covering 1,395 hectares (Lac a L'eau Jaune property) in the Chibougamau region, just northeast of TomaGold's Monster Lake property in Quebec.
Pele Mountain Resources (TSX: V.GEM, Stock Forum), meanwhile, announced results of an updated NI 43-101 Preliminary Economic Assessment on its Eco Ridge Mine Rare Earths and Uranium Project near Elliot Lake, Ontario. Highlights included a $2.16-billion cumulative pre-tax cash flow, $1.02 billion NPV (10% Discount Rate), and a 50% Internal Rate of Return. Pele Mountain stock popped 18% to 13 cents on more than 2.5 million shares traded.
And, International Millennium Mining (TSX: V.IMI, Stock Forum) Monday reported that it has entered into an option agreement to acquire 100% interest in the 2,919 hectare Lead, Silver, and Zinc Wild Goose property in British Columbia, in consideration for payments totaling $100,000 in cash and 500,000 common shares over five years, and by incurring $1.0 million of exploration or development expenditures over eight years. International Millennium shares rose 13% to 13 cents.
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