Uranium junior up 9% on resource estimate

Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, June 4, 2013 VANCOUVER (SHfn) –

UEX Corp. (TSX: T.UEX,Stock Forum) climbed 8.8% to 49.5 cents after the uranium exploration and development company announced the completion and filing of an updated NI 43-101 technical report dated May 31, updating the Shea Creek project mineral resource estimate. The updated uranium mineral resource estimate for the four Shea Creek deposits at a cut-off grade of 0.30% totaled 67.66 million pounds of U3O8in the indicated mineral resource category - an increase of 6% and 28.19 million pounds of U3O8 in the inferred mineral resource category - an increase of 15%. Shea Creek is located in the western Athabasca Basin of northern Saskatchewan, Canada, and is owned 49% by UEX and 51% by AREVA Resources Canada Inc., a private mining company that operates the project.

Appalaches Resources Inc. (TSX: V.APP, Stock Forum) was up 7.7% to seven cents after the base and precious metals company announced the launching of the final recruitment and procurement phase in order to resume gold production at its Dufferin Mine in late 2013. Ressources Appalaches is seeking motivated and qualified team players in a number of key positions for its underground Dufferin Mine in Port Dufferin, Nova Scotia.

Kootenay Silver Inc. (TSX: V.KTN, Stock Forum) rose 5.4% to 97 cents after the development company announced assay results from drill holes DH 141 to 188 as part of its Phase V drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. Drilling highlights included hole DH 186 with over 31.7 metres grading 200 grams per tonne silver, 1.21 grams per tonne gold and 1.79% lead plus zinc including over 5.0 metres grading 808 grams per tonne silver, 1.83 grams per tonne gold and 6.88% lead plus zinc.

Brigus Gold Corp. (TSX: T.BRD, Stock Forum) lost 2.9% to 68 cents on Tuesday after the production company reported additional high grade drilling results from the Grey Fox South Zone on the Grey Fox property, located in Timmins, Ontario. According to Brigus, these drill results will increase the current gold resource and further confirm the potential for both an open pit and underground mine. The highlights from the drilling results included 15.0 metres grading 5.79 grams per tonne gold and 86.0 metres grading 2.05 grams per tonne gold.Three drill rigs actively working on the property will continue to systematically drill the Grey Fox South, 147 and Contact zones throughout the year.