Exploration junior up 75% on option agreement

Stockhouse Canadian Small and Micro-cap Stock Report for Thursday, June 6, 2013 VANCOUVER (SHfn) –

Source Exploration Corp. (TSX: V.SOP, Stock Forum) soared 75% to 3.5 cents after the mineral explorer successfully negotiated an extension to an option to acquire the Pepe, Pepe Tres, and San Jose concessions on the Las Minas property in Veracruz State, Mexico. The option has now been extended by two years to Dec. 5, 2015. "The extension provides additional time to maximize the potential resource that has been outlined by drilling programs as well as the recently completed geophysical surveys,” said Brian Robertson, President and CEO. “We are currently evaluating options for advancing the property."

Global Minerals Ltd. (TSX: V.CTG, Stock Forum) was up 13% to 13 cents after the junior announced the results of 12 new drill holes from its Strieborná silver/copper project in Slovakia. Highlights from recent drilling include 11.7 metres of 507 grams per tonne silver and 1.8% copper as well as 18.2 metres grading 427 grams per tonne silver and 1.3% copper.

Colorado Resources Ltd. (TSX: V.CXO, Stock Forum) lost 35% to 80 cents as investors assessed recent drilling results from the company’s North ROK property in northwest B. C. Highlights included 131.0 metres grading 0.56% copper and 0.68 grams per tonne gold along with 152.4 metres of 0.21% copper and 0.55 grams per tonne gold.