On Monday, Calibre Mining Corp. (TSX: V.CXB, Stock Forum) soared 16.7% to seven cents after the exploration and mine development company provided a further update on the company's exploration activities and recent discoveries at the 100% owned high grade Montes de Oro gold project on the Borosi Concessions, northeast Nicaragua. Highlights from recent trenching included 17.0 metres grading 17.95 grams per tonne gold, 20.5 grams per tonne silver, 0.12% copper and 2.75% zinc
Contact Exploration Inc. (TSX: T.CEX, Stock Forum) climbed 6.4% to 25 cents after the oil and gas company announced that Pieridae Energy (Canada) Ltd., an energy infrastructure development company, had entered into a long-term sales agreement with E.ON Global Commodities SE, a subsidiary of E.ON SE, and one of the world's largest investor-owned power and gas companies, for the purchase of liquefied natural gas from the Goldboro LNG project being developed by Pieridae in Nova Scotia, Canada. Under the agreement, Pieridae is to deliver approximately five million tons per annum of LNG to E.ON for 20 years into a number of locations in Western Europe. Contact and Pieridae are the partners in Pieridae Production Ltd. Partnership, a natural gas-focused exploration and production entity formed to source, develop and produce natural gas to serve as significant portion of the feedstock for the Goldboro LNG project.
In Tuesday trading, 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.
On Wednesday, Bellhaven Copper & Gold Inc. (TSX: V.BHV, Stock Forum) soared 46.7% to 11 cents after the exploration company announced that the first drill hole collared over the core region of the magnetic anomaly at La Garrucha delivered one of the company's best intercepts ever, 217 metres of 1.3 grams per tonne gold and 0.15% copper. Given these results together with the large size of the core of the magnetic anomaly, 350 metres by 250 metres, Bellhaven believes it now has made a major discovery less than one kilometre away from the company's La Cantera and Middle Zone prospects, located in the Middle Cauca Belt of Colombia.
Temex Resources Corp. (, Stock Forum) climbed 10.7% to 15.5cents after the gold exploration company announced assay results from the surface diamond drilling campaign on the Whitney project located in Timmins, Ontario. The drill program, which resumed in March, is being conducted in the past-producing Upper Hallnor Mine area and is targeting additional high grade gold resources in the Upper Hallnor and Bonetal areas, the expansion of current in-pit gold resources, as well as follow-up drilling of a significant new gold discovery reported earlier this year. Highlights from recent drilling included over 6.2 metres grading 8.84 grams per tonne gold including 2.7 metres grading19.83 grams per tonne gold and 1.2 metres of 37.43 grams per tonne gold.
On Thursday, 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.
And, in Friday trading, Labrador Iron Mines Holdings Ltd. (TSX: V.LIM, Stock Forum) jumped 6.4% to 50 cents after the iron ore producer announced its first shipment of iron ore for 2013. The JK Pioneer, a Cape-size vessel carrying 174,360 wet metric tonnes of the company’s iron ore, has sailed from the Port of Sept-Îles, bound for China. The first shipment consisted of sinter fines largely comprised of stockpiled material at the mine site and some port inventory, at a planned average grade of about 58% iron. Subsequent shipments during 2013 will be sinter fines and lump ore at a planned average grade of approximately 62% iron. Total saleable iron ore production in 2013 is expected to be between 1.75 to 2.0 million tonnes.
Mandalay Resources Corp. (TSX: T.MND, Stock Forum) lost 2.3% to 85 cents as the resource company reported that Plinian Capital Ltd., a private equity firm, had sold two million common shares of Mandalay, representing approximately 0.6% of the 325.1 million outstanding common shares of the company. As of June 6, 2013, Plinian owns 25.3 million common shares of Mandalay, representing approximately 7.8% of the total outstanding common shares. According to Plinian, the common shares were disposed to repay indebtedness.