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Calibre Mining (V.CXB) soars 113% on exploration results: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| August 15, 2013

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Here are the most active stocks on Thursday mid-morning on the TSX and TSX Venture Exchange.

On Thursday, the top TSX mover was Telus Corp. (TSX: T.T, Stock Forum). The stock gained 5% and was trading at $32.16 on volume of 3.6 million.

On August 15, the communications company announced that it will purchase and cancel up to 6.5 million of its common shares through private agreements with an arm's-length third-party seller.

Intertape Polymer Group Inc. (TSX: T.ITP, Stock Forum) was the second most active stock on the TSX. It rose 11.2% and was trading at $13.11 on volume of 2.5 million shares.

On August 1, the packaging systems company scheduled a conference call for Thursday, August 15 at 10 a.m. ET.

Fission Uranium Corp. (TSX: V.FCU, Stock Forum) was the volume leader on the TSX Venture Exchange. It was up 8.3% and was trading at $1.31 on volume of 2.7 million.

Today, the resource company and its joint venture partner Alpha Minerals Inc. (TSX: V.AMW, Stock Forum) announced the discovery of a fourth zone of uranium mineralization and off-scale radioactivity located 165 metres grid-east of Zone R780E on its Patterson Lake South property in the Athabasca Basin, Saskatchewan. This fourth zone is referred to as the R945E zone. Hole PLS13-084, drilled on section line R945E, has returned 2.7 metre total composite off-scale (>9999 cps) mineralization, in 18.0 metre mineralization. The hole is still in progress at a depth of 302.0 metres and further material information as warranted will be provided.

The second most active stock on the TSX Venture was Calibre Mining Corp. (TSX: V.CXB, Stock Forum). It soared 112.5% and was trading at $0.085 after 2.4 million shares changed hands.

Today, the exploration and development company provided an update on activities at the 100% owned Montes de Oro target within the Siuna District, Borosi Concessions, northeast Nicaragua. Results from extensions of trench MTR13-009 have expanded the high grade mineralized intercept to 52.3 metres grading 7.1 grams per tonne gold. Additional trench results returned from recent work include; 23.0 metres grading 5.25 grams per tonne gold (MTR13-017) including 9.0 metres grading 10.15 grams per tonne gold, 16.2 metres grading 4.68 grams per tonne gold (MTR13-019) including 6.0 metres grading 10. grams per tonne gold. Montes de Oro, trenching has partially tested a strong coincident gold-silver-copper-lead-zinc soil anomaly extending over a 400 metre by 650 metre area which remains open to the northeast.


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