by rogerbiduk » Sat Sep 19, 2009 11:39:22 AM
Roger Biduk
On Monday, Decade Resources (TSX: V.DEC, Stock Forum) shares powered 26% higher to 69 cents after the micro cap miner announced that it has completed nine diamond drill holes testing the Montrose zone on the Red Cliff project in British Columbia. Results included an intersection of 28.4 meters of 7.3 grams/tonne (g/t) gold.
As well, shares of Bridgewater Systems (TSX: T.BWC, Stock Forum) added 15% at $7.89 as the mobile personalization company said it has been selected by four U.S-based WiMAX service providers to accelerate the launch of 4G broadband services to over 500 un-served and underserved communities across rural America.
In Tuesday trading, Dios Exploration (TSX: V.DOS, Stock Forum) shares climbed 24% to 20.5 cents after the micro cap explorer reported that it made a uranium discovery during the 2009 Hotish systematic ground prospecting and exploration program in Quebec. Discovered in outcrops, the new GODZILA showing appears as a 3-4 meters wide by 25 meters long (minimum) corridor made of fractures within granitic rocks showing a N 020 strike. The fractured corridor yielded 12,000 to 44,000 counts per second (cps) of radioactivity and field measurement on RS-125 assayed between 1,013 and 9,623 ppm U (uranium in parts per million) with “good” uranium over thorium ratios (19 to 500).
Roger Biduk
Also, shares of DualEx Energy International (TSX: V.DXE, Stock Forum) shot up 15% to 42.5 cents as the oil and gas explorer announced that drilling and initial completion operations have concluded at the Pen-105 well on the Nyirseg South permit in Hungary. The well was drilled to total depth of 1,487 metres and completed in the Miocene volcaniclastics reservoir section that tested gas in the original Pen-12 well drilled in 1982 on the same structure. Nine metres of reservoir were perforated over three intervals in the target formation. All three zones flowed gas, two with condensate. Permitting of the pipeline that will be used to bring the gas to market is underway and construction is planned so that gas sales from this well can commence early in 2010.
Wednesday’s market action saw shares of Merc International Minerals (TSX: V.MRK, Stock Forum) jump18% to 45.5 cents after the micro cap miner released results for four more drill holes from its ongoing gold resource expansion program on the Damoti Lake Gold Project in the Northwest Territories, which included 21.35 grams per tonne (g/t) gold over five metres.
In addition, shares of Æterna Zentaris (TSX: T.AEZ, Stock Forum) moved up 30% to $1.45 as the global biopharmaceutical firm focused on endocrine therapy and oncology announced that Keryx Biopharmaceuticals, its partner and licensee for perifosine in the North American market, has received orphan-drug designation for this compound from the U.S. Food and Drug Administration (FDA) for the treatment of multiple myeloma.
On Thursday, Canasia Industries (TSX: V.CAJ, Stock Forum) shares surged 36% to 24.5 cents after the micro cap explorer announced that the second phase of drilling on the Clone gold property southeast of Stewart, British Columbia, is now complete and six of the 15 holes drilled in phase two contained visible gold in sections. The operator has recently informed CAJ that due to high gold values obtained during the first phase of assaying, the results are being re-checked prior to release from Pioneer Laboratories.
Roger Biduk
As well, shares of Strateco Resources (TSX: T.RSC, Stock Forum) gained 25% to 99 cents as the junior miner reported that the indicated mineral resources at its Matoush property in Quebec has doubled in the past 12 months to reach 436,000 tonnes grading 0.78% U3O8 containing 7.46 million pounds U3O8.
And, in Friday trading, Mansfield Minerals (TSX: V.MDR, Stock Forum) shares soared 41% to 83 cents after the junior miner provided a prefeasibility study update on the Lindero heap leach oxide gold deposit in Argentina. The Lindero gold deposit hosts an NI 43-101 compliant measured and indicated oxide gold resource of 70.3 MT grading 0.72 grams/tonne containing 1.6 million oz gold. There is an additional 270,000 oz gold at 0.61 grams/tonne in the inferred category. The prefeasibility study is presently modeling an open-pit heap-leach operation, which suggests a mining rate (total material moved) ranging from 12 to 22 million tonnes per annum, delivering seven to nine million tonnes per year to the leach pad at strip ratios in the 1.0 to 1.3 to 1 range. The above projections are based upon the project metrics that are presently known, however the company cautions that the mineral resources are not mineral reserves and have not been demonstrated to be economically viable.
Finally, shares of Falcon Oil & Gas (TSX: V.FO, Stock Forum) climbed 15% to 54 cents as the energy firm focused on acquiring, exploring and developing large acreage positions of unconventional and conventional oil and gas resources announced that ExxonMobil, which is the operator in the company's joint production and development project located in the Mako Trough in Hungary, has commenced fracture stimulation and testing operations at the Foldeak -1 well in the lower part of Szolnok Formation.
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