On Monday, Adroit Resources (TSX: V.ADT, Stock Forum) shares climbed 86% to 13 cents after the micro cap miner said it has acquired, through staking, the Red Vein VMS Property, located within the southern part of the Abitibi greenstone belt in northern Ontario, which covers a total area of 3,392 hectares and totals 212 contiguous claim units. The company believes there are numerous historical copper showings on the property and gold showings abound in the surrounding area.
As well, shares of Oro Gold Resources (TSX: V.OGR, Stock Forum) surged 31% to 38 cents as the junior explorer reported gold assay results for its 100% owned Trinidad property in Mexico, which included 8.50 grams per tonne (g/t) gold over 61.1 metres.
In Tuesday trading, Gold-Ore Resources (TSX: V.GOZ, Stock Forum) shares powered 15% higher to 23 cents after the micro cap miner said gold production at its 100% owned Bjorkdal Gold Mine in Sweden has been increasing steadily during 2008. During September, 2,692 ounces of gold were produced, which equates to an annualized production rate of 32,304 ounces. This increased productivity is directly related to increased grades and tonnages achieved from the underground unit of the mine.
Also, shares of MedMira (TSX: V.MIR, Stock Forum) shot up 11% to 10 cents as the developer of rapid diagnostics and rapid flow-through technology announced that it has made an initial shipment of its Multiplo HBV/HIV/HCV Rapid Tests to its regional distribution partner in Romania. They have received approval to sell Multiplo HBV/HIV/HCV in Moldova and Ukraine and will immediately begin selling to public health programs and participating in NGO tender opportunities.
Wednesday’s market action saw shares of Manson Creek Resources (TSX: V.MCK, Stock Forum) soar 71% to six cents after the micro cap miner reported results for the diamond drill program on the Meridian gold-silver project in British Columbia, which included one grab surface sample that assayed 194 grams per tonne (g/t) gold and 48.10 g/t silver.
In addition, shares of Warnex (TSX: T.WNX, Stock Forum) shot up 25% to 7.5 cents as the provider of laboratory services to the pharmaceutical and healthcare sectors said it has become the exclusive Canadian distributor of molecular diagnostic tests for GENDIA, an international network consisting of more than 50 laboratories located in the U.S., Europe and Australia, offering more than 2,000 different genetic tests.
On Thursday, Cardero Resource (TSX: T.CDU, Stock Forum) shares climbed 51% to $1.59 after the micro cap miner announced that SRK Consulting has completed a Preliminary Economic Assessment on the 750Mt Central Zone of the Pampa de Pongo Iron Deposit in Peru. At full planned production, Pampa de Pongo would produce 15 million tonnes of iron ore pellets per year, a total of 330 million tonnes through the currently proposed life of mine. The life of mine project revenue, net of all off-site costs and project royalties and including copper and gold credits, is estimated at US$42 billion, equating to an average annual net revenue of US$1.75 billion.
As well, shares of MacDonald Mines Exploration (TSX: V.BMK, Stock Forum) shot up 25% to 10 cents as the junior explorer said it has signed a letter of agreement with Shoreham Resources (TSX: V.SMH, Stock Forum) to option 100% of Shoreham's interest in the northwest region of Sachigo Greenstone Belt, which consists of about 36 claim blocks totaling 9000 hectares. It is located in the Sachigo Greenstone Belt in northwestern Ontario quadrant of the James Bay Lowlands.
And, in Friday trading, Archangel Diamond (TSX: V.AAD, Stock Forum) shares powered 67% higher to 50 cents after the micro cap miner reported that, in connection with its proposed acquisition of a 49.99% equity interest in OAO Arkhangelskoe Geologodobychnoe Predpriyatie (AGD) from LUKOIL, it has been reported by press agencies that the newly-appointed Russian Government Commission has given its consent to the transaction pursuant to the Russian law concerning foreign investment in strategic assets.
Finally, shares of Diagem (TSX: V.DGE, Stock Forum) plunged 62% to 2.5 cents after the diamond explorer said it has decided to cease its Juina-based exploration and development activities until the embargo placed on its Chapadao Project by the Brazilian Federal Environmental Agency can be successfully resolved.
