Geoinformatics Exploration (TSX: V.GXL, Stock Forum) shares powered as much as 29% higher before closing up 14% to four cents on Wednesday after the micro-cap miner reported assay results from its first drill hole of the 2008 exploration program on the Whistler Zone in Alaska, which included 726.8 meters grading 0.76 grams per tonne (g/t) gold.

As well, shares of Questerre Energy (TSX: T.QEC, Stock Forum) shot up 30% to $3.53 as the oil and gas explorer announced interim results from the recompletion of its Gentilly shale gas well in the St. Lawrence Lowlands of Quebec. The well flowed more than 800,000 cubic feet per day on a sustained basis. This was from one set of stimulated perforations in the Utica shale only.

Medicure (TSX: T.MPH, Stock Forum), meanwhile, said that new data presented at the annual European Society of Cardiology Congress in Munich, Germany showed AGGRASTAT (tirofiban HCL) significantly lowers the incidence of heart attack after elective coronary angioplasty in coronary artery disease patients who have shown poor response to standard oral antiplatelet agents, aspirin and clopidogrel. Medicure stock popped as much as 13% before ending unchanged at four cents.

Shares of GuestLogix (TSX: V.GXI, Stock Forum) jumped 13% to $1.19 after the provider of on-board retail technology and solutions to the airline industry announced that Southwest Airlines will deploy GuestLogix' Mobile Virtual Store on its flights and will eliminate the use of cash on-board.

OSI Geospatial (TSX: T.OSI, Stock Forum) shares surged 9% to 25 cents after the geospatial systems and software provider said its U.S. Systems Operations has signed research and development contracts with the U.S. military valued at about US$1.7 million.

And, Blue Note Mining (TSX: T.BN, Stock Forum) Wednesday reported that Breakwater Resources (TSX: T.BWR, Stock Forum) has exercised its right pursuant to the terms of the Unsecured Subordinated Convertible Debenture issued by Blue Note dated August 1, 2006, to convert the Debenture in exchange for a 20% interest in the mineral properties and mine facilities that comprise the Caribou and Restigouche zinc/lead in New Brunswick now owned by Blue Note's subsidiary, Blue Note Caribou Mines. Blue Note shares soared 22% to 5.5 cents.

Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern)
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Sean Mason

Sean Mason is a Stockhouse market reporter and editor.

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