On Monday, UEX Corporation (TSX: T.UEX, Stock Forum) shares climbed 19% to $1.08 after the miner announced that it has received a National Instrument 43-101 Mineral Resource Estimate report for the Raven Deposit and the West Bear Deposit in the eastern Athabasca Basin of northern Saskatchewan. The new Raven resource estimate contains 3.97 million tonnes grading 0.105% U(3)O(8) in the Indicated category containing 9.15 million pounds of U(3)O(8), and 0.49 million tonnes grading 0.104% U(3)O(8) in the Inferred category containing 1.13 million pounds of U(3)O(8) at a cutoff grade of 0.05% U(3)O(8).
As well, shares of Mercator Minerals (TSX: T.ML, Stock Forum) soared 55% to 85 cents as the micro cap miner said it has begun shipping copper concentrates from its newly expanded Mineral Park Mine in Arizona, less than two years from completion of its December 29, 2006, Technical Report.
In Tuesday trading, Geoinformatics Exploration (TSX: V.GXL, Stock Forum) shares surged 33% to 20 cents after the micro cap miner reported the 2008 field season results from its Falcon Prospect in British Columbia. Highlights include the intersection of molybdenite bearing mineralization (MoS(2)) in all eight holes, which included 406 metres grading 0.060% MoS(2).
Also, shares of GLG Life Tech Corporation (TSX: T.GLG, Stock Forum) shot up 25% to $2.25 as the producer of stevia announced that it has begun operations at two new stevia processing facilities in China. The new plants increase the company's total raw leaf processing capacity from an existing 5,000 metric tons to 41,000 metric tons, an increase of 720%. Stevia is an all natural, zero-calorie sweetener.
Wednesday’s market action saw shares of MAX Resource (TSX: V.MXR, Stock Forum) power 70% higher to 17 cents after the micro cap explorer reported assays from five diamond drill holes completed in October on the Indata Property in northern British Columbia, which included 8.20 grams per tonne (g/t) gold over 0.3 metres and 209.0 g/t silver over 0.5 metres.
In addition, shares of Route1 (TSX: V.ROI, Stock Forum) added 60% to four cents as the provider of security and identity management solutions and Qwest Government Services, a wholly-owned subsidiary of Qwest Communications International (NYSE: Q, Stock Forum) announced that they have signed an agreement granting Qwest the exclusive rights to resell Route1 security and identity management solutions to the U.S. Federal Government in 2009. As part of the agreement, Qwest has committed to purchase a minimum of 30,000 Route1 MobiKEY devices along with TruOFFICE subscription-based services, which is valued at approximately US$8 million in 2009. The potential reoccurring annual revenue stream to Route1 from these 30,000 TruOFFICE subscription-based services is estimated at US$5.5 million.
On Thursday, MAG Silver (TSX: T.MAG, Stock Forum) shares jumped 13% to $6.05 after the miner said it has been advised by the operator of the Juanicipio Joint Venture that a new vein appears to have been discovered as a result of detailed drilling in the vicinity of the Valdecanas Vein in Mexico, which included 1,843 grams per tonne (g/t) silver, 4.43 g/t gold, 3.54% lead, and 5.96% zinc over a true width of 3.41 metres.
Gold Hawk Resources (TSX: V.CGK, Stock Forum), meanwhile, announced that its Peru subsidiary, Compania Minera San Juan (CMSJ), received the final permit for the construction of its new permanent tailings facility at Chinchan. The company has also negotiated with lenders for an extension to January 29, 2009, of its debt repayment date. Gold Hawk stock popped 75% to 3.5 cents.
And, in Friday trading,Argenta Oil & Gas (TSX: V.AZA, Stock Forum) shares climbed 50% to 4.5 cents after the oil and gas producer/explorer announced that it has finalized its farm-out agreement for a 20% working interest in the Loma El Divisadero property with Unitec Energy, an Argentinean based private company as initially reported in a press release dated July 16, 2008. The terms of the agreement provide for Unitec to pay the Argenta US$3.5 million, $500,000 of which will be paid in cash and the $3 million balance to be allocated towards the cost to drill two wells.
Finally, Metropolitan Mining (TSX: V.MNZ, Stock Forum) reported results from its drilling program on the Fruso Property in Argentina. The company claimed “elevated copper values were encountered in three of the four diamond drill holes completed at Fruso.” Its shares surged 20% to six cents.
