On Monday, Sacre-Coeur Minerals (TSX: V.SCM, Stock Forum) shares climbed 30% to 91 cents on Monday after the micro cap explorer announced that in addition to its ongoing exploration for hard rock mineral resources on its Million Mountain Project and other property holdings in Guyana, it has begun assessing alluvial gold potential on its properties as well. A compilation of the results demonstrates a gold bearing alluvial sand and gravel resource target measuring approximately 1.66 km by 0.80 km. At these dimensions the resource target volume in the sampled zone is estimated to range from 2.5 to 4.0 million cubic meters of auriferous alluvial material with preliminary sampling suggesting a grade in the range of 2.0 to 9.0 grams gold per cubic meter.
As well, shares of Fortress Minerals (TSX: V.FST, Stock Forum) shot up as much as 25% to 40 cents as the junior explorer reported the latest results from diamond drilling at the Amy Prospect in Russia, which included 40.0 meters grading 3.68 grams per tonne (g/t) gold.
In Tuesday trading , shares of Western Prospector Group (TSX: V.WNP, Stock Forum) soared 51% to 53 cents after the junior miner announced that, as of the expiry date of CNNC International’s offer for the company, CNNC has taken up 69% of Western Prospector shares.
Ecometals (TSX: V.EC, Stock Forum), meanwhile, reported that it has completed its first manganese ore shipment from Port Santana, Brazil. The shipment of 35,532 tonnes of manganese ore from Port Santana, with a gross value of $1.1 million, represents the first of two shipments of the manganese ore that was stockpiled at the port. A second shipment of approximately 15,000 tonnes is planned shortly, as soon as shipping can be arranged. Ecometals stock popped 25% to 22.5 cents.
Canadian stock markets were closed Wednesday for the Canada Day holiday.
On Thursday, Gastar Exploration (TSX: T.YGA, Stock Forum) shares powered 47% higher to 66 cents on Thursday after the natural gas producer/explorer announced that it has entered into definitive agreements with Santos QNT Pty Ltd and Santos International Holdings Pty Ltd for the sale of all of Gastar's interest in Petroleum Exploration Licenses in New South Wales, Australia, along with the sale of the shares of Gastar Power Pty Ltd, the entity holding Gastar's 35% interest in the Wilga Park Power Station. Gross pre-tax proceeds from the transaction are expected to be approximately US$240 million, although Gastar's net proceeds will be about US$175 million. Gastar has also elected to voluntarily de-list its shares from trading on the Toronto Stock Exchange following the completion of the transaction.
Canacol Energy (TSX: V.CNE, Stock Forum), meanwhile, said it has been awarded the Pacarana Technical Evaluation Area by the National Hydrocarbon Agency of Colombia. The Pacarana block is located immediately adjacent and to the south of the Ombu E&P contract that contains the company’s Capella heavy oil discovery, which is currently under appraisal. Canacol stock popped 19% to 19 cents.
And, in Friday trading, Cogitore Resources (TSX: V.WOO, Stock Forum) late Thursday said it has signed an agreement with Inmet Mining, whereby Inmet will immediately transfer to Cogitore all of its interest in the Selbaie West, Hebecourt, Landrienne and Castagnier projects. These properties are all located in Quebec, except for four claims in Ontario, and the company claims it hosts “favourable felsic volcanic rocks with strong evidence of copper and zinc mineralization.” Its shares jumped 9% to 12 cents on Friday.
