On Monday, Dorato Resources (TSX: V.DRI, Stock Forum) shares climbed 28% to $1.19 on Monday after the micro cap miner reported that it has received final assay results from Minera Afrodita relating to drillhole TAR-012 in the Taricori Gold Zone within the Cordillera Del Condo in Peru, which included 18.0 metres grading 41.58 grams per tonne (g/t) gold and 46.9 g/t silver. Dorato has a right to acquire 100% of Minera Afrodita.
As well, shares of MTI Global (TSX: T.MTI, Stock Forum) shot up 30% to 26 cents as the developer and manufacturer of custom-engineered products using silicone and other cellular materials said it has entered into a share and note purchase agreement to sell MTI PolyFab Inc. and other aerospace-related assets to 3M Canada Company, for cash consideration of US$24 million, subject to certain pre- and post-closing adjustments.
In Tuesday trading, Minco Gold (TSX: T.MMM, Stock Forum) shares jumped 60% to $1.50 on Tuesday after the micro cap miner reported the discovery of a gold zone on its 100% owned Oujiaba property, within the Yangshan Gold Belt, Gansu Province, China, which included 13.2 grams per tonne (g/t) gold over 10.0 metres.
Also, shares of Minaurum Gold (TSX: V.MGG, Stock Forum) moved up 24% to 77 cents as the junior explorer said it has entered into an agreement with Minera Coplau, a subsidiary of Minera Cascabel S.A. de C.V., to acquire the Adelita Gold-Silver-Copper Skarn-Porphyry project in southern Sonora and adjacent Sinaloa states, Mexico. Minaurum can acquire a 100% interest in the project by making staged payments total
Wednesday’s market action saw shares of Eagle Hill Exploration (TSX: V.EAG, Stock Forum) surged 128% to 33 cents on Wednesday after the micro cap explorer reported that it has received initial drill results from its first drill program at the Windfall Lake Property in Quebec, which included 19.61 grams per tonne (g/t) gold over 33.00 meters.
In addition , shares of Minaean International (TSX: V.MIB, Stock Forum) gained as much as 21% to 17.5 cents as the light gauge steel construction company announced that its wholly-owned subsidiary, Minaean Habitat (India) Pvt. Ltd. (MHI), has received a purchase order from Indian Oil Corporation Ltd. (IOCL) for the supply and installation of 12 modular gas station retail buildings, which will generate approximately $200,000 in revenue for MHI.
On Thursday, Canadian Orebodies (TSX: V.CO, Stock Forum) shares powered 22% higher to 16.5 cents on Thursday after the micro cap explorer reported assay results from grab samples taken from five of its Lithium/Rare Metals properties all located in Ontario, which included one that assayed 3.66% Li20 (lithium oxide). The properties are owned 100% by Orebodies (subject to a 2% NSR, 50% of which can be purchased by Orebodies for $1 million).
As well, shares of Underworld Resources (TSX: V.UW, Stock Forum) added 33% at $2.57 as Kinross Gold (TSX: T.K, Stock Forum) announced an agreement to acquire 100% of the outstanding common shares of Underworld not already owned by Kinross. For each common share of Underworld, Kinross will offer 0.141 of a Kinross common share, plus $0.01 in cash. The offer represents an implied price of approximately $2.62 per common share, based on the March 10, 2010, closing price of $18.54 per Kinross common share on the Toronto Stock Exchange. The transaction values the fully-diluted share capital of Underworld at about $139.2 million.
And, in Friday trading, BE Resources (TSX: V.BER, Stock Forum) shares climbed 25% to 25 cents on Friday after the micro cap explorer provided a corporate update of project developments at its 100% owned Warm Springs Beryllium Property in New Mexico. BE is currently in the final stage of the process of obtaining drill permitting for its Warm Springs project. The initial phase of drilling will consist of a five hole program (1,500 metres) designed to confirm the outer dimensions of the beryllium bearing zone and determine the extent and size of beryllium mineralization. This initial Phase I program is expected to be followed by a 20-hole program to begin tonnage delineation of beryllium mineralization and establish an initial NI 43-101 resource calculation. Drilling at the Warm Springs is subject to the issuance of an exploration permit.
Finally, shares of Finavera Renewables (TSX: V.FVR, Stock Forum) shot up 100% to 14 cents as the developer of renewable energy resources and technologies announced that all four of its wind projects, comprising a total nameplate capacity of 293 megawatts, submitted to the 2008 Clean Power Call have been accepted by BC Hydro for award of long-term Electricity Purchase Agreements. The projects have the potential to generate over $100 million annually in revenue once they are fully operational.
