TORONTO (SHfn) – MacDonald Mines Exploration (TSX: V.BMK, Stock Forum) shares jumped 53% to 24.5 cents on Monday after the micro cap explorer announced that the 2010 exploration drilling program on its McNugget Property in northern Ontario has discovered new volcanogenic massive sulphide (VMS) mineralization of substance. Massive sulphides were intersected in all May 2010 drill locations with widths varying from two meters to greater than 30 metres. This location is characterized by a long magnetic high (magnetite) with an associated electromagnetic conductor (VTEM).

As well, shares of Decade Resources (TSX: V.DEC, Stock Forum) shot up21% to 50 cents as the junior miner reported that drilling has intersected multiple zones of semi-massive copper mineralization from one to 10 metres wide in a porphyry environment at its 100% owned Wedeene River property near Kitimat, British Columbia. To date, eight drill holes have been completed and “strong chalcopyrite mineralization has been observed in five of the holes.”

Greystar Resources (TSX: T.GSL, Stock Forum), meanwhile, said that further to its news releases dated April 29 and May 21, 2010, it has received a positive decision in regard to the company's appeal with the Ministry of the Environment, Housing and Territorial Development (MAVDT) in Colombia to reinstate its December 22, 2009 Environmental Impact Assessment (EIA). Greystar stock popped 44% to $5.43.

And, ARISE Technologies (TSX: T.APV, Stock Forum) Monday provided an update on its progress to date in the second quarter of 2010. Highlights included year to date shipments of 19.2 MW of PV cells, which is greater than the 15.7MW in all of 2009, as well as reducing its German bank debt so far in Q2 by $5.6 million to $28.0 million. ARISE shares jumped 15% to 31.5 cents.

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Sean Mason

Sean Mason is a Stockhouse market reporter and editor.

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