Exploration junior up 11% after acquisition

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| July 10, 2013


Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, July 10, 2013 VANCOUVER (SHfn) –-
 
Levon Resources Ltd. (TSX: T.LVN) rose 10.6 % to 26 cents as investors assessed the news that the exploration company had entered into an agreement to purchase a 100% interest in the Aida mining claim, located near Hidalgo Del Parral, Chihuahua, Mexico. Acquisition of the Aida claim consolidates Levon's 100% ownership of all mining claims in the Cordero mining district, and represents a significant step in the company's advancement of the Cordero project. The Cordero project contains 364 million ounces of silver in indicated resources and 91 million ounces of silver in inferred resources, which remains open to expansion.
 
Polymet Mining  (TSX: T.POM) fell 3.4% to 85 cents after the mine development company said 64.9% of the eligible shares were represented at its Annual General and Special Meeting of Shareholders held on July 9, 2013 in Vancouver, British Columbia and all motions put forward by the company were passed. According to the press release, PolyMet is now well positioned financially while it continues to make solid progress toward completion of permitting. The company anticipates commencing construction of the NorthMet copper-nickel project, located in northeastern Minnesota, in the second half of 2014, with first production by the end of 2015.
 

Top Canadian Small/Micro-cap Advancers
(as of 7:00 PM Eastern)
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Top Canadian Small/Micro-cap Decliners
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Dynasty Metals & Mining Inc
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Horizons BetaPro NYMEX Crude Oil Bear Plus ETF
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Niko Resources Ltd
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