Cascades Inc. announced that its Norampac division has acquired Bird Packaging Limited's converting and storage facilities located in Guelph, Kitchener and Windsor, in Ontario. The financial terms of the transaction have not been disclosed.
EMED Mining Public Limited which saw its stock rise 3 per cent yesterday, announced today an operational update for the three-month period ended 31 March 2012. It said the full quarterly report, including consolidated financial statements and the management discussion and analysis, will issue on or before 14 May 2012.
Wallbridge Mining Company Limited , which was only 6 cents below year highs, announced today that Lonmin Plc is exercising its right to enter into a joint venture to acquire an interest in Wallbridge's North Range properties in the Sudbury area. Marz Kord, Wallbridge President, said: "The North Range properties provide a unique opportunity for grassroots discovery around the Sudbury basin, Canada's premier mining district."
Palliser Oil & Gas Corporation , which gained more than 10 per cent on Monday, reported the financial and operating results for the three months and year ended Dec. 31, 2011 and year end reserves information. "We look forward to significant production growth and increased profitability in 2012 and the years ahead, as the company continues to maintain its heavy oil focus and further develop the high volume lift production methodology," it said in a statement.
Marathon Gold Corporation announced the results of 8 new drill holes from the 2012 drilling campaign at the Leprechaun Gold Deposit in Valentine Lake, Newfoundland. It said continued step-out drilling has intersected significant new intervals of high-grade mineralization located up to 70 meters down-dip of previously defined Main Zone mineralization.
Wesgold Minerals Inc. , which rose more than 5 per cent yesterday, announced that it has completed its acquisition of an initial 11 per cent interest in the Cordoba porphyry copper-gold property in Colombia from Minatura International LLC for a total of $4.03-million. It has an option to increase its stake to 51 per cent.
Rogue Iron Ore Corp. , which was slightly above year lows yesterday, announced today the results from drilling at its Radio Hill Iron Ore Project. Stephen de Jong, CEO, said: "These are exciting results as they give further credibility to our historical model as well as its potential at depth. Our primary focus continues to be to define a resource using historical work to help guide exploration."
Weststar Resources Corp. that almost hit year lows yesterday announced today that it has entered into an option agreement with Xstrata Copper Canada and Bearclaw Capital Corp. for the Axe Property. President, Mitchell Adam states, "To have a company of Xstrata's calibre spend up to $18-million on the Axe Property is a major milestone for the project."
Allana Potash Corp. that has touched year lows yesterday announced today that it has intersected strong potash mineralization at its Dallol potash project located in Ethiopia. Holes 35 and 36 intersected two main zones of potash mineralization, sylvinite and kainitite, and Hole 37 intersected kainitite.
Rockgate Capital Corp. , which closed down 2 per cent yesterday, announced today the discovery of a new mineralized zone, the Northeast Plateau, immediately northeast of the high-grade North Zone at the company's Falea U-Ag-Cu Project in Mali, West Africa. The discovery was made through systematic step-out drilling along projected mineralized trends during the fall 2011 drill program.