Virginia Mines Inc. (VGQ-T), which closed at $9.02, announced today a strategic alliance with KGHM International Ltd. Both companies will jointly carry out geological reconnaissance, sampling and exploration work on a territory in Northern Quebec, with a surface area of more than 24,510 square kilometers.
Terraco Gold Corp. (TEN-X), which reached a year low of 12 cents yesterday, announced today assay results from the first ten core holes of the 2012 drill program completed at its Almaden Project. In-fill core drilling continues to encounter significant intercepts, including some longer intervals of higher grade gold mineralization than the average resource grade, from surface to 91 meters.
TomaGold Corporation (LOT-X), which is nearing a year low of 15 cents, announced today that it has launched a 10,000 meter drilling program at its Monster Lake project. The program will target the Annie gold-bearing structure, where the company announced a major discovery of 237.6 g/t gold over 5.7 metres in Hole M-12-60, and will test the structure along strike and at depth.
Intermap Technologies (IMP-T) announced today that it was awarded a $517,000 U.S. task order from Dewberry & Davis for the second phase expansion of its airborne radar mapping services project in Alaska. IMP hit a year low of 15 cents yesterday.
Hemisphere GPS (HEM-T), which closed at 69 cents, today announced the A325 GNSS Smart Antenna. “This enhances our GNSS receiver portfolio,” said Phil Gabriel, company vice president and general manager, “allowing us to offer customers a wider range of products and solutions to meet their needs.”
Queenston Mining Inc. (QMI-T), which last traded at $3.56, announced today the results from six surface diamond drill holes from the 100 per cent owned Upper Beaver property. The drilling confirms the new, deep Footwall Zone and continues to show positive results from both the near surface exploration on the Contact and Q Zones and infill drilling program on the Porphyry Zone.
Crombie Real Estate Investment Trust (CRR.UN-T) announced that it has completed the acquisition of five retail properties from affiliated entities of Shoppers Drug Mart Inc. (SC-T) for a purchase price of approximately $42.8-million, subject to closing adjustments. The properties include total gross leasable area of approximately 107,000 square feet, with three properties located in Quebec, and one each in Ontario and Alberta.
On Tuesday, disgruntled Avion Gold Corp. (AVR-T) shareholders – backed by two of the company’s largest shareholders – reportedly tried to replace Avion’s board at the firm’s annual meting in Toronto. Investors including Institutional Shareholder Services, a leading proxy advisory firm, voted for its business strategy and moves to enhance its corporate governance.
Prima Colombia Hardwood Inc. (PCT-X), which is trading at year lows, provided an update on the following company matters: permits, cash requirements and funding.
Sigma Industries Inc. (SSG-X), which is trading near a year high 12 cents, announced a reorganization of its U.S. operations that will allow the company to reduce its total debt and will entail the renaming of its U.S. subsidiary.