Canadian issues that are moving on early news
Canasia Industries Corporation said operations have commenced on its aluminous clay/rare-earth prospect. A targeted work program to test for aluminous clay and rare earths over the extent of the prospect is now underway. CAJ almost hit year-low $0.025 yesterday.
Dynacor Gold Mines Inc., which rose 7 per cent yesterday, set an all-time monthly gold production and average grade record in July. The company’s ore-processing division produced 5,701 ounces of gold in July. A total of 6,554 tons of ore was processed with a record average grade of 0.941 oz. per tonne tonne or 26.68 grams of gold per tonne.
Brookemont Capital Inc., which almost hit a year-low of $0.025 yesterday, announced today that the work program in the Yukon is set to commence. This season’s work program will expand on the multi-element anomalous area that was uncovered last season.
Petro Viking Energy Inc. has entered into a new letter of intent to acquire 80 per cent of the issued and outstanding shares of Alphapetro (Pty) Ltd., a Namibian company, which owns a 100 per cent interest in Block 1710A&B off-shore Namibia.
Storagevault Canada Inc. reported results for its fiscal quarter ending on June 30, with revenues from storage and related services rising 16.7 per cent from a year earlier to $979,362. Net operating income from properties (a non-IFRS measure) increased by $89,489 to $525,267 representing a 20.5 per cent increase compared to the same period last year.
Ridgeline Energy Services Inc. reported a first-quarter 2013 net loss of $3-million, or $(0.03) per basic share, compared to consensus estimate of $0.01 loss per share. Revenues were $3.4-million, exceeding the $2.5-million estimate. In the same period last year, net loss was $0.5-million, or $(0.01) per basic share, on revenues of $3.5-million.
Solimar Energy Limited, which closed at 5 cents yesterday, announced today that a workover rig and associated production testing facilities are now onsite to commence the first phase production testing of the Temblor Sandstone oil reservoir.
Habanero Resources Inc. said phase one geologic mapping and soil sampling within the Grand-Vallee North Prospect is now complete. In the coming days, follow-up prospecting and infill sampling of soil anomalies at 100- and 200-metre line spacing will be completed, with a diamond drill program to test high-priority targets to follow shortly.