Roger Biduk - The Week in Cdn. Small & Mid-Cap Stocks

Roger Biduk writes:

On Monday, Kent Exploration (TSX: V.KEX) shares climbed as much as 13% before closing up 6% to 8.5 cents after the micro-cap explorer reported assay results from 12 rock samples taken from its 100% optioned Silver Hill property in south-eastern British Columbia, which included 5.238kilograms per tonne (kg/t) silver, 9.47% copper, 10.69% lead, and 3.25% zinc.

Discovery Air (TSX: T.DA.A), meanwhile, reported the termination of David Taylor as the President and Chief Executive Officer of the corporation and the appointment of David Jennings as interim President and Chief Executive Officer. Mr. Jennings is a Co-Chief Executive Officer of Top Aces, one of Discovery Air's wholly-owned subsidiaries. Discovery Air stock jumped 11% to 49 cents.

In Tuesday trading, Birch Mountain Resources (TSX: T.BMD) said the Muskeg Valley Quarry recently set a new daily record for limestone aggregates shipped. The new daily record of 23,100 tonnes exceeds the previous record of 20,000 tonnes set in Q2 2007 with a quarry workforce of more than 50 people - a peak productivity gain per worker of more than 250%. Birch Mountain stock popped 63% to 13 cents.

This as VMS Ventures (TSX: V.VMS) reported assay results from its Reed Lake Discovery Zone near Snow Lake, Manitoba, which included 53.19 metres of 3.08% copper. Its shares surged 15% to 42 cents.

Wednesday’s market action saw shares of Global Hunter (TSX: V.BOB) shoot up 39% to 12.5 cents after the micro-cap explorer announced results from its Rabbit South project near Kamloops, British Columbia, which averaged 0.07% molybdenum and 0.13 grams per tonne (g/t) rhenium over 91.8 metres.

As well, International Barytex Resources (TSX: V.IBX) shares powered 67%higher to 50 cents after the junior miner reported recommendations of a feasibility study on the Shituru Copper Project in the Democratic Republic of the Congo, which proposes developing an open pit, ore processing and electrowinning facility with an annual production capacity of 38,000 tonnes of LME grade cathode copper.

On Thursday, Wescan Goldfields (TSX: V.WGF) shares gained 24% to 31 cents after the micro cap miner said it has received an additional 146 coal permit certificates from the Saskatchewan Ministry of Energy and Resources. A total of 229 coal permits have now been issued to the company to date, comprising a total area of 161,777 hectares in the Hudson Bay region.

In addition, Osisko Mining (TSX: T.OSK) shares powered 16% higher to $2.95 after the miner reported new results from the definition drill program currently under way at South Barnat, a separate gold mineralized zone located about 1200 metres northeast of the center of the Canadian Malartic deposit in Quebec. Results include 2.13 grams per tonne (g/t) gold over 258.5 metres.

And, in Friday trading, Bolero Resources (TSX: V.BRU) shares soared 50% to six cents after the micro cap explorer and partner Alix Resources (TSX: V.AIX, Stock Forum) late Thursday announced drill results from the Arcadia Bay project in Nunavut, which included 6.70 grams per tonne (g/t) gold over 6.85 metres.

Finally, shares of Intrinsyc Software International (TSX: T.ICS) shot up 30% to 26 cents as the wireless software solutions provider said it has signed a software license agreement with a leading mobile phone and consumer device manufacturer to deliver its Destinator navigation software for use on a new series of personal navigation devices.

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Roger Biduk is an investment advisor and services clients in Montreal, Hudson, West Island and throughout the provinces of Quebec & Ontario.