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IIROC had asked the company to clarify statements about its first drill hole last week and New Nadina recognised it was possibly misleading to refer to it as confirming a high-grade sulphide target, with the risk of visible reporting of mineral identification over significant intervals.
In a subsequent announcement, the company said the single drill hole had successfully intersected the conductive geophysical anomaly northwest of the Itsit copper-molybdenum-gold porphyry, and had shown the target consisted of sulphides visually identified as bornite, sphalerite, galena and pyragyrite.
More than 100 samples were to be shipped for assay within the week.
Shares in the company rose more than 286% yesterday after it resumed trade.
Argus Metals' (CN:AML) planned trio of changes powered the company to second place on this week's list.
Argus announced it would earn into a cobalt project in Idaho, US, change its name to ePower Metals Inc and that it aimed to raise at least C$1 million (US$778,314) in a private placement.
Meanwhile, base and precious metals explorer Finlay Minerals (CN:FYL) was unable to explain the recent increase in its share price.
"Finlay Minerals, at the request of IIROC, confirms that the company's management is unaware of any material change in the company's operations that would account for the recent increase in market activity," it said yesterday.
Finally, copper-focused Redhawk Resources (CN:RDK) rose 100%, two weeks after extending the maturity date of its convertible debentures issued in 2015 and reducing both the conversion price of the units and exercise price for the warrants.
|
Company Name
|
Latest Price
|
1wk Change%
|
1yr Change%
|
Current Market Cap (USD)
|
|---|---|---|---|---|
|
New Nadina Explo TSX:NNA
|
US$0.89
|
1,325.0
|
1,325.0
|
12.39m
|
|
Argus Metals Cor TSX:AML
|
US$0.21
|
145.5
|
237.5
|
2.52m
|
|
Medinah Minerals NYSE:MDMN
|
US$0.01
|
138.0
|
33.3
|
4.82m
|
|
Finlay Minerals Ltd CVE:FYL
|
US$0.08
|
100.0
|
100.0
|
5.62m
|
|
Redhawk Resource TSX:RDK
|
US$0.03
|
100.0
|
-27.3
|
4.99m
|
|
Stratabound Mine TSX:SB
|
US$0.04
|
100.0
|
66.7
|
5.81m
|
|
Abacus Mining & Exploration Co
|
US$0.63
|
88.4
|
237.5
|
24.73m
|
|
Emerita Resources Corp
|
US$0.12
|
88.2
|
100.0
|
12.11m
|
|
Melior Resources TSX:MLR
|
US$0.04
|
66.7
|
66.7
|
9.07m
|
|
Horizon Minerals NYSE:HZNM
|
US$0.09
|
63.6
|
n/a
|
8.21m
|
