Mountain Lake Resources (CVE:MOA)(OTC:MLKRF) Tuesday announced high-grade gold mineralization from the initial results of a spring/summer drilling program at the joint venture Valentine Lake project in central Newfoundland.

Mountain Lake Resources (CVE:MOA) (OTC:MLKRF) Thursday said it will be acquired by Marathon Gold (TSE:MOZ) in a  $15.1 million deal that will see Marathon assume 100 per cent control of the two companies' Valentine Lake joint venture in Newfoundland.

Mountain Lake Resources (CVE:MOA)(OTC:MLKRF) Tuesday reported the completion of an initial NI 43-101 resource estimate for the Lunch Pond area of its 100 percent-owned Glover Island gold property in Newfoundland.

Mountain Lake Resources (CVE:MOA, PINK:MLKRF) is concentrating its exploration efforts within Newfoundland, where it is actively exploring three  projects with large scale potential at Glover Island, Little River and Valentine Lake. 

A 25,000 metre drilling campaign is planned for the Valentine Lake Project this year.  The first drill rig began resource expansion drilling last week on the Leprechaun Deposit and the first 3 drill holes intersecting multiple quartz veins

BRP plans to sell 12.2 million shares for C$21.50 each, the Valcourt, Quebec-based company said in a statement on Wednesday. Based on that price, the company’s market capitalization will be about C$2.5-billion. The IPO is Canada's largest since Hudson's Bay Co. (TSE:HBC), the country's oldest company, raised $365 million in November. 

Canadian shares stretched this year's gains on Wednesday, fueled by gains across most major sectors on optimism that the U.S. Federal Reserve will keep its easy money policy in place for now. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 1.2 percent to 12,889.26 at 12:24 p.m. in Toronto on Wednesday. The gauge has extended year-to-date gains to 3.6 percent. Almost four shares advanced for every stock that declined.

Treasury Metals (TSE:TML) has unveiled additional drill results from its Goliath gold project in northwestern Ontario, with results showing near-surface intersections as high as 4.18 grams per tonne (g/t) gold. 

Largo Resources (CVE:LGO) is on path to becoming the lowest cost producer of vanadium in the world from a primary source, according to CEO Mark Brennan, with the company's Maracás project in Brazil on pace for commissioning in the fourth quarter.