Vancouver-based West Kirkland Mining (CVE:WKM) rallied 14% Wednesday afternoon as investors eagerly results from the TUG deposit in Utah. 

The firm, West Kirkland Mining, which is advancing its TUG deposit in Utah, will make a 20 minute pitch followed by a 10 minute inquisition by a roomful of potential Dragons.

West Kirkland Mining (CVE:WKM) says that Newmont Mining (TSE:NMC) (NYSE:NEM) has exercised its rights under an agreement inked back in December 2010 to acquire 35 per cent of certain mineral rights for six sections of the TUG property in Utah. 

West Kirkland Mining (CVE:WKM) saw its shares rise higher Thursday, exceeding its 50-day average volume. The company's shares were lately trading at 36 cents, up around 7.5 per cent. 

West Kirkland Mining (CVE:WKM) Friday unveiled an initial NI 43-101 inferred mineral resource estimate for its TUG deposit located in Utah, along the Long Canyon Trend.

The news came with a trading halt on Barrick’s stock on the TSX effective 12:04pm Toronto time, and on stock inSilver Wheaton (NYSE:SLW) (TSE:SLW), the embattled giant’s partner on the project, a few minutes later. Prior to the stop trade order, stock in Barrick was trading down, hitting an intraday low of $19.41 per share from an open of $19.56, a far cry from the stock’s 52 week high of $43.30  per share.

Klondex Mines (TSE:KDX) was touted as having a high grade resource in a strategic location with potential for a "number of upside opportunities" on Friday, in an initial coverage report by Casimir Capital's Erin Winmill. The analyst started the advanced-stage development company, which is focused on its Fire Creek gold project in Nevada, with a speculative buy rating and a $2.50 price target - more than double its current trading price. 

Revett Minerals (NYSE MKT:RVM) (TSE:RVM)  plunged almost 25 per cent on Thursday after the company said it must slash its workforce at its Troy mine amid some unexpected structural damage found as part of its underground development work. 

Sunridge Gold Corp. (CVE:SGC) has added more good news to an already auspicious month with the completion of a mineral resource estimate for the Kodadu target on the company’s Asmara project in Eritrea, the sixth such mineral resource defined by the Vancouver-based exploration and development company on the property.

The new DFS for Aureus's New Liberty gold mine in Liberia has increased the net present value of the asset, and points to lower operating costs and improved proven plus probable reserves.