June 6, 2011 / 2:47 PM / 7 years ago

UPDATE 1-Jiminex discovers gold at Ontario property, shares up

* Says increased potential at Misehkow River property

* Shares up 18 pct (Follows alerts)

June 6 (Reuters) - Shares of Canada’s Jiminex Inc rose 18 percent in morning trade after the gold explorer said it found significant amounts of gold at its Ontario property.

“These gold grades and widths definitely indicate an increased potential for economic gold zones on the Misehkow River property, Pickle Lake area,” the company said.

Shares of the company were up 8 percent at 20.5 Canadian cents on Monday morning on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Don Sebastian)

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