Trading Summary TSX-Venture (February 16, 2004)

Vancouver Canada’s junior exchange continued its bull run as advancing stocks beat declining stocks 425-385. The S&P-TSX Venture Exchange composite index closed at 1900.54, up 3.56 points, or 0.19% with 77 million shares traded.

Donner Minerals topped the chart with 5.2 million shares traded. The junior adding a penny to its value and closed at 20. Donner announced that it has increased its private placement to $3 million. A total of 18.75 million units are to be sold at a price of $0.16 per unit. Each unit is comprised of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share at a price of $0.20 for two years. A portion of the units will be flow through units. The company plans to drill priority areas on its Stephens Lake project in Manitoba. A total of 3,000 metres of drilling in 10 to12 diamond drill holes are planned for early March.

Tournigan Gold jumped 12 and closed at 68 with 2.6 million shares traded. The company just released high grade assay results from its Curraghinalt gold project in Northern Ireland. Drill holes CT-13 and 14 intersected a high grade gold shoot on the project. Hole 13 cut 3.43 metres averaging 68.07 grams gold per tonne and included a 1.26-metre section that averaged 183.23 grams gold. Hole 14 intersected a 4.06-metre section that averaged 42.66 grams gold and included a 1.55-metre section that ran 103.22 grams gold.

Spider Resources and joint venture partner KWG Resources recently tabled results from the first drill hole of their winter drilling program on the McFaulds #3 base metal target in the James Bay Lowlands of Ontario. Hole McF-20 cut 5.87 metres averaging 2.8% copper, 0.02% zinc, 0.5 gram gold and 15.5 grams silver per tonne, starting 68.4 metres down-hole. This was followed by a 4.2-metre section that averaged 0.26% copper, 11.8% zinc, and 1.57 grams silver, starting 91.2 metres down-hole. Spider closed the day at 22.5, up half a penny with 1.8 million shares traded. KWG ended the session flat at 40, with 458,900 shares traded.

Inca Pacific Resources closed at 30.5, up 3.5 with 1.8 million shares traded. The company announced earlier this month that it has signed an agreement to purchase Anaconda Peru’s 51% interest in the Magistral project for US$2.09 million.