TSX Venture Exchange Nov. 21-27

Modest rallies in precious and base metals prices gave some buoyancy to the junior mining-dominated S&P-TSX Venture Composite Index, gaining 4.5% or 117.91 points over the Nov. 21-27 trading session to close at 2,748.41. The bullish sentiment also boosted average daily trading volumes, up significantly to around 77.3 million shares.

The junior mining rally was also reflected in the weekly bulls-versus-bears battle with 55 venture board companies rising to new 52-week highs over the week, while 40 explorers slid to yearly lows.

A 7.3-million share market cross prompted a flurry of trading in Cantex Mine Development, propelling it to most active on the week. Shares in Cantex, which has been exploring its Al Hariqah gold project in Yemen, closed up a penny at 9 on 13.1 million shares traded.

Strateco Resources continued to post strong gains, closing up 19% or 33 at $2.10 per share on trading volume of 12.9 million. Drilling at its Otish Mountain-area Matoush project in Quebec recently cut up to 5.6 metres of 1.68% U3O8.

Discovery of a new platinum-palladium zone on its Plateau PGE project near Matagami, Que. propelled Hinterland Metals to a 45% gain, closing up 4.5 at 14.5 per share on volume of 11.6 million shares. Drilling cut a 3-metre interval averaging 1.9 grams combined platinum and palladium per tonne.

Pele Mountain Resources saw more than 10.1 million shares change hands on the week, gaining 33 to close up 84% at 71 per share. Drilling by joint-venture partner Wallbridge Mining on the Sudbury, Ont., project discovered a breccia belt hosting anomalous platinum group metal mineralization. Additionally, drilling on Pele’s northern Ontario Highland project tapped into a new gold-copper-bearing shear zone.

Shares of aspiring miner Aurcana gained more than 50% to close the week up 38 at $1.13 apiece on volume of 8.7 million. The company recently ordered mining equipment for its underground La Negra silver-zinc-copper-lead mine in Queretaro, Mexico. It has been stockpiling ore and expects to begin production in the first quarter of 2007.

Following another set of drill results from its El Corazon project in Ecuador, Skeena Resources posted weekly volume of 8.7 million shares but shed a penny to close at 37 per share. Recent drilling returned up to 5 metres of 17.9 grams gold.

Despite posting a US$48.9-million loss in its fiscal 2006, uranium producer UrAsia Energy continued its gains to close up 15 at $3.78 per share on volume of over 6.7 million shares. Inferred resources at its South Inkai uranium project in Kazakhstan recently saw a 69% boost following a revised estimate of about 43.5 million contained pounds U3O8. The company also operates its Akdala uranium mine in the country.

An earlier magazine tout continued to stir up investor interest in Purepoint Uranium Group, trading over 6.1 million shares on the week and closing up 19 to $1.07. It is exploring its Turnor Lake project in northern Saskatchewan’s Athabasca basin.

TSX-V greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE	CHANGE
Pele Mtn Res	GEM	10136	0.77	0.375	0.71	+86.8
Amex Expl	AMX	86	0.46	0.22	0.395	+79.5
Vast Expl	VST	698	0.49	0.295	0.49	+78.1
Amarillo Gold	AGC	791	0.84	0.51	0.84	+58.4
Sur American	SUR	3157	0.50	0.27	0.42	+55.5
Cons Global M	CTG	1696	0.34	0.21	0.34	+54.5
Latin Am Mnls	LAT	396	0.70	0.32	0.49	+53.1
Forum Uranium	FDC	5119	0.71	0.435	0.64	+52.3
Typhoon Expl	TOO	1297	0.35	0.22	0.335	+52.2
Aurcana Corp	AUN	8719	1.14	0.80	1.13	+50.6
Gold Reach Res	GRH	3698	0.195	0.135	0.135	-35.7
Inter-Rock Mnl	IRO	72	0.075	0.065	0.065	-35.0
Marifil Min wt	MFM.WT	141	0.07	0.06	0.065	-35.0
St Eugene Mng	SEM	200	0.18	0.13	0.135	-32.5
Silverstone wt	SST.WT	54	0.17	0.115	0.115	-32.3
Atapa Mnrls	AML	834	0.07	0.045	0.05	-28.5
Newstrike Res	NR	11	0.42	0.30	0.30	-28.5
Darnley Bay	DBL	73	0.15	0.10	0.105	-27.5
La Plata Gold	LPT	32	0.59	0.51	0.52	-25.7
Tiger Intl	TGR	31	0.95	0.86	0.86	-23.8

TSX-V greatest value change

		VOLUME	CLOSE	CHANGE
Seabridge Gold	SEA	48700	15.59	+1.20
Palmarejo Gold	PJO	673594	9.75	+0.95
Rockvale Res	RR	4011994	5.85	+0.92
First Majestic	FR	545401	4.45	+0.90
Altius Mnrls	ALS	257286	8.73	+0.83
Esperanza Silv	EPZ	2236755	3.85	+0.81
Osisko Explora	OSK	504938	7.36	+0.76
Bear Creek Mng	BCM	289242	10.75	+0.75
Pearl Ex & Pr	PXX	814876	6.00	+0.72
Keegan Res	KGN	683540	3.51	+0.66
Aurelian Res	ARU	1619612	33.55	-2.20
Uruguay Mnl Ex	UME	77100	3.50	-0.35
Tiger Intl	TGR	30500	0.86	-0.27
Pac Booker Min	BKM	12414	7.25	-0.25
Alhambra Res	ALH	142500	1.50	-0.23
Strathmore Min	STM	1845283	2.87	-0.23
Chesapeake Gld	CKG	24453	5.67	-0.21
Lateegra Gold	LRG	2101524	1.53	-0.20
Andina Mnls	ADM	587062	2.55	-0.20
Dynasty Met&Mn	DMM	376177	5.91	-0.19

TSX-V most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE	CHANGE
Cantex Mn Dev	CD	13148	0.105	0.075	0.09	+0.01
Strateco Res	RSC	12887	2.33	1.66	2.10	+0.33
Hinterland Mtl	HMI	11605	0.17	0.10	0.145	+0.045
Pele Mtn Res	GEM	10136	0.77	0.375	0.71	+0.33
Aurcana Corp	AUN	8719	1.14	0.80	1.13	+0.38
Skeena Res	SKE	8699	0.55	0.355	0.37	-0.01
UrAsia Energy	UUU	6768	3.87	3.50	3.78	+0.15
Purepoint U	PTU	6148	1.14	0.92	1.07	+0.19
New Cantech Vn	NCV	5611	0.60	0.445	0.475	+0.065
Plexmar Res	PLE	5460	0.73	0.62	0.66	-0.04