TSX Venture Exchange May 8-14

U.S. dollar gains chipped away at precious metal prices, while copper also slipped over the May 8-14 trading session. The S&P-TSX Venture Composite Index gave up 60.14 points over the period to close at 3,309.65 with average daily trading volumes remaining strong at 108 million shares.

The market exhibited a strong bullish trend over the week, with 78 junior explorers touching new 52-week highs compared with just 21 that dropped to new annual lows.

Yukon Zinc took top trading honours with 25.2 million shares changing hands, closing the week up 2.5 at 27.5 per share. Recently closing a $10.2-million brokered private-placement financing earmarked for its Wolverine zinc-silver project. The company plans to build a road to the mine site.

Shares of Unor shed 11 on the session, closing at 41 apiece on trading volume of almost 17.7 million. With Cameco holding a 19.5% stake in the company, the junior recently launched a $7-million exploration program on its uranium projects in Nunavut.

Manson Creek posted an 88% gain on trading volume of almost 16 million shares, closing the week up 10.5 at 22.5 per share. It recently wrapped up a 7-hole, 1,988-metre drill program on the CR molybdenum-copper project in northern British Columbia, with samples sent for assaying.

On a rally of 33%, Afri-Can Marine Minerals remained a strong trader with 11.7 million shares changing hands to close at 42 per share, up 10.5. The company is exploring offshore diamond concessions in Namibia.

Searchgold Resources continued to drop over the session, closing down 2.5 at 21.5 per share on 11.2 million shares traded. Recent drilling on the company’s Mandiana gold project in Guinea, West Africa, cut a number of gold-mineralized intercepts.

Gravity West Mining gained three pennies on the week to close at 18.5 on 9.4 million shares traded. The company optioned a Chilean copper property and also completed an airborne survey over its Sibley basin uranium properties in northwestern Ontario.

Initial drill results from its Selodong project in Indonesia prompted a 117% share price surge in Southern Arc Minerals, which closed up 81 at $1.50 per share on volume of more than 8.8 million shares. The hole cut 443 metres averaging 0.28% copper and 0.42 gram gold including 105 metres of 0.6% copper and 1.04 grams gold in the porphyry.

Following an updated resource estimate on its Saddle Hills uranium project in Mongolia, Western Prospector Group closed the week down 95 at $4.95 per share on trading volume of 957,000. The new estimate for the Gurvanbulag Central deposit stands at 2.83 million indicated tonnes of 0.22% U3O8 (about 13.6 million contained lbs. U3O8) plus an additional 2.67 million inferred tonnes of 0.15% U3O8 (containing 8.6 million lbs. U3O8).

Shares of U3O8 shed as much as 29% following a pair of drill hole results from its Aricheng project in Guyana that returned up to 7.5 metres of 0.125% U3O8. The company closed the week down 87 at $3.88 per share on trading volume of 2.7 million.

TSX-V greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
Southern Arc	SA	8846	1.65	0.70	1.50	+	117.3
Manson Creek	MCK	15917	0.35	0.13	0.225	+	87.5
Probe Res	PBR	3661	0.65	0.43	0.65	+	62.5
Getty Copper	GTC	769	0.28	0.145	0.24	+	60.0
Mill City Intl	MC	214	0.22	0.175	0.22	+	51.7
Superior Can R	CAD	196	0.15	0.105	0.15	+	42.8
Altima Res	ARH	926	0.27	0.20	0.27	+	35.0
Hana Mng	HMG	317	0.52	0.39	0.52	+	33.3
Afri-Can Marin	AFA	11707	0.425	0.27	0.42	+	33.3
Lucky Stk Res	LKY	117	0.24	0.18	0.24	+	33.3
Luxor Ind	LRL	13	0.07	0.065	0.065	–	43.4
Menika Mining	MML	221	0.185	0.13	0.13	–	29.7
Inlet Res	INL	45	0.265	0.245	0.26	–	28.7
Verdstone Gold	VGC	250	0.175	0.135	0.135	–	27.0
EurOmax Res	EOX	410	0.62	0.47	0.50	–	26.4
Maximus Vent	MXV	215	0.32	0.245	0.245	–	25.7
PMI Gold	PMV	543	0.36	0.315	0.315	–	25.0
Bayswater Uran	BAY	2198	1.74	1.26	1.26	–	25.0
TTM Res	TTQ	5510	1.74	1.30	1.30	–	24.4
Gossan Res	GSS	85	0.50	0.38	0.45	–	23.7

TSX-V greatest value change

		VOLUME	CLOSE		CHANGE
Southern Arc	SA	8846066	1.50	+	0.81
Osisko Explora	OSK	768249	12.69	+	0.69
Mag Silver	MAG	883689	11.40	+	0.55
MBMI Res	MBR	4710186	2.40	+	0.51
Mansfld Mnrls	MDR	693496	3.81	+	0.46
Chesapeake Gld	CKG	127568	7.50	+	0.45
Antares Minls	ANM	1349724	1.83	+	0.38
Anooraq Res	ARQ	1809392	3.22	+	0.38
Belvedere Res	BEL	748700	2.10	+	0.34
Cons Puma Minl	CPW	647848	2.20	+	0.34
Seabridge Gold	SEA	144433	17.15	–	1.05
Western Prospc	WNP	957505	4.95	–	0.95
U3O8 Corp	UWE	2762431	3.88	–	0.87
Liberty Mines	LBE	3699401	3.57	–	0.83
Sacre-Coeur Ml	SCM	138400	2.35	–	0.64
Pitchstone Exp	PXP	597429	2.87	–	0.62
Geologix Ex	GIX	3921053	2.10	–	0.50
Rockgate Cap	RGT	1660038	4.41	–	0.46
Azimut Expl	AZM	416138	6.25	–	0.45
Nu Energy Uran	NU	720600	3.90	–	0.45

TSX-V most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
Yukon Zinc	YZC	25231	0.32	0.245	0.275	+	0.025
Unor Inc	UNI	17675	0.52	0.40	0.41	–	0.11
Manson Creek	MCK	15917	0.35	0.13	0.225	+	0.105
Afri-Can M arin	AFA	11707	0.425	0.27	0.42	+	0.105
Searchgold Res	RSG	11241	0.275	0.20	0.215	–	0.025
Gravity West	GRW	9391	0.215	0.155	0.185	+	0.03
Bard Vent	CBS	9231	0.34	0.235	0.235	–	0.045
Crowflight Mnl	CML	9179	1.33	1.15	1.19	–	0.14
RPT Uranium	RPT	8959	0.58	0.41	0.50	+	0.05
Southern Arc	SA	8846	1.65	0.70	1.50	+	0.81