TSX Venture Exchange October 9-15

It was a bull week for the S&P-TSX Venture Composite Index as the junior board posted gains every day over the Oct. 9-15 trading session to close up 156.84 points at 3,014.41. Average daily trading volume was up considerably, at 99.2 million.

Once again, however, new highs and lows for the session did not reflect the bullish trend. A solid 43 junior explorers reached new high trading values, but 75 sunk to new lows.

Noront Resources and companies with projects near its Double Eagle discovery continued to dominate trading volumes. Noront posted a session trading volume of well over 38 million shares and closed up $2 at $5.55, an all-time high for a junior that just six weeks ago was trading around 40. Three companies working land around Double Eagle also made the top traders list: MacDonald Mines Exploration traded 43 million shares to close up 20 at 48; KWG Resources traded 22 million shares to close up 2.5 at 10.5; and Spider Resources traded 21 million shares to close up 3 at 12.

Despite having put out no news since mid-August, Blue Note Mining was also a volume leader, trading 12.3 million shares over the session to close up just 1 at 58. Similarly, Sage Gold traded over 11.5 million shares to close up 2.5 at 24; the company closed a non-brokered private placement to raise $760,000.

Reasonable copper-molybdenum grades over 371 metres from the first drill hole into the company’s Peruvian Aguila East project had Duran Ventures on a sustained climb. The drill results came out in early October but the gains kept coming through the second week, with Duran shares rising every day to close up $1.48 at $3.15, an all-time high. The company started trading on the Venture Exchange in early July, entering near $1.

Bear Creek Mining is on a similar ascent, having announced the results of 17 drill holes from the Santa Ana silver project in Peru early in the month. The company’s share price has seen a nice run since then, climbing each day to close up $1.07 at $8.45.

Good U3O8 grades in rock samples from the North Rae property in northern Quebec pushed Azimut Exploration up 84 over the trading session to close at $5.59 per share. NWT Uranium is earning a 50% interest in the project by acting as project operator and investing $2.9 million in exploration work.

Arkana Gold fell each day to close the session down 90 at $1.90. The company’s most recent news came out in June. And Wealth Minerals, which had been on a property acquisition spree over the summer, also lost ground, closing the session down 47 at $2.93.

Other movers and shakers: Waratah Coal moved up 78 to close at $2.38 after Jennings Capital analyst Ron Coll said in the Globe and Mail that he expected Waratah to peak at $5.70; and Kodiak Exploration gained 73 to close at $1.96 on the heels of significant drill results from the Hercules gold project in southern Ontario.

TSX-V greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
Golden Cariboo	GCC	6179	0.08	0.04	0.08	+	100.0
Duran Vent	DRV	1603	3.33	1.69	3.15	+	88.6
Forest Gate	FGT	43135	0.30	0.095	0.20	+	81.8
MacDonald Mns	BMK	43211	0.49	0.27	0.48	+	71.4
Intl Samuel Ex	SAZ	3452	0.155	0.125	0.135	+	68.7
Shoreham Res	SMH	1995	0.60	0.35	0.59	+	63.8
Kodiak Expl	KXL	8438	1.98	1.29	1.96	+	59.3
Condor Res	CN	845	0.95	0.60	0.91	+	56.9
Amerix Pr Mtls	APM	1252	0.345	0.20	0.305	+	56.4
Noront Res	NOT	38881	5.55	3.01	5.55	+	56.3
Boss Power	BPU	120	0.76	0.60	0.60	–	38.1
Aranka Gold	ARK	125	2.80	1.85	1.90	–	32.1
Black Bull Res	BBS	54	0.105	0.06	0.085	–	32.0
Centurion Mnls	CTN	14	0.42	0.30	0.30	–	28.5
Sidon Intl Res	SD	401	0.15	0.11	0.11	–	26.6
Rome Res	RMR	15	1.00	0.82	0.88	–	26.6
Zinco Mng	ZIM	26	0.54	0.445	0.445	–	25.8
Icon Industrs	ICN	155	0.69	0.53	0.53	–	25.3
Adroit Res	ADT	61	0.20	0.16	0.18	–	25.0
First Gold Exp	EFG	243	0.245	0.18	0.20	–	24.5

TSX-V greatest value change

		VOLUME	CLOSE		CHANGE
Seabridge Gold	SEA	210283	37.83	+	8.23
Noront Res	NOT	38881199	5.55	+	2.00
Chesapeake Gld	CKG	174190	8.15	+	1.50
Duran Vent	DRV	1602736	3.15	+	1.48
SouthGobi Engy	SGQ	221616	7.50	+	1.28
Bear Creek Mng	BCM	348439	8.45	+	1.07
Pac Booker Min	BKM	26650	11.20	+	0.90
Azimut Expl	AZM	136078	5.59	+	0.84
Gobimin	GMN	1380040	3.53	+	0.78
Waratah Coal	WCI	1171370	2.38	+	0.78
Aranka Gold	ARK	124900	1.90	–	0.90
Wealth Minls	WML	372940	2.93	–	0.47
Boss Power	BPU	120222	0.60	–	0.37
Rome Res	RMR	15000	0.88	–	0.32
Rainy River Rs	RR	713445	3.90	–	0.30
Rusoro Mng	RML	952543	2.18	–	0.26
Win Eldrich Mn	WEX	144655	1.89	–	0.21
Uruguay Mnl Ex	UME	241780	3.00	–	0.20
Southern Arc	SA	942094	1.49	–	0.20
Alhambra Res	ALH	51400	1.30	–	0.19

TSX-V most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
MacDonald Mns	BMK	43211	0.49	0.27	0.48	+	0.20
Forest Gate	FGT	43135	0.30	0.095	0.20	+	0.09
Noront Res	NOT	38881	5.55	3.01	5.55	+	2.00
Montello Res	MEO	35848	0.265	0.17	0.225	+	0.055
VMS Vent	VMS	34729	1.27	0.84	1.20	+	0.14
KWG Res	KWG	22273	0.105	0.07	0.105	+	0.025
Spider Res	SPQ	20858	0.12	0.085	0.12	+	0.03
Blue Note Mng	BN	12278	0.60	0.56	0.58	–	0.01
Sage Gold	SGX	11592	0.255	0.205	0.24	+	0.025
Searchgold Res	RSG	10181	0.35	0.245	0.32	+	0.06