TSX Venture Exchange -Jan. 19-25

A week of losses all but erased the gains the S&P TSX Venture composite index had made in the first two weeks of the new year — over the Jan. 19-25 trading period the board lost 58.87 points to close at 1546.85.

Lots of investors took part in the action, pushing the average daily trading volume to 130.7 million.

Meanwhile, 112 Venture-listed companies reach new 52-week share price highs over the week while only 22 fell to new lows.

One of the week’s volume leaders and top gainers was First Gold Exploration, which moved 25.6 million shares to close up 37¢ at 63¢. Nine of 13 drill holes at its Pivert-Rose lithium property in Quebec hit mineralization, outlining two new, near-surface, parallel zones. Assays are only available for one hole, which cut four intercepts including 4.8 metres grading 1.03% lithium dioxide, 2,923 grams rubidium per tonne, and strong tantalum, niobium, and beryllium. First Gold also assayed grab samples from a new surface showing, which returned strong lithium and rare earth metal grades.

More strong drill results from the Ghanzi copper-silver project in Botswana pushed Hana Mining up 37¢ to $1.75. The company is extending mineralization along strike and confirming grades in infill gaps; when the task is complete the Banana zone will stretch for 10.7 km. Recent results from the lower-grade South Limb area include 15 metres grading 1.21% copper and 16.8 grams silver per tonne and 11 metres of 1.04% copper and 12.4 grams silver.

San Gold’s share price saw a correction over the week despite the release of more high-grade gold assays from the Rice Lake mine in Manitoba. Underground drills hit new zones parallel to the 98 vein, returning 37 grams gold over 12.2 metres, and the 98 vein yielded the best chip sampling result from the mine to date, averaging 909 grams gold over 3 metres. Nevertheless, San Gold’s shares fell 25¢ to $3.50.

An initial resource estimate for the White Gold project in the Yukon failed to impress investors, who pushed Underworld Resources’ share price down 8¢ to $1.70. The Golden Saddle zone is now home to 9.7 million indicated tonnes grading 3.19 grams gold plus 4.1 million inferred tonnes averaging 2.33 grams gold within a conceptual open pit; potential underground resources add roughly 100,000 contained ounces to bring the total to 1.4 million oz. At the Arc zone drilling has defined 4.3 million inferred tonnes grading 1.21 grams gold, which fall into an open pit design.

And an initial estimate resource for the South zone at Serengeti Resources’ Kwanika project in central B.C. pegged inferred resources at 129 million tonnes grading 0.3% copper, 0.09 gram gold, 1.76 grams silver, and 0.01% molybdenum. The Central zone already hosts 189 million indicated tonnes grading 0.29% copper and 0.28 gram gold plus 29 million inferred tonnes grading slightly lower. On the news Serengeti’s share price fell 5¢ to 31.5¢.

TSX-V most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Alix Res	AIX	26946	0.10	0.04	0.07	+ 0.03
First Gold Exp	EFG	25617	1.03	0.21	0.63	+ 0.36
Freewest Res	FWR	19954	0.98	0.88	0.90	-0.07
Largo Res	LGO	14599	0.28	0.24	0.26	+ 0.01
Blue Note Mng	BNT	13934	0.26	0.13	0.19	+ 0.02
Avion Res	AVR	11195	0.75	0.60	0.62	-0.11
Great Western	GWG	10669	0.31	0.25	0.27	-0.03
Great Quest Me	GQ	9280	0.16	0.12	0.12	+ 0.01
San Gold Res	SGR	8753	3.92	3.23	3.50	-0.25
Sandstorm Res	SSL	7667	0.65	0.55	0.57	-0.01

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
First Gold Exp	EFG	25617	1.03	0.21	0.63	+133.3
Fission Energy	FIS	4757	0.40	0.17	0.37	+ 94.7
Firesteel Res	FTR	192	0.14	0.08	0.11	+ 83.3
Alix Res	AIX	26946	0.10	0.04	0.07	+ 75.0
Kenai Res	KAI	102	0.25	0.16	0.25	+ 66.6
Foran Mng	FOM	205	0.05	0.04	0.05	+ 66.6
Oriental Mnls	OTL	681	0.30	0.16	0.23	+ 64.2
Chilean Gold	CHN	492	0.60	0.27	0.55	+ 52.7
Meritus Mnls	MER	121	0.12	0.08	0.12	+ 50.0
Diadem Res	DRL	621	0.08	0.05	0.06	+ 50.0
Atlantic Ind M	ANL	20	0.04	0.04	0.04	-60.0
Pelangio Expl	PX	3751	0.54	0.22	0.32	-39.6
Arcturus Res	AZN	17	0.05	0.04	0.04	-33.3
Adroit Res	ADT	10	0.09	0.08	0.08	-33.3
Majescor Res	MJX	217	0.29	0.18	0.22	-31.2
Rome Res	RMR	39	0.34	0.25	0.25	-30.5
Amazon Mng	AMZ	1296	2.96	1.94	1.96	-30.2
Silver Spruce	SSE	4107	0.17	0.10	0.10	-28.5
Tinka Res	TK	191	0.29	0.20	0.20	-28.5
La Quinta Res	LAQ	379	0.10	0.08	0.08	-27.2

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TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Clifton Star	CFO	3223571	6.00	+ 0.59
Hana Mng	HMG	4809227	1.75	+ 0.38
First Gold Exp	EFG	25617452	0.63	+ 0.36
Macarthur Mnl	MMS	129484	1.28	+ 0.27
Lions Gate Mtl	LGM	42550	1.43	+ 0.23
Chilean Gold	CHN	492023	0.55	+ 0.19
Fission Energy	FIS	4757438	0.37	+ 0.18
AfricanAuraM	AUR	94871	1.32	+ 0.12
Noront Res	NOT	2966570	1.81	+ 0.12
SilverCrestMn	SVL	1653462	1.00	+ 0.11
Amazon Mng	AMZ	1296023	1.96	-0.85
East Asia Mnls	EAS	1915460	3.27	-0.83
Maudore Minls	MAO	348601	3.70	-0.50
Rainy River Rs	RR	1621856	4.86	-0.40
Energold Drill	EGD	501573	2.36	-0.36
Anooraq Res	ARQ	1073453	1.28	-0.35
Galway Res	GWY	3010411	1.18	-0.30
Quaterra Res	QTA	159943	1.88	-0.28
Canadn Shield	EXP	39663	1.60	-0.27
Mirasol Res	MRZ	1432538	1.93	-0.27