The S&P-TSX Venture composite index climbed 45.57 points over the Jan. 10-14 period, ending at 2275.45.
The board was humming with activity, with a daily trading average of more than 200 million shares. Some 19 Venture-listed juniors hit 52-week lows while 143 hit new highs.
Positive metallurgical results helped push up Lumina Copper a dollar to $6. Initial testing on the company’s Taca Taca copper-gold-molybdenum project in northern Argentina showed recoveries of copper at 85.1%, molybdenum at 52.5%, and gold at 38.4% in the primary mineralized zone, while slightly lower in the Supergene zone. The testing also showed low levels of arsenic. The company is now planning a larger phase of testing. Lumina followed up the test results by announcing a $15.5-million financing.
Leading the value-gain category, Amazon Mining was up $1.02 to $7.84, after announcing a $10-million private placement, issuing 2.4 million shares at $4.17 apiece. The gains were in part a recovery from a significant dip in the latter-half of the previous week. The company shares were trading for roughly $1.50 last July.
Axmin was lively with 20 million shares traded as the company gained 5¢ to close at 20¢. Axmin announced it had sold 9.6 million shares of Copper Development Corp. for net proceeds of roughly $4.3 million, the latest in a push to liquidate non-core assets. Axmin is focusing its resources on its Passendro gold project in the Central African Republic, with the new funds going to cover, among other things, a soon-to-be-completed feasibility study.
Uranium North Resources had a healthy percentage gain on its stock price, climbing 13¢ to 31¢ after releasing sample results from its Nowyak property in Nunavut. Grab samples returned values as high as 32.9 grams gold per tonne, 1,350 grams silver per tonne, and 4.2% copper, while the company reported that gold mineralization occurs along a 200- to 300-metre-wide altered shear zone. Of 56 grab samples, 20 yielded gold values above 1 gram gold and 10 returned values above 10 grams gold.
With almost 32 million shares traded, Currie Rose Resources had the highest trading volume. The attention, however, led to its shares dropping 15¢ to 19¢ apiece. The company released initial drill results from its Mabale Hills gold project in northwest Tanzania, with the majority of the 26 holes hitting low or no mineralization. Exceptions included hole 1 that hit 3 metres of 9.89 grams gold, and hole 13 that cut 3 metres of 11 grams gold.
TSX-V most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Currie Rose Rs CUI 31777 0.39 0.17 0.19 – 0.15
Encore Ren Res EZ 25270 0.08 0.05 0.06 – 0.01
Axmin Inc AXM 20052 0.22 0.14 0.19 + 0.04
Northern Star NSM 19962 0.07 0.04 0.05 0.00
Allana Res AAA 19394 0.92 0.67 0.90 + 0.21
Ultra Lithium ULI 17993 0.17 0.08 0.14 + 0.06
Great Western GWG 16630 0.70 0.57 0.61 + 0.03
Largo Res LGO 15941 0.46 0.38 0.41 + 0.04
Slam Exploratn SXL 13755 0.24 0.17 0.20 – 0.03
NQ Expl NQE 13754 0.17 0.10 0.12 – 0.01
TSX-V greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
OroAndes Res OAR 397 0.27 0.12 0.27 + 92.8
Central Iron O CIO 968 0.26 0.14 0.25 + 92.3
Ultra Lithium ULI 17993 0.17 0.08 0.14 + 75.0
Goldex Res GDX 4458 0.14 0.07 0.14 + 75.0
Advance Gold AAX 676 0.21 0.11 0.17 + 70.0
Uranium North UNR 12527 0.41 0.17 0.32 + 68.4
Midasco Cap MGC 95 0.12 0.08 0.10 + 66.6
Zinco Mng ZIM 418 0.52 0.34 0.51 + 59.3
Waymar Res WYM 1446 1.27 0.73 1.27 + 58.7
Cornerstone Ca CGP 5592 0.39 0.22 0.38 + 58.3
Currie Rose Rs CUI 31777 0.39 0.17 0.19 – 44.1
Celeste Copper C 2107 0.17 0.11 0.12 – 29.4
Candorado Oper CDO 3803 0.06 0.05 0.05 – 28.5
Advanced Prima APD 13 0.25 0.22 0.25 – 26.4
Luiri Gold LGL 10 0.17 0.14 0.14 – 26.3
Global Hunter BOB 731 0.12 0.09 0.09 – 25.0
Taranis Res TRO 195 0.29 0.23 0.23 – 23.3
Killdeer Mnls KMI 53 0.12 0.10 0.10 – 23.0
Champion Bear CBA 24 0.35 0.27 0.27 – 22.8
Aldershot Res ALZ 503 0.09
0.07 0.07 – 22.2
TSX-V greatest value change
WEEK
VOLUME CLOSE CHANGE
Amazon Mng AMZ 844992 7.85 + 1.02
Lumina Copper LCC 648805 6.00 + 1.00
New Millen Cap NML 11067277 3.46 + 0.88
Macarthur Mnl MMS 1150422 3.70 + 0.80
Chesapeake Gld CKG 220304 13.69 + 0.79
Alderon Res ADV 4800918 3.35 + 0.68
Riva Gold RIV 841510 2.52 + 0.64
Batero Gold BAT 656561 2.90 + 0.58
Strategic Metl SMD 2104678 2.80 + 0.58
Tasman Metals TSM 2480134 4.54 + 0.48
Rare Elemnt Rs RES 1505112 13.17 – 1.21
Bear Creek Mng BCM 819872 8.37 – 0.53
Canaco Res CAN 2044731 4.90 – 0.46
Callinan Mns CAA 657448 2.82 – 0.30
Aldridge Minls AGM 196361 1.84 – 0.28
Pac Booker Min BKM 17230 9.22 – 0.25
Richfield Vent RVC 531552 3.98 – 0.22
Olivut Res OLV 294660 1.12 – 0.21
NMC Res NRC 56990 0.90 – 0.20
Rainy River Rs RR 2342285 11.60 – 0.19
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