TSX Venture edges higher, Sept. 16-20: Great Bear, Amex Exploration, Aurania, Equinox

The S&P/TSX Venture Composite Index rose 0.2% to 590.45 during the trading week.

Shares of Great Bear Resources rose 4.7% to $8.99. On Sept. 3, the company reported multiple gold discoveries along a 3.2 km strike length of the 18 km LP Fault target at its wholly owned Dixie project in Red Lake, Ontario. High-grade gold intercepts include 101.7 grams gold per tonne over 2 metres within 10.65 grams gold per tonne over 17 metres from 91 metres downhole, and 27.77 grams gold per tonne over 2 metres within a 7-metre intercept of 11.08 grams gold from 288 metres downhole.The company says wide intervals of disseminated gold mineralization have been drilled near the high-grade intercepts, including 22 metres of 1.14 grams gold from 66 metres deep, and 41 metres of 1 gram gold at 165 metres underground.

Amex Exploration gained 22.78% to close at $1.24, after announcing drill results from the Gratien gold zone within its Perron property in Quebec on Sept. 19. Highlights include 16.48 grams gold per tonne over 15 metres, including 47.69 grams gold over 5 metres, with individual intercepts of 315.4 grams gold over 1 metre, and 102.96 grams gold over 1 metre at a vertical depth of 145 metres.

Other highlights include 29.21 grams gold per tonne over 1 metre from 99 metres, including 75.56 grams gold over 1 metre at a depth of 85 metres, and 2.45 grams gold over 15 metres from 158 metres, including 46.68 grams gold over 1 metre at a depth of 125 metres.

Shares of Aurania Resources rose 5.1% to $2.66 each. The company announced on Sept. 20 that it closed an oversubscribed, non-brokered private placement for gross proceeds totalling $4.5 million. The private placement had two tranches: the first saw the issuance of 1 million units at $2.70 per unit that raised $2.8 million, and the second issued 621,013 units for gross proceeds of $1.7 million. Each unit consists of one Aurania share and one half-share purchase warrant that entitles the holder to buy an Aurania share at $4 within 1.5 years of closing the private placement. The money will be used to explore the Lost City gold project in Morona-Santiago, Ecuador, and for general working capital purposes.

Equinox Gold saw its shares fall 3.4% to $7.69 each. The company’s shares stopped trading on the OTC market as shares started trading on the NYSE American Stock Exchange on Sept. 16, under the ticker symbol “EQX.” Equinox shares will continue trading on the TSX Venture Exchange under the ticker symbol “EQX.” Its warrants will continue trading on the TSX Venture Exchange and on OTC markets under the ticker symbol “EQXWF.” The company’s warrants will not be listed on the NYSE American.