Junior exchange uneasy as war looms.

Vancouver — Canada’s junior exchange braced itself for war over the week ended March 18. The S&P-TSX Venture Exchange composite index slipped 9.94 points, or 0.92% of its value, and closed at 1,062.00.

Doublestar Resources jumped 10 to close at 57. The company plans to launch a 1,100-metre drill program on its Zopilote gold project in Honduras, the objective being to expand the existing resource of 446,000 oz. gold contained in 10.5 million tonnes grading 1.32 grams gold per tonne.

Spur Ventures closed down 4, to 55. The company recently amended the size of a private placement from “up to” 3.7 million units to “up to” 4 million units at 50 per unit. A unit consists of one share and one non-transferable warrant exercisable at 60 per share for two years. Proceeds will be applied to engineering work at the Yichang phosphate project in China.

Wolfden Resources jumped 40 and closed at $2.25 after reporting encouraging results at its Red Lake ground in Ontario and Monument Bay project in Manitoba.

IMA Explorations closed at 89, up 2. The company reported a grassroots high-grade silver discovery in the Patagonia region of southern Argentina. Dubbed Navidad, the discovery would appear to be part of a shallow subaqueous epithermal system that deposited silver-enriched sulphides at or near the sea floor. IMA has identified a large mineralized system with two key features — a high-grade section measuring several hundred metres, and a lower-grade bulk-tonnage target that extends for several kilometres.

Spider Resources ended the week at 9, up a penny. The junior and its partner, KWG Resources, launched a 1,000-metre program of diamond drilling on its Spider 3 base metal prospect in the James Bay Lowlands of northern Ontario

Goldminco continued to trade heavily with little impact on its share price. The Perth-based junior ended the week flat at 13. Initial results from the Balabag gold-silver property in the Philippines are expected shortly. At last report, the company was drilling the third hole.

Moss Lake Gold Mines tacked on 2 and closed the week at 11. At last report, the junior was working the Moss Township property in the Shebandowan greenstone belt, 100 km west of Thunder Bay, Ont.

Pathfinder Resources found a penny and closed at 21. The company has completed a due-diligence study of the Zulema property in northern Chile, which is believed to hold excellent potential for a copper-gold deposit. Subsequently, Pathfinder issued 100,000 shares and paid US$37,500 to International PBX Ventures in order to maintain its option to earn a 70% interest in the 30-sq.-km property. International PBX closed up a nickel to 75.

Note: Due to technical difficulties, trading data are not available for March 12th and 13th.