For a second week the S&P-TSX Venture composite index shrugged off its short downturn and made overall gains of 52.93 points, ending at 2,109.93.
The board was buzzing with activity, averaging 188 million shares traded daily. Some 190 juniors reached 52-week highs while 47 hit new lows.
Seafield Resources saw by far the highest volume, clocking in at 72.3 million shares traded. The company released drill results from the Miraflores deposit at its Quinchia gold project in Colombia. Results include hole 3 hitting 449 metres grading 1.29 grams gold per tonne, with a 24-metre section averaging 9.18 grams gold. The project already hosts an inferred resource of 18.6 million tonnes of 1.3 grams gold for 776,000 contained oz. gold, but the recently completed 4,100-metre drill program adds significantly to the data the resource was based on. Seafield’s share price climbed 35¢ to 57¢.
A positive ruling by the Commissioner for Minerals in Tanzania helped send Canaco Resources’ shares up 83¢ to $4.75. The company was entangled in a dispute with Sonora Gold & Silver over a small licence within Canaco’s Kilindi project. The ruling stated that the licence, which Sonora had optioned into, will now only be open for small-scale local mining. Sonora saw its share price drop 28¢ to 26¢.
A property acquisition in French Guiana helped Columbus Gold climb 27¢ to 52¢ per share. The company has secured the 135-sq.-km Paul Isnard project, which already hosts a resource of 33.2 million tonnes grading 1.69 grams gold for 2 million contained oz. gold. Along with smaller costs to earn 51%, Columbus can earn 100% in the project within four years by spending US$7 million, completing a bankable feasibility study, and issuing enough shares to France-listed Auplata for the company to own 49% of Columbus.
Eagle Plains Resources was one of the biggest percent gainers, climbing 50¢ or 208% to 74¢ after it issued an update on its Iron Range project in British Columbia, including rush assay results from sections of a drill hole. A 27-metre section from hole 5, starting at 63 metres depth, hit 4 metres of 1.49 grams gold and 22.5 grams silver and 1 metre carrying 6.05 grams gold and 33.9 grams silver. From 144 metres, a 19-metre interval averaged 0.84 gram gold throughout the sample. The company reported that holes 7 and 10 showed similar alteration. Providence Capital, which is earning in a 60% interest in the project, climbed $1.30 or 406% to $1.62.
Silvercrest Mines jumped 23¢ to $1.70 as it secured the La Joya property in Mexico. The company is buying the project from local vendors for US$2.68 million, payable over three years, plus a 2.5% net smelter return (NSR) royalty and US$1.5 million for La Joya West and a 1.5% NSR on La Joya East.
TSX-V most active issues | ||||||
VOLUME | WEEK | |||||
(000s) | HIGH | LOW | CLOSE | CHANGE | ||
Seafield Res | SFF | 72249 | 0.77 | 0.22 | 0.57 | + 0.34 |
Sunridge Gold | SGC | 26343 | 1.48 | 1.19 | 1.48 | + 0.28 |
Sidon Intl Res | SD | 23012 | 0.17 | 0.12 | 0.17 | + 0.05 |
Passprt Potash | PPI | 20378 | 0.38 | 0.23 | 0.32 | + 0.08 |
Tournigan Engy | TVC | 17846 | 0.45 | 0.28 | 0.32 | + 0.01 |
UragoldBayRs | UBR | 15122 | 0.08 | 0.04 | 0.05 | +0.02 |
Eagle Plains | EPL | 14620 | 0.75 | 0.22 | 0.74 | + 0.50 |
ESO Uranium | ESO | 12087 | 0.15 | 0.11 | 0.12 | -0.01 |
Encanto Potash | EPO | 12003 | 0.47 | 0.34 | 0.44 | + 0.01 |
Avion Gold | AVR | 11871 | 1.62 | 1.35 | 1.58 | + 0.17 |
TSX-V greatest percentage change | ||||||
VOLUME | WEEK | |||||
(000s) | HIGH | LOW | CLOSE | CHANGE | ||
Fortress Mnls | FST | 848 | 3.07 | 0.17 | 3.00 | + 1478.9 |
Eagle Plains | EPL | 14620 | 0.75 | 0.22 | 0.74 | + 208.3 |
Barker Mnrls | BML | 1243 | 0.06 | 0.04 | 0.05 | + 150.0 |
Seafield Res | SFF | 72249 | 0.77 | 0.22 | 0.57 | + 147.8 |
Roscan Minls | ROS | 397 | 0.18 | 0.11 | 0.14 | + 133.3 |
Columbus Gold | CGT | 6893 | 0.57 | 0.25 | 0.52 | + 108.0 |
BCM Res | B | 232 | 0.41 | 0.22 | 0.40 | + 100.0 |
Arcturus Res | AZN | 953 | 0.16 | 0.09 | 0.12 | + 100.0 |
EurOmax Res | EOX | 4835 | 0.27 | 0.12 | 0.23 | + 91.6 |
Cadillac Mng | CQX | 2807 | 0.17 | 0.09 | 0.17 | + 88.8 |
Pancontl Uran | PUC | 1987 | 0.44 | 0.22 | 0.23 | -42.5 |
BE Res | BER | 4416 | 1.07 | 0.55 | 0.58 | -42.0 |
Georox Res | GXR | 626 | 0.49 | 0.25 | 0.28 | -36.3 |
Energizer Res | EGZ | 3537 | 0.53 | 0.31 | 0.32 | -36.0 |
Mukuba Res | MKU | 202 | 0.42 | 0.25 | 0.33 | -31.2 |
Solid Res | SRW | 782 | 0.15 | 0.10 | 0.11 | -31.2 |
WhiteCanyonU | WU | 7675 | 0.23 | 0.16 | 0.17 | -29.1 |
Kingsman Res | KSM | 622 | 0.14 | 0.10 | 0.10 | -28.5 |
Helio Res | HRC | 1534 | 0.65 | 0.42 | 0.48 | -26.1 |
Atac Res | ATC | 9072 | 7.75 | 4.95 | 5.80 | -24.6 |
TSX-V greatest value change | ||||
WEEK | ||||
VOLUME | CLOSE | CHANGE | ||
Fortress Mnls | FST | 848293 | 3.00 | + 2.81 |
Rainy River Rs | RR | 2132451 | 12.65 | + 1.20 |
Bear Creek Mng | BCM | 1222312 | 9.95 | + 0.88 |
Canaco Res | CAN | 5720535 | 4.75 | + 0.83 |
Riva Gold | RIV | 1607096 | 2.25 | + 0.70 |
Amazon Mng | AMZ | 968763 | 4.56 | + 0.65 |
Hana Mng | HMG | 2216977 | 5.10 | + 0.61 |
Eurasian Minls | EMX | 483183 | 3.28 | + 0.60 |
Antares Minls | ANM | 1899927 | 7.68 | + 0.58 |
Eagle Plains | EPL | 14619703 | 0.74 | + 0.50 |
Atac Res | ATC | 9071527 | 5.80 | -1.90 |
Chesapeake Gld | CKG | 244848 | 11.05 | -1.07 |
RareElemntRs | RES | 516503 | 9.85 | -0.95 |
Lumina Copper | LCC | 630270 | 3.60 | -0.90 |
Tasman Metals | TSM | 2512626 | 3.12 | -0.47 |
BE Res | BER | 4416237 | 0.58 | -0.42 |
Callinan Mns | CAA | 481370 | 2.81 | -0.31 |
Strategic Metl | SMD | 4279639 | 1.92 | -0.24 |
Clifton Star | CFO | 514842 | 4.93 | -0.21 |
Energold Drill | EGD | 1322262 | 3.80 | -0.20 |
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