TSX VENTURE EXCHANGE -November 15-19

The third week of November saw the S&PTSX Venture composite index lose more than it gained for the first time since July: the board lost 84.22 points in the first two days of the week, but recovered somewhat to end down 11.22 points at 1,995.87. The loss disrupted a four-month ascent during which the board climbed from 1,343 to above 2,000.

Daily trading volumes remained very strong, averaging 140 million. And despite the overall loss, 96 juniors reached new 52-week highs while only 47 fell to new lows.

BonTerra Resources moved 22 million shares to fall 19¢ to 50¢. BonTerra is exploring its Eastern Extension property, on the Abitibi greenstone belt in Quebec, and earlier in the month reported a 13.5-metre intercept grading 17.06 grams gold per tonne in hole 1 and a 7.7-metre hit in hole 2 averaging 25.36 grams gold. This week hole 3, collared 20 metres away, returned two intercepts: 1.8 metres of 39.49 grams gold and 6.8 metres of 12.7 grams gold. In October, BonTerra shares were trading around 13¢.

Metalex Ventures saw its share price almost double on news a 15-metre drill intercept from the T1 kimberlite at its Kyle Lake project in Quebec contained 800 diamonds, ranging in size from 0.425 to 0.85 mm. The intercept is now being processed further to recover any additional stones. The news pushed Metalex shares up 38.5¢ to 80¢. Arctic Star Diamond, a 5.8% joint-venture partner, saw its share price remain unchanged despite 14 million shares traded.

A 520-metre hit averaging 1.44 grams gold at the Chester project in northern Ontario propelled Trelawney Mining and Exploration up 64¢ to $2.54. Trelawney says the hit supports the company’s belief that Chester has the potential to host as much as 6 million oz. gold. Following the news, Trelawney announced a $50-million bought-deal offering, which it increased to $55 million the next day.

Two sets of drill results revealing three new zones and the closing of a $12-million financing were not enough for Kaminak Gold shareholders, who pushed the company’s share price down 14¢ to $2.98. Drills at the Coffee project in the Yukon first discovered two new zones in the Latte area, which produced such intercepts as 5.5 grams gold over 11 metres and 2.6 grams gold over 13 metres, and then returned 2.4 grams gold over 18 metres and 6.53 grams gold over 3 metres in the new Americano zone.

BHP Billiton’s failed bid to acquire Potash Corp. of Saskatchewan has been a boon for potash juniors, as investors gamble on where the world’s potash money might flow next. Some have bet on Western Potash, lifting its share price from 45¢ to more than $1 since mid-August. In September, the company completed a scoping study for its Milestone project in Saskatchewan, which pegged potash resources at 174 million measured and indicated tonnes plus 560 million inferred tonnes.

TSX-V most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Bonterra Res	BTR	22116	0.71	0.38	0.49	-0.19
KWG Res	KWG	16256	0.12	0.10	0.11	0.00
Arctic Star Di	ADD	14168	0.05	0.04	0.05	+ 0.01
Iberian Mnls	IZN	12883	0.82	0.65	0.80	+ 0.04
US Silver	USA	12816	0.71	0.53	0.66	-0.04
Sheltered Oak	OAK	11183	0.14	0.10	0.13	+ 0.03
North Am Gem	NAG	10368	0.12	0.09	0.12	+ 0.01
Sandstorm Res	SSL	9935	0.74	0.67	0.69	-0.04
La Quinta Res	LAQ	9033	0.09	0.06	0.08	+ 0.01
Passprt Potash	PPI	9018	0.16	0.09	0.14	+ 0.04

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Augen Gold	GLD	7802	0.65	0.28	0.56	+ 86.6
Metalex Vent	MTX	1023	0.90	0.41	0.80	+ 86.0
Tri Origin Exp	TOE	838	0.17	0.11	0.17	+ 70.0
Roscan Minls	ROS	34	0.10	0.09	0.10	+ 66.6
Olivut Res	OLV	1535	1.35	0.76	1.18	+ 57.3
Augen Capital	AUG	815	0.12	0.06	0.11	+ 57.1
NMC Res	NRC	983	0.25	0.15	0.23	+ 53.3
Confedertn Mls	CFM	418	0.29	0.19	0.29	+ 52.6
Midasco Cap	MGC	90	0.06	0.05	0.06	+ 50.0
Candorado Oper	CDO	2660	0.06	0.04	0.06	+ 50.0
Whitemud Res	WMK	4094	0.22	0.08	0.09	-64.0
Indicator Minl	IME	5364	0.12	0.08	0.09	-40.0
Meritus Mnls	MER	1514	0.28	0.18	0.18	-35.7
El Nino Vent	ELN	1388	0.10	0.07	0.07	-30.0
Pac Coast Nikl	NKL	114	0.08	0.05	0.07	-30.0
Atocha Res	ATT	5238	0.17	0.11	0.12	-29.4
Tosca Mng	TSQ	59	0.25	0.17	0.18	-28.0
Bonterra Res	BTR	22116	0.71	0.38	0.49	-27.9
Stealth Mnls	SML	614	0.04	0.03	0.03	-25.0
Teslin Rvr Res	TLR	144	0.07	0.06	0.06	-25.0

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Trelawney M&Ex	TRR	7683897	2.54	+ 0.57
Cayden Res	CYD	102297	4.76	+ 0.54
Tasman Metals	TSM	4829359	1.95	+ 0.49
Olivut Res	OLV	1534725	1.18	+ 0.43
Clifton Star	CFO	1379064	4.92	+ 0.39
Metalex Vent	MTX	1022910	0.80	+ 0.37
Quest Rare Mnl	QRM	2971971	4.55	+ 0.34
NinetyNineCp	WDG	1424302	2.62	+0.32
Mirasol Res	MRZ	410705	3.67	+ 0.32
Iron Creek Cap	IRN	253320	0.95	+ 0.27
RareElemntRs	RES	1037547	10.00	-1.25
Chesapeake Gld	CKG	299766	11.73	-0.45
Strategic Metl	SMD	2411388	2.01	-0.40
Polar Star Mng	PSR	444386	1.90	-0.40
Pac Booker Min	BKM	20168	8.90	-0.35
Atac Res	ATC	1833178	7.70	-0.30
Kaminak Gold	KAM	2439156	2.98	-0.22
Bonterra Res	BTR	22115693	0.49	-0.19
Eurasian Minls	EMX	80244	2.51	-0.18
RomarcoMnrls	R	4479504	2.44	-0.18