TSX VENTURE EXCHANGE -October 4-8

With rising gold and copper prices contrasting poor U.S. employment data and mixed feelings about more international government stimulus plans, the S&P-TSX Venture composite index continued its up-down-up pattern over the Oct. 4-8 week to end up 40.09 points at 1,784.88. Daily trading volumes remained very strong, averaging 145 million.

Even though each week shows mixed signals, the overall Venture market trend has been nothing but up since mid-July — the Venture board has gained some 400 points in less than three months. And the bears-versus-bulls race reflects that overall gain as 113 Venture-listed companies reached new 52-week share price highs while only 67 fell to new lows.

A steady stream of good news prompted Avion Gold shareholders to exchange 13.8 million Avion shares, lifting the African gold producer up 5¢ to 76¢. The company produced 23,609 oz. gold at its Tabakoto-Segala mine in Mali in the third quarter, an 89% increase over the third quarter of 2009, and now has started developing underground mine workings at the site to access higher-grade ore and increase production. Avion also closed its acquisition of the Hounde Group concessions in Burkina Faso.

With its second gold stream now online in the form of SilverCrest Mines’ newly operational Santa Elena mine, Sandstorm Resources decided to tap the markets for some funding. First it announced a $38-million bought deal financing, then it increased the deal to $50 million. Either way, investors were not terribly pleased and pushed Sandstorm’s share price down 6¢ to 73¢. Sandstorm says it will use the funds for further metal stream acquisitions.

Infill drill results from the Northeast Fold area at the Ghanzi sediment-hosted copper-silver project in Botswana lifted Hana Mining 34¢ to a new high of $3.05. Hana is modeling a pit at Northeast Fold, which would follow after the planned New Discovery pit in a mine plan. New intercepts from the second potential pit include 2.5 metres grading 5.69% copper and 14 grams silver and 8.3 metres of 2.26% copper and 10 grams silver.

Good gold intercepts from new zones in the footwall and at depth in the Hinge mine lifted San Gold 12¢ to $3.47. Drilling at Hinge is focused on the L10 and L4 zones, which are south of the main zones currently being mined, and the work recently returned such intercepts as 12.7 grams gold per tonne over 11.6 metres and 31.5 grams gold over 2.6 metres.

And promising trench results from the Silverjack project in New Brunswick added 10¢ to Slam Exploration’s share price, which reached 26¢. Slam dug 600 metres of trenches near its Silverjack zone, where earlier drilling returned 6.6 metres grading 268 grams silver per tonne, 1.27% copper, 5.65% zinc, and 4.53% lead.

TSX-V most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Knight Res	KNP	18995	0.12	0.05	0.06	-0.04
Beaufield Res	BFD	17590	0.51	0.37	0.43	-0.02
Advanced Expl	AXI	15768	0.82	0.52	0.65	+ 0.16
Avion Res	AVR	13752	0.83	0.71	0.76	+ 0.05
US Silver	USA	13541	0.46	0.36	0.44	+ 0.06
Sandstorm Res	SSL	12754	0.83	0.65	0.73	-0.06
Canasia Indust	CAJ	11606	0.17	0.10	0.12	-0.05
Great Western	GWG	10967	0.40	0.32	0.34	-0.02
San Gold Res	SGR	10804	3.52	2.94	3.47	+ 0.12
Slam Exploratn	SXL	9912	0.26	0.17	0.26	+ 0.10

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Kokanee Mnls	KOK	3034	0.36	0.13	0.29	+ 141.6
Verbina Res	VUR	29	0.27	0.19	0.27	+ 107.6
Dorato Res	DRI	4511	1.32	0.69	1.32	+ 80.8
Focus Metals	FMS	549	0.19	0.10	0.19	+ 72.7
Boxxer Gold	BXX	3879	0.24	0.14	0.23	+ 64.2
Slam Exploratn	SXL	9912	0.26	0.17	0.26	+ 62.5
Goldrush Res	GOD	894	0.24	0.14	0.24	+ 60.0
Loncor Res	LN	1421	1.79	1.30	1.75	+ 59.0
Global Minls	CTG	365	0.19	0.12	0.19	+ 58.3
White Bear Res	WBR	43	0.11	0.09	0.11	+ 57.1
Karmin Expl	KAR	236	0.16	0.08	0.10	-47.3
Gray Rock Res	GRK	23	0.07	0.05	0.05	-44.4
Knight Res	KNP	18995	0.12	0.05	0.06	-40.0
Soho Res	SOH	2111	0.15	0.08	0.09	-35.7
Luiri Gold	LGL	23	0.12	0.09	0.12	-33.3
Rochester Res	RCT	800	0.14	0.09	0.10	-33.3
Anglo-Bomarc	ANB	10	0.09	0.09	0.09	-30.7
Canasia Indust	CAJ	11606	0.17	0.10	0.12	-29.4
Rio Cristal Rs	RCZ	2014	0.19	0.12	0.12	-29.4
Am Cons Minls	AJC	8973	0.21	0.10	0.12	-29.4

447555

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
vAtac Res	ATC	1989712	6.86	+ 0.85
Titanium Corp	TIC	2094269	2.50	+ 0.70
Loncor Res	LN	1420605	1.75	+ 0.65
Chesapeake Gld	CKG	137964	9.75	+ 0.60
Dorato Res	DRI	4511439	1.32	+ 0.59
Batero Gold	BAT	2.30	+ 0.38
AfricanAuraM	AUR	234621	2.30	+ 0.35
Indico Res	IDI	303505	0.85	+ 0.30
Hana Mng	HMG	2503988	3.05	+ 0.29
Sunridge Gold	SGC	1458399	1.05	+ 0.25
RareElemntRs	RES	1196097	7.46	-1.44
Canaco Res	CAN	2268669	3.15	-0.50
Eurasian Minls	EMX	231378	2.42	-0.42
Antares Minls	ANM	663342	4.41	-0.26
Tsodilo Res	TSD	143040	1.37	-0.20
BE Res	BER	1608182	0.85	-0.19
Typhoon Expl	TYP	382138	1.37	-0.19
Quaterra Res	QTA	282767	1.44	-0.19
Bear Creek Mng	BCM	1701069	6.05	-0.17
Foundation Res	FDN	1523865	0.39	-0.16