TSX VENTURE EXCHANGE -Sept. 13-17

Another big week sent the S&P-TSX Venture composite index up 65.46 points between Sept. 13 and 17 to close at 1661.96, nearing its 52-week high of 1691. The board kept humming with increased volume, averaging 155 million shares traded daily.

Close to three months of steady gains on the Venture has the bulls finally outweighing the bears again, albeit by a narrow margin. Over the period 96 Venture-listed companies reached new 52-week share price highs while 92 fell to new lows.

The Yukon continues to be hot, with Atac Resources taking the biggest gainer of the week title on updates from its Rau and Connaught projects. The company climbed $1.18 to regain ground lost the week before and end at $6.60 on 5.3 million shares traded. Atac reported that it had completed several more holes at its Rau project, where earlier this month a 65.2-metre intercept grading 4.65 grams gold sent the company’s share price skyward. However, no actual assay results from Rau were released.

Meanwhile at the Connaught project, where Atac has a 50-50 joint venture with Klondike Silver, the company reported results from a sampling program. Several veins were identified, including Sandro’s vein that sampled 5.77 grams gold per tonne and 70.7 grams silver per tonne. Klondike Silver saw 24.4 million shares traded on its way to gaining 2¢ and closing at 5.5¢.

Both Medoro Resources and Romarco Minerals also saw high trading volumes after releasing drill results the week before. But while Romarco moved 27.8 million shares somewhat evenly over the week to end up 16¢ at $2.30, Medoro’s 25 million shares traded were largely from a single-day spike of 23.3 million and ended the week down 21¢ at $1.75.

Canaco Resources had another big week at its Handeni project in Tanzania. Drill results from the Magambazi gold discovery included 27 metres grading 4.29 grams gold and 15.6 metres grading 6.6 grams gold, while exploration results from elsewhere on the project seem to indicate that the Handeni gold trend is actually two parallel trends with a combined strike length of over 15 km. Canaco’s stock price was up $1.17 to end at $3.98 on 12 million shares traded.

Next door to Canaco, Gem International has scooped up a 227.2-sq.-km land package through an option agreement with Eden Gold. Gem became active in Tanzania about a year ago after optioning into some prospective diamond properties in the Shinyanga region of the country. While details about the property’s potential were sparse, the company’s stock price climbed 110% to end up 33¢ at 63¢ on 470,000 shares traded.

Wolverine Minerals’ share price spiked after announcing an option agreement on 21 Yukon properties. The company gained 17¢ or 73.9% to end at 40¢ on 2 million shares traded.

TSX-V most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
RomarcoMnrls	R	27822	2.57	2.11	2.30	+ 0.16
Medoro Res	MRS	24997	1.98	1.69	1.74	-0.21
Klondike Silv	KS	24396	0.08	0.04	0.05	+ 0.01
First Gold Exp	EFG	15773	0.39	0.22	0.34	+ 0.11
Allana Res	AAA	14973	0.53	0.43	0.48	+ 0.06
Sidon Intl Res	SD	14323	0.16	0.12	0.14	+ 0.02
Northern Tiger	NTR	13788	0.72	0.49	0.66	+ 0.16
Contintl Mnls	KMK	13667	2.62	2.25	2.58	+ 0.29
Creso Expl	CXT	13443	1.07	0.83	0.94	+ 0.07
Channel Res	CHU	12776	0.25	0.17	0.23	+ 0.05

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Dynasty Gold	DYG	2134	0.07	0.04	0.05	+ 150.0
Luiri Gold	LGL	173	0.17	0.09	0.17	+ 142.8
Cannon Pnt Res	CNP	58	0.20	0.11	0.20	+ 122.2
Colibri Res	CBI	61	0.06	0.05	0.06	+ 100.0
Zeox	ZOX	1686	0.05	0.03	0.04	+ 100.0
Stealth Mnls	SML	2399	0.03	0.01	0.02	+ 100.0
Pebble Ck Mng	PEB	513	0.14	0.06	0.14	+ 100.0
Confedertn Mls	CFM	603	0.18	0.10	0.14	+ 75.0
Wolverine Mnls	WLV	2004	0.44	0.20	0.40	+ 73.9
Axmin Inc	AXM	11370	0.15	0.08	0.12	+ 71.4
Agau Res	AGS	20	0.05	0.05	0.05	-50.0
Emgold Mng	EMR	79	0.19	0.12	0.12	-36.8
Boss Power	BPU	110	0.10	0.10	0.10	-28.5
Argonaut Expl	AGA	13	0.18	0.17	0.18	-25.0
Golden Dawn Ml	GOM	8064	0.08	0.05	0.06	-25.0
Chris James Gl	CJG	1550	0.12	0.09	0.10	-23.0
Northern Freeg	NFR	1065	0.41	0.32	0.32	-21.9
Solomon Res	SRB	770	0.44	0.33	0.36	-21.7
Silver Fields	SF	47	0.14	0.11	0.11	-21.4
Aldrin Res	ALN	2438	0.48	0.37	0.38	-20.8

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Atac Res	ATC	5391471	6.60	+ 1.18
Canaco Res	CAN	12048209	3.98	+ 1.17
East Asia Mnls	EAS	1670309	6.05	+ 0.74
Maudore Minls	MAO	229516	5.00	+ 0.61
Rainy River Rs	RR	7521302	8.65	+ 0.59
Clifton Star	CFO	3261054	4.52	+ 0.37
Esperanza Silv	EPZ	932835	2.03	+ 0.36
Hana Mng	HMG	3820900	2.65	+ 0.35
Energold Drill	EGD	391500	3.03	+ 0.34
Contintl Mnls	KMK	13666613	2.58	+ 0.29
Kaminak Gold	KAM	2694576	3.13	-0.46
Chesapeake Gld	CKG	103150	9.00	-0.26
Quest Rare Mnl	QRM	1219337	3.68	-0.24
Centurion Mnls	CTN	155800	1.53	-0.22
Medoro Res	MRS	24997136	1.74	-0.21
Tasman Metals	TSM	1360411	1.20	-0.15
Colstar Vent	CTR	455000	0.65	-0.15
Silver Quest R	SQI	6514240	0.76	-0.13
Bowmore Expl	BOW	142706	0.50	-0.13
Anfield Nickel	ANF	63004	3.89	-0.11