With precious metals trading in a tight range and base metals weakening slightly, the S&P-TSX Venture Composite Index managed to post a modest gain of 25.23 points to close the Christmas-holiday shortened Dec. 19-20 trading session at 2,846.28. Average daily trading volumes strengthened on the week to 76.8 million shares.
The weekly new highs versus lows tally continued to tip toward the bullish side with 34 junior board explorers reaching new 52-week highs compared with 28 that slid to yearly lows.
The uranium buzz propelled Sparton Resources to top trader by volume with more than 5.4 million shares changing hands on the abbreviated session. The stock gained 51% to close up 9.5 at 28 following the announcement it was evaluating uranium-bearing coal ash from three power generating stations in China.
Following further results from its El Corazon project in Ecuador, shares of Skeena Resources dropped 6.5 to close at 23 apiece on volume of 5.3 million. Recent drilling returned up to 2 metres of 20.7 grams gold per tonne.
Consolidated Gold Win Ventures shed a couple of pennies to close at 17.5 per share on trading volume of almost 5.2 million. The stock recently saw a rally based on a visual description of drill core from its South Dolly Varden gold-copper project, in Elko Cty., Nev. Its president has also confirmed plans to invest $1 million into the company.
Shares of Blue Note Mining notched up a couple of cents to close at 47 apiece on trading volume of over 4.9 million. It plans to reactivate the past-producing Caribou and Restigouche lead-zinc mines in New Brunswick.
Junior uranium hunter Northwest Mineral Ventures gained 16%, or a dime, to 71 per share on volume of 4.3 million. In addition to discovery of a uranium-mineralized zone on its North Rae project in Quebec, it identified five radioactive structures on its properties in Niger.
Searchgold Resources gained 26% over the trading session, closing up 3 to 14.5 per share on volume of almost 4.3 million. It recently began drilling its African gold projects in Gabon and Guinea. The company also plans alluvial diamond operations next year in Guinea with partner Mano River Resources.
Shares of uranium producer UrAsia Energy spiked to new highs, closing up 20 at $5.00 apiece on volume of 4.1 million in the shortened trading session. It recently boosted resources at its South Inkai uranium project in Kazakhstan by 69%.
Also buoyed by the uranium rally, Trigon Uranium gained 39% to close the session up 31 at $1.11 per share on volume of 3.8 million. The diamond explorer recently branched out into uranium with projects in Utah and plans to place its gem projects in a new company.
MAG Silver gained 90 per share to close at $6.00 on two-day volume of 411,000. Stepout drilling with partner Peoles on the Juanicipio silver joint venture intersected a significant mineralized vein.
TSX-V greatest percentage change
| VOLUME(000s) | HIGH | LOW | CLOSE | CHANGE | ||
| Frontier Pacif | FRP | 1760 | 0.72 | 0.48 | 0.69 | +53.3 |
| Sparton Res | SRI | 5445 | 0.345 | 0.20 | 0.28 | +51.3 |
| Solex Res | SOX | 1219 | 1.11 | 0.72 | 1.05 | +45.8 |
| Trigon Expl Cn | TEL | 3796 | 1.13 | 0.82 | 1.11 | +38.7 |
| Currie Rose Rs | CUI | 365 | 0.37 | 0.275 | 0.37 | +34.5 |
| Waseco Res | WRI | 1532 | 0.46 | 0.35 | 0.45 | +32.3 |
| Ultra Uranium | ULU | 96 | 0.79 | 0.54 | 0.78 | +32.2 |
| Green Valley | GVY | 16 | 0.105 | 0.105 | 0.105 | +31.2 |
| Vedron Gold | VG | 222 | 0.39 | 0.27 | 0.35 | +29.6 |
| Northern Conti | NCR | 1520 | 0.64 | 0.47 | 0.61 | +28.4 |
| Marum Res | MMU | 2706 | 0.15 | 0.095 | 0.12 | -31.4 |
| Goldbrook Vent | GBK | 1645 | 0.24 | 0.16 | 0.185 | -30.1 |
| Amanta Res | AMH | 146 | 0.36 | 0.26 | 0.26 | -27.7 |
| Newcastle Mnls | NCM | 156 | 0.15 | 0.11 | 0.11 | -26.6 |
| Skeena Res | SKE | 5342 | 0.32 | 0.23 | 0.23 | -22.0 |
| Phoenix Mat | PMM | 2335 | 0.165 | 0.12 | 0.125 | -21.8 |
| Ivana Vent | ANA | 144 | 0.36 | 0.275 | 0.28 | -21.1 |
| Great Sthn Ent | GSR | 1713 | 0.045 | 0.04 | 0.04 | -20.0 |
| Camphor Vent | CFV | 138 | 1.53 | 1.21 | 1.24 | -20.0 |
| Aumega Discov | AUM | 23 | 0.28 | 0.265 | 0.265 | -19.7 |
TSX-V greatest value change
| VOLUME | CLOSE | CHANGE | ||
| Nautilus Minls | NUS | 434495 | 5.90 | +1.05 |
| Mag Silver | MAG | 411058 | 6.00 | +0.90 |
| JNR Res | JNN | 1717494 | 2.80 | +0.58 |
| Exeter Res | XRC | 699678 | 2.30 | +0.40 |
| Keegan Res | KGN | 135560 | 3.22 | +0.37 |
| Solex Res | SOX | 1218835 | 1.05 | +0.33 |
| ECU Silver Mng | ECU | 1860113 | 3.30 | +0.31 |
| Trigon Expl Cn | TEL | 3795774 | 1.11 | +0.31 |
| Aranka Gold | ARK | 179100 | 4.00 | +0.30 |
| Bravo Vent | BVG | 703495 | 1.29 | +0.26 |
| Aurelian Res | ARU | 134091 | 31.87 | -0.38 |
| Camphor Vent | CFV | 137800 | 1.24 | -0.31 |
| Coral Gold | CGR | 27600 | 3.25 | -0.30 |
| Thunder Sword | THU | 48800 | 1.54 | -0.21 |
| Rainy River Rs | RR | 319124 | 5.59 | -0.21 |
| Arizona Star | AZS | 323600 | 14.00 | -0.20 |
| Altius Mnrls | ALS | 82363 | 10.60 | -0.20 |
| Northern Dyn M | NDM | 163135 | 9.55 | -0.20 |
| Polymet Mng | POM | 119426 | 3.56 | -0.19 |
| Osisko Explora | OSK | 279188 | 9.00 | -0.18 |
TSX-V most active issues
| VOLUME(000s) | HIGH | LOW | CLOSE | CHANGE | |||
| Sparton Res | SRI | 5445 | 0.345 | 0.20 | 0.28 | +0.095 | |
| Skeena Res | SKE | 5342 | 0.32 | 0.23 | 0.23 | -0.065 | |
| Cons Gold Win | CGW | 5196 | 0.195 | 0.16 | 0.175 | -0.02 | |
| Blue Note Mng | BN | 4914 | 0.47 | 0.44 | 0.47 | +0.02 | |
| Northw Min Vt | NWT | 4312 | 0.75 | 0.56 | 0.71 | +0.10 | |
| Searchgold Res | RSG | 4276 | 0.15 | 0.115 | 0.145 | +0.03 | |
| Simberi Gold | SAU | 4244 | 0.16 | 0.125 | 0.125 | -0.005 | |
| UrAsia Energy | UUU | 4108 | 5.09 | 4.69 | 5.00 | +0.20 | |
| Strateco Res | RSC | 4064 | 3.04 | 2.75 | 2.96 | 0.04 | |
| Trigon Expl Cn | TEL | 3796 | 1.13 | 0.82 | 1.11 | +0.31 |
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