The S&P-TSX Venture Composite Index took a breather over the Dec. 5-11 trading session, following slight pull-backs in bullion, copper and zinc spot prices, to close down 32.15 points at 2,805.52. Average daily trading volumes remained strong over the session at around 81.8 million shares.
Despite the dip in the index, the venture market exhibited a strong bullish trend over the week, with 62 junior board explorers rising to new 52-week highs compared with 37 that slipped to yearly lows.
Noront Resources again topped the most-active chart with almost 41.5 million shares changing hands, gaining 28% to close at 96 per share. A high-grade intercept of 4.8 metres grading 1,792.9 grams gold was recently returned from the company’s Windfall project in Quebec. Noront has also arranged a $15-million brokered financing.
Shares of Consolidated Gold Win Ventures rallied 53% to close up a nickel at 14.5 apiece on trading volume of over 32.5 million. The company released a visual description of drill core from its South Dolly Varden gold-copper project, in Elko Cty., Nev., describing several zones of altered mineralization.
Penny junior IBI Corp. notched up a cent to close the week at 5 per share on volume of 20.2 million shares. The company is gearing up exploration on its Ugandan gold projects and has also expanded its uranium holdings in the country.
Uranium producer UrAsia Energy pulled back off its high to trade down 5 at $4.20 per share on volume of 13.4 million shares. The company recently boosted resources by 69% at its South Inkai uranium project in Kazakhstan, where it also operates the Akdala mine.
Shares of Red Lake, Ont.-area gold explorers Cypress Development and Skyharbour Resources both notched down, following investor disappointment on summer drill results from their Broulan Reef JV. Deep drilling at the project failed to turn up any economic gold grades. Cypress closed at 18.5 on trading volume of 9.6 million shares and Skyharbour at 12.5 on volume of 8.1 million.
Strateco Resources remained near its high to close the week up a penny at $2.57 per share on volume of 7.5 million shares. Drilling at its Otish Mountain-area Matoush project recently cut significant uranium-mineralized intervals.
Junior uranium explorer Santoy Resources saw almost 7.4 million shares change hands over the session, closing up 8 at 60 per share. The company recently released a number of U3O8 mineralized grab samples from its Fish Hawk Lake project in Labrador’s Central Mineral Belt.
Seabed exploration company Nautilus Minerals gained $2.18 on the week to close up over 50% at $6.50 per share on volume of 2.6 million. Teck Cominco invested US$25 million in the company and entered into joint-venture agreements with the junior.
Shares of Aurelian Resources gave up $2.89, closing down at $28.00 apiece on trading volume of over 2 million shares. Drilling continues at the company’s Fruta del Norte epithermal gold-silver project in southeastern Ecuador.
TSX-V greatest percentage change
| VOLUME(000s) | HIGH | LOW | CLOSE | CHANGE | ||
| Kings Bay Gold | KBG | 9510 | 0.80 | 0.285 | 0.72 | +121.5 |
| Serengeti Res | SIR | 2828 | 0.345 | 0.175 | 0.32 | +88.2 |
| New Cantech Vn | NCV | 4928 | 0.95 | 0.50 | 0.93 | +78.8 |
| AMI Res | AMU | 1609 | 0.35 | 0.18 | 0.345 | +72.5 |
| Pershimco Res | PRO | 786 | 0.53 | 0.33 | 0.53 | +53.6 |
| Cons Gold Win | CGW | 32577 | 0.17 | 0.125 | 0.145 | +52.6 |
| Shear Minls | SRM | 4170 | 0.78 | 0.465 | 0.64 | +52.3 |
| Nautilus Minls | NUS | 2644 | 7.39 | 4.71 | 6.50 | +50.4 |
| La Quinta Res | LAQ | 286 | 0.44 | 0.275 | 0.44 | +49.1 |
| Linear Metals | LRM | 739 | 1.15 | 0.70 | 1.10 | +44.7 |
| Janina Res | JAN | 131 | 0.155 | 0.13 | 0.155 | -38.0 |
| Duncan Park H | DPH | 19 | 0.50 | 0.455 | 0.455 | -35.0 |
| Groundstar Res | GSA | 289 | 1.20 | 0.83 | 0.83 | -30.8 |
| Great Sthn Ent | GSR | 960 | 0.075 | 0.04 | 0.05 | -28.5 |
| Altai Res | ATI | 121 | 0.295 | 0.16 | 0.19 | -26.9 |
| Coronation Mnl | CMV | 132 | 0.20 | 0.16 | 0.16 | -25.5 |
| Marifil Min wt | MFM.WT | 50 | 0.12 | 0.09 | 0.09 | -25.0 |
| MacDonald Mns | BMK | 1442 | 0.11 | 0.09 | 0.09 | -25.0 |
| Brazauro Res | BZO | 272 | 1.40 | 0.96 | 1.00 | -24.8 |
| Micrex Devel | MIX | 13 | 0.36 | 0.30 | 0.31 | -24.3 |
TSX-V greatest value change
| VOLUME | CLOSE | CHANGE | ||
| Nautilus Minls | NUS | 2644401 | 6.50 | +2.18 |
| Osisko Explora | OSK | 1468116 | 9.00 | +1.80 |
| Contintl Mnls | KMK | 1234415 | 2.15 | +0.50 |
| New Cantech Vn | NCV | 4927505 | 0.93 | +0.41 |
| Messina Minls | MMI | 933519 | 1.50 | +0.40 |
| Uruguay Mnl Ex | UME | 71025 | 4.00 | +0.40 |
| Kings Bay Gold | KBG | 9509777 | 0.72 | +0.395 |
| Pitchstone Exp | PXP | 946368 | 2.64 | +0.39 |
| Kit Res | KIT | 249800 | 1.30 | +0.38 |
| Belvedere Res | BEL | 818700 | 1.25 | +0.35 |
| Aurelian Res | ARU | 2041443 | 28.00 | -2.89 |
| Pac Booker Min | BKM | 15524 | 7.25 | -0.70 |
| Seabridge Gold | SEA | 128498 | 16.38 | -0.61 |
| Esperanza Silv | EPZ | 965161 | 3.37 | -0.53 |
| Bear Creek Mng | BCM | 264737 | 10.54 | -0.46 |
| Groundstar Res | GSA | 288763 | 0.83 | -0.37 |
| Thunder Sword | THU | 75550 | 2.21 | -0.34 |
| Triex Minerals | TXM | 260731 | 3.77 | -0.33 |
| Aranka Gold | ARK | 27035 | 3.26 | -0.33 |
| Brazauro Res | BZO | 271720 | 1.00 | -0.33 |
TSX-V most active issues
| VOLUME(000s) | HIGH | LOW | CLOSE | CHANGE | ||
| Noront Res | NOT | 41458 | 1.07 | 0.58 | 0.96 | +0.21 |
| Cons Gold Win | CGW | 32577 | 0.17 | 0.125 | 0.145 | +0.05 |
| IBI Corp | IBI | 20283 | 0.06 | 0.03 | 0.05 | +0.01 |
| UrAsia Energy | UUU | 13435 | 4.45 | 4.09 | 4.20 | -0.05 |
| Cypress Dev | CYP | 9578 | 0.29 | 0.175 | 0.185 | -0.015 |
| Kings Bay Gold | KBG | 9510 | 0.80 | 0.285 | 0.72 | +0.395 |
| Skyharbour Res | SYH | 8108 | 0.155 | 0.115 | 0.125 | -0.005 |
| Strateco Res | RSC | 7521 | 2.81 | 2.36 | 2.57 | +0.01 |
| Santoy Res | SAN | 7386 | 0.74 | 0.51 | 0.60 | +0.08 |
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