TSX Venture Exchange July 25-31

Buoyed by a mid-summer rally in precious and base metal prices, the junior mining-dominated S&P-TSX Venture Composite Index rebounded from recent losses to post a week of solid gains, closing the July 25-31 trading session up 113.16 points, or 4.5%, at 2,613.77. Daily volumes averaged 40.9 million shares.

Just 24 junior miners managed to rally to new yearly highs over the week, while 38 companies slipped to 52-week lows.

Plexmar Resources regained its volume-leader status with over 8.9 million shares traded, gaining 6 to close the week at 47 per share. Sampling continues at its Bolsa del Diablo project in Peru, where a number of high-grade gold values have been returned.

Quebec-focused junior Strateco Resources placed second amongst most actives, gaining 42.5%, or 34, to close at $1.14 on volume of 4.2 million shares. Drilling at its Otish Mountain-area Matoush uranium project continues to intersect mineralization, with assay results pending.

Shares of junior nickel producer Brilliant Mining rose 27.5%, or 22, to close at $1.02 on trading volume of 4.2 million. Strong nickel prices, based on dwindling inventories, stirred market interest in the company, which recently acquired a 25% interest in the Lanfranchi nickel mine in Western Australia.

With spot uranium prices touching an all-time high of US$47.25 per lb. of U3O8, UrAsia Energy posted a 17.3% gain on volume of over 3.8 million shares, closing at $2.99 per share. This year’s production from the company’s Akdala uranium mine in Kazakhstan is expected at 2.6 million lbs. U3O8, and will help supply recently secured contracts.

Following the recent discovery of potentially diamondiferous ultramafic breccias at its Sahtu project in the Northwest Territories, Patrician Diamonds gained 59% to close up a dime at 27 per share on volume of 3.4 million.

Shares of prospective molybdenum miner Roca Mines traded up 11, or 14%, to close the week at 89 apiece on volume of over 3.2 million. The company has signed an off-take agreement for planned molybdenum concentrate production from its Max mine in southeastern B.C.

Junior uranium explorer Bayswater Ventures gained 12 per share over the week, to close at $1.34 on volume of almost 3 million, following acquisition of significant landholdings in northern Saskatchewan’s Athabasca basin. The company is also in the process of merging with Pathfinder Resources.

Tyler Resources rallied almost 67% to close at 60 per share on volume of 1.5 million. The company announced that drilling at its polymetallic Bahuerachi project in Chihuahua state, Mexico, returned wide mineralized intercepts.

Top value gainer was again Aurelian Resources, trading up $1.45 to close the week at $22.80 on volume of almost 1.5 million shares. The company is adding two additional diamond drill rigs to further test its Fruta del Norte epithermal gold-silver project in southeastern Ecuador, where it has returned a number of spectacular intervals.

TSX-V greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE	CHANGE
Tyler Res	TYS	1520	0.60	0.375	0.60	+66.6
Dajin Res	DJI	552	0.43	0.26	0.43	+59.2
Patrician Diam	PXC	3430	0.27	0.15	0.27	+58.8
Profile Res	PFL	125	0.03	0.025	0.03	+50.0
Cascadero Copp	CCD	200	0.165	0.11	0.165	+50.0
Eagle Rock Ex	ERX	1768	0.90	0.57	0.85	+49.1
Argent Mng	AMG	100	0.20	0.14	0.20	+48.1
Tatmar Vent	TAT	31	0.40	0.37	0.37	+48.0
Advanced Expl	AXI.H	48	0.30	0.18	0.295	+47.5
Noble Metal Gr	NMG	190	0.22	0.15	0.22	+46.6
Midlands Minls	MEX	36	0.33	0.23	0.23	-36.1
Western Troy C	WRY	46	0.30	0.20	0.20	-35.4
Target Expl&M	TEM	72	0.485	0.335	0.35	-27.8
Endurance Gold	EDG	90	0.20	0.16	0.16	-27.2
Prospctr C Res	PRR	95	0.12	0.09	0.09	-25.0
Penteco Res	PEN	45	0.28	0.23	0.23	-24.5
Forest Gate	FGT	1222	0.27	0.155	0.19	-24.0
Trio Gold Corp	TGK	239	0.13	0.11	0.115	-23.3
Carmax Expl	CMX	306	0.15	0.115	0.12	-22.5
Hinterland Mtl	HMI	321	0.11	0.07	0.07	-22.2

TSX-V greatest value change

		VOLUME	CLOSE	CHANGE
Aurelian Res	ARU	1473220	22.80	+1.45
Seabridge Gold	SEA	108775	15.00	+1.00
Chesapeake Gld	CKG	26186	5.09	+0.84
Pac Booker Min	BKM	54606	6.90	+0.65
Skygold Vent	SKV	949101	2.06	+0.54
Intl Tower Hil	ITH	80000	2.25	+0.50
Bear Creek Mng	BCM	607032	6.90	+0.50
UrAsia Energy	UUU	3846581	2.99	+0.44
Northern Dyn M	NDM	248874	9.09	+0.40
Quaterra Res	QTA	399748	1.74	+0.40
Hudson Res	HUD	271885	1.42	-0.33
Metalcorp	MTC	1026850	1.64	-0.28
Gobi Gold	GGD	17000	1.35	-0.25
Dynasty Met&Mn	DMM	123165	5.62	-0.18
Primary Metals	PMI	114200	3.53	-0.17
Western Prospc	WNP	311520	2.10	-0.17
Cons Thomp-Lnd	CLM	322581	2.50	-0.15
Wealth Minls	WML	50350	1.75	-0.15
Mawson Res	MAW	187585	0.96	-0.14
Target Expl&M	TEM	72300	0.35	-0.135

TSX-V most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE	CHANGE
Plexmar Res	PLE	8949	0.52	0.41	0.47	+0.06
Strateco Res	RSC	4204	1.18	0.74	1.14	+0.34
Brilliant Mng	BMC	4203	1.05	0.80	1.02	+0.22
UrAsia Energy	UUU	3847	3.02	2.50	2.99	+0.44
Patrician Diam	PXC	3430	0.27	0.15	0.27	+0.10
Roca Mines	ROK	3231	0.96	0.75	0.89	+0.11
Bayswater Vent	BVE	2993	1.40	1.16	1.34	+0.12
IMA Exploratn	IMR	2913	0.69	0.55	0.59	+0.02
Skyharbour Res	SYH	2788	0.13	0.09	0.115	+0.025
Cons Gold Win	CGW	2451	0.12	0.085	0.105	-0.01