TSX Venture Exchange June 12-18

Copper and gold prices inched up over the June 12-18 trading session, propping up the S&P-TSX Venture Composite Index for a 32.49-point gain to 3,226.18. Average daily trading volumes retracted to just under 70 million shares.

The bearish trend gained steam over the week with 47 junior explorers managing new 52-week highs against 74 that dropped to new annual lows.

A strong nickel intercept from its Jacobus project near Beardmore, in northwestern Ontario, drove Sage Gold to top trader for the week. Its shares posted a 52% gain to close up 5.5 at 16 apiece on volume of more than 33 million shares. Drilling cut 8.5 metres of true thickness grading 0.95% nickel and 1.16% copper.

Northern Abitibi Mining gained about 10% over the session to close up 3 at 30 per share on trading volume of 19.1 million shares. The company didn’t release any news, but it recently closed a $550,000 financing earmarked for its Taylor Brook nickel-copper-cobalt-platinum group elements project located in northwestern Newfoundland.

Shares of Geoinformatics Exploration continued to post gains, adding a nickel to close at 27 apiece on trading volume of 19 million shares. It is optioning the Whistler copper-gold porphyry project in Alaska from Rio Tinto subsidiary Kennecott.

Golden Chalice Resources shed 45 on the week closing down at $3.00 per share on volume of 16.6 million. The second hole on its Timmins, Ont.-area Langmuir nickel discovery cut 14.9 metres of 2.36% nickel, including higher-grade sections.

With an $8-million financing recently under its belt, RPT Uranium saw its shares post a 27% gain to close the week up 15 at 70 apiece on volume of almost 11 million shares. Funds have been allocated for exploration of its projects in northern Saskatchewan and in the Sibley basin of northwestern Ontario.

Northwestern Mineral Ventures got a boost on recent news of its joint venture with UraMin to form a new company holding uranium projects in Niger. Its shares jumped 34% on the week to close at $1.07 apiece on trading volume of 10.1 million shares.

Still reeling from a recent appeals court decision affirming last year’s judgment awarding title of the Navidad silver project in Argentina to TSX-listed Aquiline Resources, IMA Exploration managed to claw back four pennies to close the week at 41 per share on trading volume of 9.6 million.

On the heels of a $20-million financing, Serengeti Resources saw shareholders take home some profits; the company’s stock slipped 68 to $3.48 per share on trading volume of 1.1 million shares. Serengeti is awaiting assays from 11 holes on its Kwanika copper-gold porphyry project in central B.C.’s Quesnel Trough.

Shares of Seabridge Gold tested new highs, closing up $3.33 at $20.75 apiece on volume of 1.3 million. Xstrata recently exercised its warrants in the prospective gold developer, cashing up the treasury to the tune of $27 million.

TSX-V greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
Winfield Res	WWF	7949	0.295	0.16	0.27	+	54.2
Sage Gold	SGX	33314	0.215	0.11	0.16	+	52.3
Zeox	ZOX	1296	2.25	1.46	2.24	+	49.3
Gowest Amalg	GWA	176	0.23	0.155	0.23	+	48.3
Northern Shiel	NRN	285	0.60	0.38	0.59	+	40.4
Gulfside Mnls	GMG	1218	0.63	0.46	0.60	+	39.5
Mindoro Res	MIO	1510	1.07	0.80	1.07	+	38.9
Cangold	CLD	1642	0.20	0.135	0.18	+	38.4
Asian Minl Res	ASN	528	3.00	1.95	2.75	+	37.5
Shoreham Res	SMH	1525	0.56	0.39	0.54	+	35.0
Diadem Res	DRL	219	0.22	0.145	0.145	–	38.3
Firesteel Res	FTR	597	0.245	0.16	0.16	–	31.9
Tearlach Res	TEA	535	0.345	0.18	0.205	–	31.6
Candorado Oper	CDO	282	0.37	0.24	0.24	–	30.4
ATW Venture	ATW	238	0.76	0.54	0.57	–	28.7
SYMC Res	SY	90	0.125	0.10	0.10	–	28.5
Dianor Res	DOR	2093	1.13	0.73	0.79	–	26.8
Canadn Shield	CSP	414	0.28	0.215	0.225	–	26.2
Arianne Res	DAR	690	0.155	0.11	0.11	–	24.1
Beaufield Res	BFD	1233	0.40	0.33	0.33	–	24.1

TSX-V greatest value change

		VOLUME	CLOSE		CHANGE
Seabridge Gold	SEA	1325940	20.75	+	3.33
Osisko Explora	OSK	536475	12.76	+	1.37
Dynasty Met&Mn	DMM	283081	6.46	+	1.02
Northland Res	NAU	563153	4.89	+	0.90
Azimut Expl	AZM	422022	8.51	+	0.79
Exeter Res	XRC	696877	4.16	+	0.75
Asian Minl Res	ASN	527817	2.75	+	0.75
Zeox	ZOX	1296257	2.24	+	0.74
Nautilus Minls	NUS	746714	5.79	+	0.74
Southern Arc	SA	3760261	1.65	+	0.40
Serengeti Res	SIR	1100012	3.48	–	0.68
Western Prospc	WNP	601737	4.90	–	0.60
Arizona Star	AZS	45340	11.50	–	0.54
Golden Chalice	GCR	16631718	3.00	–	0.45
Wealth Minls	WML	329322	4.24	–	0.41
Esperanza Silv	EPZ	528982	2.61	–	0.39
Silver Spruce	SSE	498950	1.15	–	0.30
Dianor Res	DOR	2092548	0.79	–	0.29
Rome Res	RMR	14300	1.09	–	0.26
Pan African Mg	PAF	117340	3.32	–	0.26

TSX-V most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
Sage Gold	SGX	33314	0.215	0.11	0.16	+	0.055
Northern Abiti	NAI	19152	0.44	0.27	0.30	+	0.03
Geoinformatics	GXL	19037	0.29	0.22	0.27	+	0.05
Golden Chalice	GCR	16632	4.05	2.60	3.00	–	0.45
RPT Uran ium	RPT	10992	0.73	0.55	0.70	+	0.15
Gravity West	GRW	10788	0.23	0.17	0.205	+	0.025
Northw Min Vt	NWT	10138	1.25	0.77	1.07	+	0.27
IMA Exploratn	IMR	9611	0.43	0.355	0.41	+	0.04
Sedex Mng	SDN	8961	0.33	0.22	0.255	–	0.065
Winfield Res	WWF	7949	0.295	0.16	0.27	+	0.095