TSX Venture Exchange June 19-25

A modest slip in the bullion price prompted the S&P-TSX Venture Composite Index to close out the June 19-25 trading session on an off note, down 36.29 points at 3,189.89. Average daily trading volumes were also lower, at 67.5 million shares.

The market saw the bearish trend relax somewhat for the week, with 40 junior explorers seeing new 52-week highs versus 55 that touched new annual lows.

Northern Abitibi Mining was the top trader for the session, closing two pennies lower at 28 per share on volume of more than 13 million shares. The company recently wrapped up the first phase of fieldwork at its Taylor Brook polymetallic project in Newfoundland.

Trading in Romarco Minerals soared over the week with volume of more than 10 million shares; the stock saw an 8.5 gain to close at 33.5 per share. Last month, the company announced it is purchasing Kinross Gold’s Haile gold deposit, in South Carolina.

With 10 million shares changing hands on the session, Goldcrest Resources was again a volume leader, although the stock moved in the wrong direction, shedding 6 to close at 91 per share. Drilling on the company’s Gaoua project, in Burkina Faso, turned in more copper-gold results while shareholders OK’d the sale of the Youanmi gold project, in Western Australia, to Apex Minerals for A$10 million.

Sage Gold traded 8.7 million shares, closing down 1.5 at 14.5 per share for the week. A recent 8.5-metre intercept of 0.95% nickel and 1.16% copper from its Jacobus project, near Beardmore, in northwestern Ontario, continued to captivate investors.

Northwestern Mineral Ventures continued as a strong trader on the recent news of its joint venture with UraMin to form a new company holding uranium projects in Niger. Shares of the junior were off two pennies at $1.05 apiece on volume of over 7.8 million.

Indonesian-focused copper-gold explorer Southern Arc Minerals posted a 45% gain on the week, closing up 75 at $2.40 per share on trading volume of 5.9 million shares. Recent drilling on its Selodong project has returned wide copper-gold intervals.

Serengeti Resources saw a new high during the session, touching $4.80 per share before closing at $4.25, a gain of 77 on trading volume of a million shares. With a $20-million financing under its belt, the company is awaiting assays from 11 holes on its Kwanika copper-gold porphyry project in central B.C.’s Quesnel Trough.

High-grade zinc intervals from drilling on its 40 Mile project, in eastern Alaska, pushed Full Metal Minerals to a 28% gain, closing up 62 at $2.83 per share on volume of 2.2 million shares. A 44.6-metre intersection on the LWM prospect averaged 15.9% zinc, 4.5% lead and 76.6 grams silver in massive sulphides.

Shares of Gulfside Minerals rocketed 88% on news of the planned acquisition of a significant coal deposit in southwestern Mongolia, gaining 53 to close at $1.13 on trading volume of almost 2.4 million.

TSX-V greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
Gulfside Mnls	GMG	2383	1.40	0.67	1.13	+	88.3
Kruger Expl	KGC	10	0.73	0.50	0.50	+	85.1
Ross River Mnl	RRM	4600	0.26	0.14	0.23	+	58.6
Canadn Shield	CSP	1056	0.36	0.23	0.345	+	53.3
Intl Montoro R	IMT	301	0.54	0.305	0.46	+	53.3
Darnley Bay	DBL	690	0.64	0.40	0.64	+	48.8
Southern Arc	SA	5908	2.48	1.65	2.40	+	45.4
Skyline Gold	SK	1209	0.26	0.18	0.25	+	38.8
Golden Val Min	GZZ	3451	0.82	0.53	0.69	+	35.2
Romarco Mnrls	R	10093	0.35	0.25	0.335	+	34.0
Arcturus Res	AZN	66	0.08	0.06	0.08	–	42.8
Amseco Expl	AEL	147	0.325	0.245	0.25	–	41.1
Odin Mining	ODN	101	0.34	0.24	0.24	–	31.4
Gowest Amalg	GWA	66	0.245	0.165	0.165	–	28.2
Chilean Gold	CHN	21	0.70	0.57	0.57	–	21.9
Madison Minls	MMR	470	0.47	0.37	0.37	–	21.2
Mill Bay Vent	MBV	110	0.10	0.075	0.075	–	21.0
Cons Fortress	CFR	92	0.29	0.23	0.28	–	20.0
Golden Arch	GAI	1894	0.135	0.09	0.105	–	19.2
Threegold Res	THG	66	0.28	0.21	0.21	–	19.2

TSX-V greatest value change

		VOLUME	CLOSE		CHANGE
Mag Silver	MAG	807743	11.95	+	1.35
Azimut Expl	AZM	328089	9.35	+	0.84
Serengeti Res	SIR	1003531	4.25	+	0.77
Energold Drill	EGD	1632925	3.50	+	0.76
Southern Arc	SA	5908395	2.40	+	0.75
Pac Booker Min	BKM	23825	11.00	+	0.75
Full Metal Mnl	FMM	2236281	2.83	+	0.62
Cons Thomp Irn	CLM	1310820	6.15	+	0.55
Gulfside Mnls	GMG	2383079	1.13	+	0.53
Arizona Star	AZS	33344	11.98	+	0.48
Seabridge Gold	SEA	1351723	19.50	–	1.25
Northern Dyn M	NDM	435902	12.45	–	0.77
Osisko Explora	OSK	2500123	5.65	–	0.73
Exeter Res	XRC	1466617	3.45	–	0.71
MBMI Res	MBR	683884	2.97	–	0.68
Hard Creek Ni	HNC	240032	1.85	–	0.40
Nautilus Minls	NUS	753382	5.40	–	0.39
Sutcliffe Res	SR	1092214	1.54	–	0.32
Tournigan Gold	TVC	1908206	4.05	–	0.31
Genco Res	GGC	181101	3.75	–	0.25

TSX-V most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
Northern Abiti	NAI	13066	0.425	0.275	0.28	–	0.02
Romarco Mnrls	R	10093	0.35	0.25	0.335	+	0.085
Goldcrest Res	GCL	10037	1.06	0.79	0.91	–	0.06
Sage Gold	SGX	8759	0.18	0.14	0.145	–	0.015
Northw Min Vt	NWT	7851	1.33	1.03	1.05	–	0.02
Simberi Gold	SAU	5920	0.08	0.065	0.07		0.00
Southern Arc	SA	5908	2.48	1.65	2.40	+	0.75
Geoinformatics	GXL	5891	0.30	0.26	0.285	+	0.015
First Narrows	UNO	5252	0.43	0.29	0.335	+	0.015
Dumont Nickel	DNI	5016	0.175	0.13	0.15	+	0.02