TSX Venture Exchange Oct. 23-29

With gold rising to a 28-year high around US$790 per oz., junior miners strongly rallied over the Oct. 23-29 trading session. The S&P-TSX Venture Composite Index posted an almost 6% gain to close up 171.81 points at 3,150.62, while average daily trading volume for the week was a robust 142.5 million shares.

The margin between new yearly share price lows and highs continued to narrow over the period with 63 companies slipping to new annual lows and 57 posting 52-week highs.

McFaulds Lake VMS joint-venture partners Spider Resources and KWG Resources remained strong traders on the week with volume of 65.3 million and 27.7 million shares, respectively. Spider closed off 3.5 at 14 and KWG was down a half a penny at 14 per share. Recent drilling by Spider on a project in the area partnered with KWG and UC Resources returned up to 4.4 metres of 0.84% copper in semi-massive sulphides.

Hawkeye Gold & Diamond saw almost 52 million shares change hands to post a 3 gain, closing the session at 10.5 per share. It recently boosted its land position in the Red Lake area of northwestern Ontario.

Continued speculation on pending Eaglehead project assays kept Carmax Explorations an active trader with volume of 50.6 million shares, closing up 2.5 at 30. The company also expanded its holdings around the north-central B.C. property.

Sage Gold and Alto Ventures — neighbours to Kodiak Exploration’s Hercules gold discovery in the northwestern Ontario Beardmore-Geraldton greenstone belt — both captured investor interest during the period. Sage saw 45.4 million shares change hands, closing down 3 at 45, while Alto gave up 2.5 to close at 24 per share on trading volume of 19.5 million shares.

MacDonald Mines Exploration remained a strong trader on the week, closing up 2 at 82 per share on volume of 42 million shares. The company has a $10-million financing in the works earmarked for its McFaulds Lake-area VMS projects in the James Bay lowlands.

Shares of International Samuel posted a 7 gain to close at 23 apiece on weekly trading volume of 33 million shares. The junior expanded its landholdings in the Snow Lake area of northern Manitoba, near VMS Ventures’ Reed Lake project.

VMS Ventures itself pulled back 2 to close at $1.42 per share on volume of 27.5 million shares. Recent Reed Lake drilling intersected further massive sulphides grading up to 5% zinc and 2% copper over 2.7 metres.

Noront Resources added 20 to its share price on the week, closing at $6.08 on trading volume of 19.8 million shares. Drilling continues at the company’s Double Eagle project in the James Bay lowlands.

On a takeover offer by Barrick Gold, shares of Arizona Star Resource shot up $3.26 to $17.84 apiece on trading volume of 18 million. The gold major is bidding $18 per share to secure the junior’s 51% interest in the Cerro Casale gold-copper project in Chile.

TSX-V greatest percentage change

VOLUME(000s) HIGH LOW CLOSE CHANGE
Maximus Vent MXV 7290 0.86 0.41 0.85 + 93.1
Intl Kirkland IKI 6788 0.145 0.075 0.13 + 73.3
Moss Lake Gld MOK 451 0.37 0.245 0.36 + 71.4
Knight Res KNP 19154 0.59 0.22 0.355 + 69.0
Samex Mng SXG 1275 1.47 0.83 1.39 + 67.4
Sinchao Mtls SMZ 928 0.68 0.40 0.66 + 55.2
Odin Mining ODN 74 0.29 0.16 0.29 + 52.6
NFX Gold NFX 3071 1.25 0.74 1.25 + 52.4
Great Sthn Ent GSR 359 0.045 0.025 0.045 + 50.0
Timmins Gold TMM 4448 1.14 0.70 1.02 + 47.8
Intl Northair INM 24 0.31 0.21 0.24 46.6
Diamcor Mng DMI 80 1.17 0.70 0.70 39.1
Northern Conti NCR 1209 0.33 0.23 0.23 30.3
Gulfside Mnls GMG 546 2.10 1.04 1.05 30.0
Grid Capital GID 30 0.155 0.11 0.11 29.0
Nikos Expl NIK 316 0.23 0.15 0.15 26.8
Yamiri Gold &E YGI 18 0.22 0.155 0.21 26.3
Getty Copper GTC 685 0.135 0.10 0.10 25.9
Golden Odyss M GOE 597 0.18 0.14 0.14 24.3
Tres-Or Res TRS 407 0.22 0.18 0.19 24.0

TSX-V greatest value change

VOLUME CLOSE CHANGE
Arizona Star AZS 17992099 17.84 + 3.26
Osisko Explora OSK 1633795 7.15 + 1.55
Pan Oce Exp POE 2843609 9.95 + 1.30
Xemplar Energy XE 3830964 4.10 + 1.13
Anooraq Res ARQ 2096124 5.28 + 1.08
Andina Mnls ADM 6219385 5.20 + 0.92
Palmarejo S&G PJO 203189 9.95 + 0.70
Geologix Ex GIX 3885629 2.78 + 0.68
Waratah Coal WCI 869040 2.81 + 0.66
Anglo Mnrls ALM 1237415 4.10 + 0.65
Diamcor Mng DMI 80390 0.70 0.45
Gulfside Mnls GMG 545745 1.05 0.45
Clifton Star CFO 21150 2.12 0.38
Tournigan Gold TVC 2434489 2.31 0.37
Duran Vent DRV 567510 2.03 0.30
Pearl Ex & Pr PXX 702313 3.43 0.30
Fancamp Expl FNC 4323640 1.90 0.30
Pac Booker Min BKM 23425 10.70 0.24
Intl Northair INM 23935 0.24 0.21
Reunion Gold RGD 27100 1.25 0.19

TSX-V most active issues

VOLUME(000s) HIGH LOW CLOSE CHANGE
Spider Res SPQ 65314 0.22 0.13 0.14 0.035
Hawkeye Gold HKO 51869 0.14 0.07 0.105 + 0.03
Carmax Expl CMX 50585 0.35 0.195 0.30 + 0.025
Sage Gold SGX 45409 0.61 0.405 0.45 0.03
MacDonald Mns BM
K
41951 0.94 0.72 0.82 + 0.02
Intl Samuel Ex SAZ 33077 0.275 0.16 0.23 + 0.07
KWG Res KWG 27677 0.175 0.13 0.14 0.005
VMS Vent VMS 27507 1.70 1.26 1.42 0.02
Noront Res NOT 19829 7.05 5.86 6.08 + 0.20
Alto Vent ATV 19510 0.34 0.215 0.24 0.025

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