TSX Venture Exchange August 15-21

Board-room growth appears to be finding more favour these days than drill-bit growth, at least among companies listed on the senior North American exchanges. That’s less the case on the TSX Venture Exchange, where juniors generating excitement from exploration projects appear to be dominating the most-active list. Their promising exploration results helped push the S&P-TSX Venture Composite Index up 13.78 points to close at 2,617.07 over the Aug. 15-21 report period.

Plexmar Resources topped the most-active list based on investor interest in its Bolsa del Diablo gold property in Peru, though the stock was only up a penny to 75 over the session.

Majescor Resources was up two pennies at 15.5 after announcing a non-brokered private placement of $1.5 million for 11.53 million shares. The company intends to use the bulk of the proceeds to explore its international projects, which include a diamond project in Brazil and a copper-zinc-silver-gold prospect in Madagascar.

Globestar Mining remained flat at $1.18 in active trading after reporting results from 25 holes at its wholly owned Cumpie Hill nickel-laterite project in the Dominican Republic. The highlight was a 25.9-metre intersection grading 1.6% nickel.

Bravo Venture Group jumped 26 to 90 after reporting high-grade gold assays of up to 14.3 oz. per ton from a recent sampling program at its wholly owned Woedwodski Island project in southeastern Alaska. The high-grade samples were collected from surface outcrop and rubble, with high-grade quartz located in float and narrow veins. More work is planned.

Macarthur Minerals was one of the top percentage gainers, up 50 to $1.50 in modest trading. The junior is drilling the Lake Giles nickel-chrome sulphide prospect in Western Australia.

Georgia Ventures posted a 47% gain to 25 after announcing it was exploring the Bogutu gold deposit situated in the prospective Tien Shan belt of northwestern China.

Madison Minerals was up 35% to 46 after Buffalo Gold announced it has intersected 33.4 metres of 15.7 grams gold, including 19.3 metres of 24.32 grams gold, along with other promising results from the Mount Kare gold project in Papua New Guinea. Buffalo has rights to earn an interest in the project from Madison. On its own, Madison has launched a 40-hole, 22,000-ft. drilling program at its Lewis gold property in Lander Cty., Nev. Seabridge Gold was one of the largest value gainers, up 72 to $15.25. The company has assembled a portfolio of gold projects, mostly in North America, including ones previously owned or explored by majors that were cut loose during the last industry downturn.

Pacific Booker Minerals has been making steady market gains since announcing plans to develop its Morrison property near Granisle, B.C. The company has proposed a 25,000-tonne-per-day mine to produce an estimated 130,000 tonnes of concentrate per year containing 37,000 tonnes of copper and byproduct gold. The company’s shares got a 70 boost to close at $7.40.

TSX-V greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE	CHANGE
Profile Res	PFL	130	0.03	0.03	0.03	+50.0
Macarthur Mnl	MMS	234	1.50	0.95	1.50	+50.0
Georgia Vent	GVI	1199	0.31	0.18	0.25	+47.0
Bravo Vent	BVG	5070	1.09	0.63	0.90	+40.6
Northern Hemis	NHD	252	0.365	0.25	0.35	+40.0
Madison Minls	MMR	1704	0.53	0.35	0.46	+35.2
Arianne Res	DAR	1627	0.265	0.19	0.255	+34.2
Namex Expl	NME	26	0.55	0.35	0.51	+34.2
Cons Gold Win	CGW	3332	0.135	0.085	0.12	+33.3
TNR Gold	TNR	453	0.41	0.30	0.40	+31.1
Croesus Gold	CGN	10	0.205	0.155	0.155	-48.3
Digger Res	DIG	20	2.05	1.25	1.25	-36.5
Penteco Res	PEN	97	0.21	0.20	0.20	-29.8
Bishop Gold	BSG	1298	0.07	0.05	0.055	-26.6
Boxxer Gold	BXX	390	0.16	0.11	0.125	-26.4
Electra Gold	ELT	190	0.29	0.22	0.22	-25.4
Golden Arch	GAI	537	0.10	0.07	0.075	-25.0
Mexivada Mng	MNV	134	0.55	0.42	0.42	-23.6
Westward Expl	WWE	10	0.07	0.07	0.07	-22.2
Plato Gold	PGC	16	0.14	0.14	0.14	-22.2

TSX-V greatest value change

		VOLUME	CLOSE	CHANGE
Seabridge Gold	SEA	144627	15.25	+0.72
Osisko Explora	OSK	337550	6.31	+0.71
Pac Booker Min	BKM	33910	7.40	+0.70
Bear Creek Mng	BCM	544831	8.08	+0.53
Macarthur Mnl	MMS	234314	1.50	+0.50
Energy Fuels	EFR	839572	2.57	+0.47
Norsemont Mng	NOM	124177	2.20	+0.44
Northern Dyn M	NDM	414130	9.14	+0.43
Sunridge Gold	SGC	372475	2.70	+0.43
ECU Silver Mng	ECU	3623889	2.87	+0.30
Aurelian Res	ARU	826164	21.90	-2.00
Digger Res	DIG	19500	1.25	-0.72
Arizona Star	AZS	125425	12.25	-0.39
Mishibishu Gol	MGO	130630	3.09	-0.36
Contl Precious	CZQ	389247	2.10	-0.31
Western Prospc	WNP	488173	1.83	-0.29
Primary Metals	PMI	32400	2.90	-0.25
Wildrose Res	WRS	112886	1.60	-0.20
First Majestic	FR	331149	4.35	-0.20
Northern Shiel	NRN	353929	1.02	-0.20

TSX-V most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE	CHANGE
Plexmar Res	PLE	14278	0.75	0.63	0.75	+0.01
Majescor Res	MAJ	6987	0.19	0.135	0.155	+0.02
Globestar Mng	GMI	5280	1.25	1.15	1.18	0.00
Bravo Vent	BVG	5070	1.09	0.63	0.90	+0.26
Commander Res	CMD	4980	0.84	0.57	0.77	+0.11
Aurcana Corp	AUN	4870	0.60	0.47	0.53	+0.01
Goldmarca	GML	4066	0.73	0.64	0.67	0.00
ECU Silver Mng	ECU	3 624	2.88	2.44	2.87	+0.30
Cons Gold Win	CGW	3332	0.135	0.085	0.12	+0.03
Strateco Res	RSC	3251	1.26	1.07	1.08	-0.17