With precious metal prices pretty much even on the week, the S&P-TSX Venture Composite Index made a 2% gain, closing up 58.63 points at 2,905.51 over the Jan. 23-29 trading session. Average daily trading volumes soared to over 102 million shares, a level not seen since last May.
Again, the market retained a strong bullish trend over the week, with 67 junior explorers rising to new 52-week highs against only 30 that set yearly lows.
Tabling of a revised feasibility study for its Wolverine project propelled Yukon Zinc to top trading honours for the period with 32.6 million shares changing hands; shares in the company closed up a penny at 26.5 apiece. The optimized study concluded planned operations at Wolverine would be economically viable.
Alexis Minerals saw trading volume of over 30 million shares and gained 72% on high-grade intercepts at its Lac Herbin gold project near Val d’Or, Que., closing the session up 41 at 98 per share. The company, which plans to make a production decision at Lac Herbin this year, recently lined up a $20-million brokered private placement.
Additional drill intercepts of high-grade copper from the Chester project in New Brunswick pushed First Narrows Resources to trade almost 16 million shares on the session, gaining a dime to close at 82 per share. Recent drilling on the Bathurst mining camp property cut up to 24.6 metres of 3.93% copper. The company also bumped up the unit pricing in its planned $1.5-million brokered financing by three pennies to 35 apiece.
Shares of Goldeye Explorations gained a nickel to close at 14 each on volume of over 13.8 million for the week. The company recently announced the start of exploration on its Sonia-Puma gold-silver projects in central Chile and has tabled a $1.4-million program for its Todd Creek zinc-lead-silver property in northwestern B.C.
Trading in Stellar Pacific Ventures perked up on an announcement that the company had acquired new claims in northwestern Quebec’s Urban Twp. Almost 12.5 million Stellar shares changed hands, with the stock notching up a penny to 18 per share.
Colibri Resource rallied on high-grade silver values from its Ramard project in Sonora, Mexico. The stock soared 94% on over 9.7 million shares of volume, closing up 43.5 at 70 per share. Drilling cut intervals of up to 6 metres grading 253.8 grams silver, 8.5% zinc and 2.3% lead in a near-surface skarn.
Solitaire Minerals continued its rally, gaining 25% on the week to close up 6.5 at 32 on trading of 9.3 million shares. The company recently began drilling on its Red Lake, Ont.-area gold project.
Shares of Purepoint Uranium Group soared 72% after the company entered into an option with Cameco to acquire up to 50% of the major’s Smart Lake uranium project in the southwestern portion of Saskatchewan’s Athabasca basin. The stock gained 77 to close at $1.84 apiece on trading volume of 5.2 million.
TSX-V greatest percentage change
| VOLUME | HIGH | LOW | CLOSE | CHANGE | ||
| Colibri Res wt | CBI.WT | 1800 | 0.36 | 0.07 | 0.36 | +227.2 |
| Colibri Res | CBI | 9758 | 0.71 | 0.25 | 0.70 | +164.1 |
| BacTech Mining | BM | 4363 | 0.215 | 0.09 | 0.17 | +88.8 |
| Alexis Minls | AMC | 30238 | 1.20 | 0.55 | 0.98 | +71.9 |
| Purepoint U | PTU | 5188 | 1.85 | 1.05 | 1.84 | +71.9 |
| Goldeye Expl | GGY | 13850 | 0.19 | 0.095 | 0.14 | +55.5 |
| Golden Cariboo | GCC | 7743 | 0.095 | 0.05 | 0.085 | +54.5 |
| Westar Res | WRC | 217 | 0.80 | 0.40 | 0.61 | +52.5 |
| Agau Res | AGS | 30 | 0.60 | 0.34 | 0.60 | +50.0 |
| Hinterland Mtl | HMI | 5114 | 0.24 | 0.14 | 0.22 | +46.6 |
| Marifil Min wt | MFM.WT | 746 | 0.05 | 0.01 | 0.01 | -66.6 |
| Sanatana Diam | STA | 106 | 0.60 | 0.50 | 0.50 | -47.3 |
| Nation Wide Re | NWR | 50 | 0.15 | 0.105 | 0.105 | -44.7 |
| Buchans River | BUV | 20 | 0.52 | 0.46 | 0.48 | -35.1 |
| Lucky Stk Res | LKY | 90 | 0.12 | 0.115 | 0.115 | -32.3 |
| Waratah Coal | WCI | 23 | 1.30 | 1.02 | 1.02 | -24.4 |
| Cons Abaddon R | ABN | 3095 | 0.65 | 0.47 | 0.50 | -23.0 |
| Mesa Uran wt | MZU.WT | 35 | 0.245 | 0.20 | 0.20 | -23.0 |
| Frontier Pacif | FRP | 3759 | 0.83 | 0.62 | 0.64 | -22.8 |
| Happy Ck Minls | HPY | 633 | 0.66 | 0.49 | 0.54 | -21.7 |
TSX-V greatest value change
| VOLUME | CLOSE | CHANGE | ||
| Chesapeake Gld | CKG | 120815 | 6.18 | +0.93 |
| Strathmore Min | STM | 3015850 | 4.10 | +0.90 |
| U3O8 Corp | UWE | 1453781 | 5.25 | +0.77 |
| Purepoint U | PTU | 5188296 | 1.84 | +0.77 |
| Northern Dyn M | NDM | 1091389 | 9.80 | +0.70 |
| Powertech Uran | PWE | 3135390 | 3.38 | +0.64 |
| Rainy River Rs | RR | 474218 | 4.75 | +0.55 |
| Strategic Nev | SNS | 2148814 | 2.08 | +0.53 |
| Marathon PGM | MAR | 108800 | 4.15 | +0.50 |
| Serengeti Res | SIR | 3156638 | 1.61 | +0.44 |
| Aurelian Res | ARU | 2010146 | 29.38 | -0.67 |
| Seabridge Gold | SEA | 77115 | 13.24 | -0.65 |
| Osisko Explora | OSK | 666996 | 11.74 | -0.56 |
| Bear Creek Mng | BCM | 783872 | 8.10 | -0.45 |
| Sanatana Diam | STA | 106000 | 0.50 | -0.45 |
| Macarthur Mnl | MMS | 14920 | 1.60 | -0.40 |
| Thunder Sword | THU | 17400 | 1.70 | -0.40 |
| Wealth Minls | WML | 196450 | 2.28 | -0.34 |
| Energy Fuels | EFR | 1057045 | 3.76 | -0.34 |
| Waratah Coal | WCI | 22861 | 1.02 | -0.33 |
TSX-V most active issues
| VOLUME | HIGH | LOW | CLOSE | CHANGE | ||
| Yukon Zinc | YZC | 32621 | 0.36 | 0.26 | 0.265 | +0.01 |
| Alexis Minls | AMC | 30238 | 1.20 | 0.55 | 0.98 | +0.41 |
| First Narrows | UNO | 15959 | 0.96 | 0.61 | 0.82 | +0.10 |
| Goldeye Expl | GGY | 13850 | 0.19 | 0.095 | 0.14 | +0.05 |
| Stellar Pac Vt | SPX | 12487 | 0.24 | 0.17 | 0.18 | +0.01 |
| Colibri Res | CBI | 9758 | 0.71 | 0.25 | 0.70 | +0.435 |
| Solitaire Mnls | SLT | 9322 | 0.35 | 0.23 | 0.32 | +0.065 |
| Golden Cariboo | GCC | 7743 | 0.095 | 0.05 | 0.085 | +0.03 |
| Continuum Res | CNU | 7660 | 0.64 | 0.47 | 0.60 | +0.14 |
| UrAsia Energy | UUU | 7553 | 5.25 | 4.95 | 5.20 | +0.20 |
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