TSX Venture Exchange Nov. 6-12

After toying with its all-time nominal high around US$850 per oz., gold prices pulled back over the Nov. 6-12 trading session, prompting a 200.6-point decline in the S&P-TSX Venture Composite Index. The Venture board closed at 2,952.62 amid a round of profit taking. Daily trading volumes for the week averaged 116 million shares.

The number of junior explorers enjoying new annual highs shrunk to 39, while 58 saw share prices slide to 52-week lows over the session.

Continuing to ride the McFaulds Lake-area frenzy, MacDonald Mines Exploration grabbed top trading honours for the week with 55.1 million shares changing hands. The stock, however, closed down 20 at 92 per share. A recently closed $10-million financing is earmarked for its VMS projects in the James Bay lowlands.

Speculation on pending results from Gravity West Mining’s Voltaire Lake project, in northwestern Ontario’s Sibley basin region, prompted trading volume of over 42 million shares and a 3 gain to 17 per share. Recent drilling of geophysical anomalies returned massive sulphides consisting of pyrrhotite, pyrite and chalcopyrite.

Carmax Explorations also saw continued speculation on pending assays from its Eaglehead property, in northern B.C.’s Quesnel Trough. The stock inched up 2 on 15.5 million shares of volume to close the week at 28 per share.

On trading volume of over 13.8 million shares Spider Resources slipped 2.5 to close the session down at 13.5 per share. The company, which is exploring its McFaulds Lake-area projects, recently closed a $2.76-million financing.

Shares of Sage Gold pulled back 7 to 43 apiece on trading volume of 12.6 million. The company has garnered market attention because of the proximity of its holdings to Kodiak Exploration’s Hercules gold discovery in the Beardmore-Geraldton greenstone belt.

Anglo Swiss Resources posted a 75% gain on the week, closing up 21.5 at 50 per share on volume of 12.5 million shares. Drilling on its Kenville mine project, in southeastern B.C., has returned significant visual mineralization consistent with a copper-gold porphyry system.

Callinan Mines saw its shares surge 67% on news that it received its first royalty payment from HudBay Minerals for the 777 mines at Flin Flon, Man. The junior’s stock closed up 60 at $1.50 per share on trading volume of 1.6 million shares.

On more than 4 million shares traded, Northern Shield Resources’ stock plummeted 55% over the week to close off 58 at 48. Drill assays from its Highbank Lake project, in the James Bay lowlands, fell short of investor expectations with grades of 0.23 gram platinum per tonne and 0.3 gram palladium over 0.34 metre. The junior is partnered with Impala Platinum Holdings of South Africa.

After strong recent gains, Xemplar Energy closed the week down $1.08 at $5.17 on volume of almost 6.4 million shares traded. The company believes it has a new uranium district with the recent discovery of 14 alaskitic bodies on its Warmbad uranium project in Namibia. Drilling is under way on the property.

TSX-V greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
Indico Res	IDI	426	1.08	0.60	1.03	+	83.9
Anglo Swiss	ASW	12501	0.67	0.29	0.50	+	75.4
Callinan Mns	CAA	1628	1.95	0.86	1.50	+	66.6
Abbastar Uran	ABA	134	0.55	0.34	0.50	+	47.0
Yamiri Gold &E	YGI	326	0.335	0.205	0.26	+	40.5
Britannica Res	BRR	945	0.26	0.175	0.24	+	33.3
Grid Capital	GID	50	0.145	0.145	0.145	+	31.8
Northern Abiti	NAI	4496	0.31	0.18	0.28	+	30.2
Great Sthn Ent	GSR	50	0.065	0.04	0.065	+	30.0
BacTech Mining	BM	956	0.21	0.135	0.175	+	29.6
Northern Shiel	NRN	4080	1.13	0.48	0.48	–	54.7
Medallion Res	MDL	15	0.31	0.28	0.28	–	42.8
Anglo-Bomarc	ANB	26	0.235	0.135	0.16	–	39.6
Trigon Uran	TEL	2062	0.58	0.335	0.35	–	35.1
Taranis Res	TRO	53	0.66	0.47	0.47	–	32.8
Columbia Yukon	CYU	165	1.35	0.88	0.88	–	32.8
Uranium Power	UPC	2209	0.78	0.53	0.53	–	32.0
Paragon Minls	PGR	4178	1.65	0.80	0.86	–	31.2
NFX Gold	NFX	2803	0.94	0.60	0.63	–	30.7
Ditem Explor	DIT	1326	1.09	0.70	0.77	–	30.0

TSX-V greatest value change

		VOLUME	CLOSE		CHANGE
Pac Booker Min	BKM	47827	12.09	+	0.74
Palmarejo S&G	PJO	1109017	10.52	+	0.72
Callinan Mns	CAA	1627763	1.50	+	0.60
Uruguay Mnl Ex	UME	269980	3.39	+	0.49
Indico Res	IDI	425774	1.03	+	0.47
Clifton Star	CFO	122030	2.55	+	0.43
Fortuna Silver	FVI	5812579	3.42	+	0.40
Wealth Minls	WML	428777	3.28	+	0.40
Advanced Mnls	AXI	908708	2.93	+	0.33
Anglo Swiss	ASW	12500720	0.50	+	0.215
Seabridge Gold	SEA	192926	28.78	–	5.24
Xemplar Energy	XE	6372800	5.17	–	1.08
Pan Oce Exp	POE	1047567	10.00	–	0.87
Strathmore Min	STM	1352913	2.82	–	0.86
Anglo Mnrls	ALM	537199	4.06	–	0.84
JNR Res	JNN	926883	2.65	–	0.71
Energold Drill	EGD	818388	4.05	–	0.61
Pediment Expl	PEZ	1534585	2.87	–	0.60
Triex Minerals	TXM	350464	3.16	–	0.59
Ascot Res	AOT	278413	2.00	–	0.59

TSX-V most active issues

< td>+

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
MacDonald Mns	BMK	55165	1.32	0.89	0.92	–	0.20
Gravity West	GRW	42097	0.20	0.13	0.17	+	0.03
Carmax Expl	CMX	15495	0.32	0.24	0.28	0.02
Peak Gold	PIK	14758	0.68	0.60	0.63	–	0.03
Spider Res	SPQ	13852	0.17	0.135	0.135	–	0.025
Sage Gold	SGX	12624	0.53	0.42	0.43	–	0.07
Anglo Swiss	ASW	12501	0.67	0.29	0.50	+	0.215
US Silver	USA	12399	1.15	0.82	0.82	–	0.12
Blue Note Mng	BN	12211	0.55	0.48	0.49	–	0.05
Goldeye Expl	GGY	11820	0.26	0.17	0.185	–	0.01