TSX Venture Exchange Jan. 29 -Feb. 4

With gold pulling back off new record highs, the S&P-TSX Venture Composite Index eked out a very modest 9.93-point gain over the Jan. 29-Feb. 4 trading session — closing at 2,567.73 on an average daily trading volume of 81.6 million shares.

The junior mining market continued to look bearish, with only eight explorers able to post new 52-week share price highs against 172 that slipped to new annual lows.

Shares ofSnowfield Developmentsoared 33% on market-leading volume of 14.3 million to close the week up a dime at 40 apiece. With no news other than a modest $525,000 planned financing, the company recently began a drill program at its Ticho diamond project, southeast of Yellowknife, in the Northwest Territories.

Carmax Explorations posted trading volume of more than 12.2 million shares on the session, inching up a penny to 12 per share. Additional drilling at its Eaglehead property in northern B.C.’s Quesnel Trough recently returned further copper-mineralized intervals in the porphyry system, plus molybdenum, gold and silver.

Lateegra Gold saw a 4 gain on the week, closing at 18 per share on 8.4 million shares traded. The junior is partnered with MPH Ventures on the M-10 concession in Ecuador and recently divested its interest in the Picacho project in Mexico.

Wide, high-grade lead-zinc intercepts from its Pine Point project in the Northwest Territories propelled Tamerlane Ventures to an 81% gain for the week. The junior’s stock closed up 38 at 85 per share on nearly 8.4 million shares traded. Drilling cut 32 metres of 23.9% zinc and 6.2% lead, including 19.8 metres of 33.2% zinc and 8.2% lead in the Z155 zone on the past-producing property.

GGL Diamond posted a 4 gain to close the week at 23 on trading volume of 8.2 million shares. The company is exploring diamond, gold and nickel projects in the Northwest Territories.

Tirex Resources closed the trading session up almost a dollar at $3.23 on more than 1.4 million shares of volume. The company recently began a drill program on its Mirdita

project in Albania, which covers part of a historic VMS base metal district.

Shares of Xemplar Energy continued to slide, closing the week down $1.75 at $3.95 apiece on trading volume of almost 7.2 million. Recent drilling on uranium-mineralized granites at its Warmbad project, in Namibia, returned low-grade U3O8 values. The junior saw its share price soar to as high as $8.50 late

last year on rumours of a possible takeover by mining giant Rio Tinto, or others.

Kaminak Gold posted a 52% gain over the session — closing up 21 at 60 per share on 1.3 million shares traded. The junior signed a land deal with Inuit corporation Nunavut Tunngavik and acquired a uranium deposit with historic resources of as much as 20 million contained pounds U3O8.

TSX- V most active issues
		VOLUME		WEEK
		( 000s)	HIGH	LOW	CLOSE	CHANGE
Snowfield Res	SNO	14313	0.52	0.31	0.40	+ 0.10
Carmax Expl	CMX	12268	0.15	0.105	0.12	+ 0.01
KWG Res	KWG	9789	0.105	0.08	0.10	0.00
Lateegra Gold	LRG	8431	0.27	0.13	0.18	+ 0.04
Tamerlane Vent	TAM	8349	1.09	0.45	0.85	+ 0.38
GGL Diamond	GGL	8246	0.23	0.18	0.23	+ 0.04
Gravity West	GRW	7620	0.12	0.10	0.105	– 0.01
VMS Vent	VMS	7583	0.90	0.65	0.71	– 0.08
Western Keltic	WKM	7235	0.44	0.35	0.375	+ 0.035
Xemplar Energy	XE	7185	5.68	3.56	3.95	– 1.75

TSX- V greatest percentage change
		VOLUME		WEEK
		( 000s)	HIGH	LOW	CLOSE	CHANGE
Tamerlane Vent	TAM	8349	1.09	0.45	0.85	+ 80.8
Mexican Silver	MSM	426	0.79	0.485	0.70	+ 70.7
Athabasca Mnls	ABM	279	0.49	0.25	0.49	+ 63.3
Karmin Expl	KAR	38	1.24	0.75	1.24	+ 61.0
Gee- Ten Vent	GTV	232	0.075	0.05	0.07	+ 55.5
Terra Nova Gld	TGC	15	0.125	0.08	0.115	+ 53.3
Rodinia Minls	RM	243	0.49	0.33	0.49	+ 53.1
Kaminak Gold	KAM	1340	0.72	0.395	0.60	+ 51.9
Q- Gold Res	QAU	198	0.13	0.08	0.09	+ 50.0
Explor Res	EXS	1904	0.34	0.225	0.32	+ 45.4
Mountain- Wst R	MWR	37	0.39	0.20	0.25	– 40.4
Island Arc Exp	IAX	37	0.17	0.15	0.15	– 40.0
Iciena Vent	IIE	193	0.055	0.03	0.03	– 40.0
Chilean Gold	CHN	53	0.54	0.38	0.38	– 38.7
Gold World Res	GDW	37	0.055	0.055	0.055	– 35.2
Silvermet	SYI	104	0.19	0.16	0.16	– 33.3
Micrex Devel	MIX	35	0.28	0.185	0.185	– 32.7
Inter- Rock Mnl	IRO	1384	0.15	0.135	0.135	– 32.5
Starfire Mnrls	SFR	455	0.15	0.12	0.12	– 31.4
Regent Vents	REV	381	0.08	0.045	0.045	– 30.7

TSX- V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Tirex Res	TXX	1460406	3.23	+ 0.99
Pan Oce Exp	POE	597846	12.71	+ 0.97
SouthGobi Engy	SGQ	129706	9.95	+ 0.55
Eurasian Minls	EMX	1481529	2.15	+ 0.55
Copper Mtn Mng	CUM	314729	2.11	+ 0.51
Digger Res	DIG	17415	2.25	+ 0.50
Evolving Gold	EVG	1974215	1.55	+ 0.48
Karmin Expl	KAR	38000	1.24	+ 0.47
Quaterra Res	QTA	582359	3.80	+ 0.46
Canplats Res	CPQ	1677307	2.73	+ 0.43
Seabridge Gold	SEA	71369	23.07	– 3.43
Xemplar Energy	XE	7185178	3.95	– 1.75
Azimut Expl	AZM	219121	2.60	– 0.45
Bear Creek Mng	BCM	557099	7.60	– 0.44
Exeter Res	XRC	141240	4.05	– 0.40
Antares Minls	ANM	98200	3.15	– 0.35
Anglo Mnrls	ALM	404275	4.64	– 0.31
Condor Res	CN	638768	1.15	– 0.29
Mansfld Mnrls	MDR	461366	3.01	– 0.29
Salazar Res	SRL	81348	1.51	– 0.29