TSX Venture Exchange June 23-29

It was a fairly quiet week for the S&P/TSX Venture Composite index over June 23-29. Combining small gains and losses, the index managed to finish the week up 26.9 points at 1,105.56. Daily trading volumes were subdued, averaging 59.6 million.

After several weeks during which more juniors reached new 52-week share price highs than fell to new lows, the ratio reversed itself: only 16 Venture-listed companies climbed to new heights, while 25 sank to new lows.

Trading volumes remained high for Appleton Exploration, the junior that the previous week announced hitting 192 grams gold per tonne over 10 metres at its Manalo project in Mali. The news pushed its share price as high as 64¢ from just 20¢. But this week, investors were treated to a closer look at the intercept and realized almost all the gold was actually within a 1-metre segment; the other 9 metres were essentially barren. Appleton’s share price is now back down at 20¢.

The biggest absolute gain of the week went to International Tower Hill Mines. The company’s share price gained 49¢ to close at $3.75 on the back of a new resource estimate for the Money Knob gold deposit at Tower Hill’s Livengood project in Alaska. At a 0.3-gram gold cutoff grade, the indicated gold count now stands at 5.2 million oz. and inferred resources boost contained gold to 10.5 million oz.

News of significant alluvial gold potential at its Guyanese properties lifted Sacre-Coeur Minerals’ share price 39¢ to reach 91¢. The results of a test pitting and gravity beneficiation program indicate the presence of gold-bearing alluvial sand over 1.7 km of strike, 800 metres width, and 2.5 metres depth, with grades ranging from 2 to 9 grams gold per cubic metre.

Investors have come to expect a lot from Underworld Resources’ White Gold project in the Yukon, and were apparently displeased with the project’s latest drill results, which included 3.2 grams gold over 45 metres. The company’s share price lost 48¢ to close at $1.53.

Coniagas Resources, a junior exploring for lithium near James Bay, Que., has seen its share price climb from 40¢ in February to near $1.50 in June; it gained 35¢ last week alone. Last year, the company identified a 4.8-km-long corridor hosting pegmatite dykes at its James Bay property and it is currently conducting a resistivity induced-polarization survey at the site.

Continuing its slow share price climb, SanGold added 26¢ to end the week at $2.36. In October, the company hit a new high of 60¢. The company is exploring two new, high-grade zones near its Rice Lake mine and mill and recently received $37 million from a warrant exercise.

And Rainy River Resources gained 19¢ to reach $2.20 on news of a new president and CEO. Raymond Threlkeld is taking over from Nelson Baker, who is retiring.

TSX-V most active issues
	VOLUME	WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Appleton Expl AEX	24865	0.50	0.16	0.21	-0.26
Beartooth Plat BTP	15423	0.01	0.01	0.01	0.00
Western Potash WPX	10032	0.53	0.40	0.44	+ 0.01
Red Pine Expl RPX	9567	0.08	0.05	0.07	+ 0.02
Q-Gold Res QAU	6819	0.06	0.03	0.05	0.00
Noront Res NOT	6517	0.60	0.50	0.56	-0.01
Snowfield Res SNO	4516	0.03	0.01	0.01	0.00
Canadn OrebodsCO	4108	0.05	0.03	0.04	-0.01
North Am Tung NTC	3910	0.17	0.12	0.12	-0.03
San Gold Res SGR	3833	2.36	2.02	2.36	+ 0.26

TSX-V greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Yamiri Gold &E	YGI	161	0.11	0.08	0.11	+175.0
Whetstone Mnls	WMI	12	0.05	0.05	0.05	+150.0
Nebu Res	NBU	581	0.17	0.09	0.16	+100.0
Carmax Expl	CMX	1129	0.02	0.01	0.02	+100.0
Atlas Minls	AMR	116	0.05	0.02	0.02	+100.0
Otish Energy	OEI	623	0.03	0.01	0.02	+100.0
Dot Res	DOT	412	0.10	0.05	0.07	+ 75.0
Sacre-Coeur Ml	SCM	455	1.15	0.54	0.91	+ 75.0
Asbestos Corp	ABH	11	0.22	0.11	0.22	+ 69.2
Silver Grail R	SVG	68	0.10	0.10	0.10	+ 66.6
Appleton Expl	AEX	24865	0.50	0.16	0.21	-55.3
Firesteel Res	FTR	30	0.04	0.04	0.04	-50.0
Viking Gold	VGC	17	0.06	0.03	0.06	-50.0
Noble Metal Gr	NMG	15	0.05	0.05	0.05	-37.5
Aroway Mnls	ARW	28	0.14	0.14	0.14	-36.3
McChip Res	MCS	52	1.25	0.90	0.90	-35.7
Puget Vent	PVS	276	0.45	0.33	0.33	-34.0
Stroud Res	SDR	600	0.05	0.03	0.04	-33.3
Dentonia Res	DTA	71	0.03	0.02	0.02	-33.3
Ruby Red Res	RRX	236	0.09	0.06	0.06	-33.3

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Intl Tower Hil	ITH	772555	3.75	+ 0.49
Sacre-Coeur Ml	SCM	455160	0.91	+ 0.39
Rare Elemnt Rs	RES	902682	1.89	+ 0.38
Coniagas Res	CNY	612775	1.60	+ 0.35
San Gold Res	SGR	3832780	2.36	+ 0.26
Rainy River Rs	RR	631693	2.20	+ 0.19
Bear Lake Gold	BLG	1293677	0.68	+ 0.18
Bear Creek Mng	BCM	186800	1.96	+ 0.16
Exeter Res	XRC	150120	3.30	+ 0.14
Aldridge Minls	AGM	10000	1.70	+ 0.13
McChip Res	MCS	52100	0.90	-0.50
Underworld Res	UW	3621232	1.53	-0.48
Appleton Expl	AEX	24864736	0.21	-0.26
Puget Vent	PVS	276000	0.33	-0.17
Whitemud Res	WMK	68662	1.05	-0.15
Mantra Mng	MAN	51060	0.94	-0.14
Mansfld Mnrls	MDR	166500	0.51	-0.13
Zimtu Capital	ZC	15268	1.10	-0.11
Avino Silver	ASM	87131	0.55	-0.10
Orko Silver	OK	1378117	0.61	-0.10