TSX Venture Exchange April 6-12

Apart from a slight slide on the last day, the April 6-12 trading week was a healthy one for the S&P/TSX Venture composite index: the board gained 42.21 points to close at 1673.67. Daily trading volumes remained very strong, averaging 129 million.

The board’s rising average lifted 92 junior companies to new 52-week share price highs. Only 59 Venture-listed companies fell to new lows during the week.

Despite not releasing any news, Copper Fox Metals moved more shares than any other company on the Venture board over the week. The junior gained 19¢, doubling its share price to reach 38¢, on 20.8 million trades. Copper Fox is nearing completion of a feasibility study on its flagship Schaft Creek copper-molybdenum-gold-silver project in northwest British Columbia, investigating the merits of a 100,000-tonne-per-day open-pit mine operating for at least 22 years.

After almost tripling its share price on some impressive early gold intercepts at its Coldstream gold project in Ontario the previous week, Foundation Resources’ share price settled significantly, losing 32¢ to close at 54¢. The fall occurred despite another set of drill results from Coldstream that included such intercepts as 111 metres grading 1.12 grams gold per tonne.

News that the historic Lamaque gold mine in Quebec will soon be producing gold again, lifted Century Mining’s share price 21¢ to reach 63¢ by the end of the week. Century reopened the old mine in January and, with 115 employees now at work, is mining on two stopes and preparing a third. The company expects to pour its first Lamaque gold before July.

Antares Minerals rose on news that initial metallurgical studies on rock samples from the company’s Haquira project in Peru indicate good copper recoveries using conventional grinding and flotation. The Haquira porphyry hosts copper, molybdenum, gold and silver; testwork showed reasonable recoveries for the latter three minerals as well. Antares expects to release an updated Haquira scoping study soon.

Callinan Mines’ share price continued its sustained climb, adding another 13¢ to reach $1.70. The company holds a 6.67% net profits interest in HudBay Minerals’ 777 mine in Flin Flon, Man., which results in quarterly payments of between $2 million and $3 million. Callinan also won a small step in its legal battle with HudBay in February, allowing it to continue fighting for access to the major’s book and an order compelling HudBay to recalculate the net profits payments based on a larger amount.

Another set of high-grade gold hits from the Miwah gold project in Indonesia is propelling East Asia Minerals to yet another share price high: the junior gained $1.13 in five days to close at $7.53. East Asia’s drills probed north of the Miwah Main zone, towards a prospect known as Moon River, and encountered 111 metres grading 3.96 grams gold, including 22 metres of 15.74 grams gold, indicating potential for the zone to increase in both grade and thickness to the north.

TSX-V most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Copper Fox Mtl	CUU	20795	0.44	0.19	0.38	+ 0.19
Majestic Gold	MJS	20674	0.27	0.09	0.22	+ 0.16
Arian Silver	AGQ	17509	0.17	0.09	0.16	+ 0.08
Skyline Gold	SK	12507	0.15	0.09	0.14	+ 0.06
Foundation Res	FDN	11442	0.88	0.53	0.54	-0.32
Sage Gold	SGX	11210	0.04	0.03	0.04	0.00
Canada Lithium	CLQ	10798	0.74	0.63	0.69	0.00
KWG Res	KWG	10573	0.13	0.12	0.12	0.00
Medoro Res	MRS	10091	0.69	0.58	0.67	+ 0.05
Century Mining	CMM	10084	0.64	0.43	0.63	+ 0.21

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Majestic Gold	MJS	20674	0.27	0.09	0.22	+266.6
Northern Plat	NTH	6792	0.49	0.16	0.49	+250.0
Copper Fox Mtl	CUU	20795	0.44	0.19	0.38	+100.0
Arian Silver	AGQ	17509	0.17	0.09	0.16	+100.0
GMV Minerals	GMV	366	0.09	0.06	0.09	+ 80.0
Skeena Res	SKE	2987	0.08	0.04	0.07	+ 75.0
Skyline Gold	SK	12507	0.15	0.09	0.14	+ 75.0
Altair Vent	AVX	469	0.17	0.10	0.17	+ 70.0
Horseshoe Gld	HSX	995	0.10	0.06	0.10	+ 66.6
Micrex Devel	MIX	193	0.23	0.12	0.17	+ 54.5
Foundation Res	FDN	11442	0.88	0.53	0.54	-37.2
Manitou Gold	MTU	135	0.53	0.35	0.36	-34.5
OroAndes Res	OAR	1165	0.12	0.10	0.10	-33.3
Sanatana Diam	STA	438	0.17	0.12	0.12	-29.4
Ross River Mnl	RRM	359	0.07	0.05	0.05	-28.5
Tiex	TIX	51	0.07	0.05	0.05	-28.5
Island Arc Exp	IAX	130	0.07	0.05	0.05	-28.5
Solex Res	SOX	62	0.14	0.10	0.11	-26.6
Gulfside Mnls	GMG	47	0.38	0.31	0.31	-26.1
Leeward Capitl	LWC	5008	0.04	0.03	0.03	-25.0

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
East Asia Mnls	EAS	4666927	7.53	+ 1.13
Pac Booker Min	BKM	65026	8.95	+ 0.95
Centurion Mnls	CTN	1457015	1.36	+ 0.47
Antares Minls	ANM	459125	3.00	+ 0.45
San Gold Res	SGR	7787381	3.62	+ 0.42
Quest Uranium	QUC	2460154	3.68	+ 0.41
Universal Powr	UNX	1783601	2.35	+ 0.36
Northern Plat	NTH	6791500	0.49	+ 0.35
Lumina Copper	LCC	466020	1.53	+ 0.35
Anfield Nickel	ANF	101220	3.00	+ 0.30
St Elias Mns	SLI	7311012	1.38	-0.42
Foundation Res	FDN	11441533	0.54	-0.32
Chesapeake Gld	CKG	85604	7.81	-0.31
Sunward Res	SWD	142650	1.25	-0.24
Merit Mng	MEM	14972	0.72	-0.21
Manitou Gold	MTU	135100	0.36	-0.19
Tsodilo Res	TSD	475011	1.92	-0.18
CBR Gold	CBG	834513	0.59	-0.18
Salazar Res	SRL	36164	1.04	-0.14
Northquest	NQ	45000	0.50	-0.13