TSX VENTURE EXCHANGE -Sept. 7-10

The S&P TSX Venture composite index’s ten-week ascent continued during the second week of September, a trading week shortened by Labour Day. Over Sept. 7-10 the Venture board gained 30.54 points to close at 1,596.5. After picking up dramatically in the first week of the month, daily trading volumes remained strong, averaging 133 million.

The junior market’s bears still outweighed its bulls, though the race was much closer than it has been for months. Over the period 82 Venture-listed companies reached new 52-week share price highs while 101 fell to new lows.

Top trader status for the week went to Bayfield Ventures, which moved more than 20 million shares to gain 42¢ or 53% to reach $1.21. Drills at the company’s Burns Block property, which is adjacent to Rainy River Resources’ namesake project, intercepted 10 metres grading 35.93 grams gold per tonne within 81 metres averaging 5.08 grams gold. The hit came 400 metres from the nearest high-grade intercept, indicating potential for a high-grade shoot of significant size. Rainy River also gained notably, adding 52¢ to reach $8.06.

Another set of high-grade hits from the Haile gold mine in South Carolina lifted Romarco Minerals as high as $2.32 before settling to $2.14, a gain of 11¢. New results expanded the Snake and Horseshoe zones at Haile and increased the potential for continuity of mineralization between the two zones, with highlight holes returning 77.7 metres of 8 grams gold, 19.8 metres of 10.6 grams gold and 148.3 metres of 3.6 grams gold.

High-grade hits did not help San Gold: the company extended the 007 zone at its Rice Lake gold mine in Ontario with such intercepts as 31.5 metres grading 61 grams gold and 15.8 metres of 32 grams gold, but its share price fell 34¢ to $3.59.

Sacre-Coeur Minerals jumped on news of a takeover proposal, gaining 41¢ to reach $1.31. The company says it received a “proposal for acquisition of the company by a large international mining entity” that would involve a complete share purchase at a premium, but did not say which major made the approach. Sacre-Coeur owns several early-stage gold properties in Guyana that collectively cover more than 1,000 sq. km.

A chip sampling program at the 3Ace property in the Yukon returned highlight results of 1.1 metres averaging 1,013 grams gold and 1 metre of 181 grams gold, and the news lifted Northern Tiger Resources’ share price 23¢ to 50¢. The company plans to follow up on this year’s surface program at 3Ace with a drill program next year.

Good metallurgical results and a new high-grade zone at the Mayaniquel project in Guatemala lifted Anfield Nickel 65¢ to $4, a new high. Smelting testwork recovered 93% of the nickel from composite samples that included limonite, transition and saprolite material. (Mayaniquel predominately hosts saprolite.)

TSX-V most active issues
	VOLUME		WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Bayfield Vent	BYV 20722	1.38	0.82	1.21	+ 0.42
Hinterland Mtl	HMI 16012	0.14	0.09	0.12	+ 0.02
RomarcoMnrls	R 14891	2.32	1.95	2.14	+0.11
Copper Fox Mtl	CUU 13827	0.88	0.53	0.65	+ 0.12
Channel Res	CHU 12463	0.23	0.11	0.18	+ 0.05
Northern Tiger	NTR 11213	0.53	0.27	0.50	+ 0.23
Avion Res	AVR 10320	0.62	0.55	0.60	+ 0.08
Gold Bulln Dev	GBB 10286	0.79	0.60	0.64	-0.03
Kodiak Expl	KXL 9282	0.44	0.23	0.37	+ 0.13
Golden Dawn	MlGOM 8827	0.09	0.05	0.08	+ 0.02

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Cooper Mnls	CQ	649	0.14	0.07	0.12	+ 200.0
Western Troy C	WRY	123	0.35	0.25	0.35	+ 105.8
Galahad Mtls	GAX	1556	0.18	0.07	0.12	+ 100.0
Northern Tiger	NTR	11213	0.53	0.27	0.50	+ 85.1
Pinestar Gold	PNS	243	0.09	0.06	0.09	+ 80.0
Kings Bay Gold	KBG	3859	0.11	0.05	0.07	+ 75.0
Max Res	MXR	158	0.26	0.17	0.25	+ 66.6
Bolero Res	BRU	2656	0.28	0.18	0.26	+ 62.5
Aguila Am Res	AGL	20	0.08	0.08	0.08	+ 60.0
Mega Precs Mtl	MGP	625	0.68	0.38	0.60	+ 57.8
Champion Bear	CBA	84	0.25	0.18	0.18	-28.0
Q-Gold Res	QGR	342	0.25	0.16	0.19	-24.0
SouthernAndE	SUR	19	0.16	0.14	0.16	-23.8
Alturas Minls	ALT	938	0.12	0.09	0.10	-23.0
First Pursuit	FPV	10	0.14	0.14	0.14	-22.2
Duran Vent	DRV	1068	0.14	0.11	0.11	-21.4
Brigadier Gold	BRG	49	0.19	0.15	0.15	-21.0
Solid Res	SRW	47	0.17	0.14	0.15	-21.0
Hansa Res	HRL	6075	0.05	0.03	0.04	-20.0
Gulfside Mnls	GMG	1232	0.14	0.10	0.12	-20.0

3.88

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Chesapeake Gld	CKG	64620	9.26	+ 0.91
Anfield Nickel	ANF	154591	4.00	+ 0.55
Rainy River Rs	RR	2191681	8.06	+ 0.52
RareElemntRs	RES	1248935	5.75	+ 0.50
Typhoon Expl	TYP	2115669	1.50	+ 0.45
Antares Minls	ANM	1555098	+ 0.44
Bayfield Vent	BYV	20722188	1.21	+ 0.42
Sacre-Coeur Ml	SCM	4225878	1.31	+ 0.41
Lumina Copper	LCC	236850	2.54	+ 0.37
Mansfld Mnrls	MDR	464914	1.79	+ 0.29
Atac Res	ATC	8822113	5.42	-0.58
Bear Creek Mng	BCM	1402007	5.25	-0.44
San Gold Res	SGR	3788652	3.59	-0.34
Pac Booker Min	BKM	12540	7.47	-0.30
East Asia Mnls	EAS	621597	5.31	-0.16
Metalex Vent	MTX	101421	0.71	-0.14
Great Quest Me	GQ	564434	1.15	-0.13
Strategic Metl	SMD	2883798	1.29	-0.13
Silver Quest R	SQI	3437623	0.89	-0.11
CrazyHorseRs	CZH	157700	1.00	-0.10