TSX VENTURE EXCHANGE -NOV. 29-DEC. 3

For a second week the S&P-TSX Venture composite index shrugged off its short downturn and made overall gains of 52.93 points, ending at 2,109.93.

The board was buzzing with activity, averaging 188 million shares traded daily. Some 190 juniors reached 52-week highs while 47 hit new lows.

Seafield Resources saw by far the highest volume, clocking in at 72.3 million shares traded. The company released drill results from the Miraflores deposit at its Quinchia gold project in Colombia. Results include hole 3 hitting 449 metres grading 1.29 grams gold per tonne, with a 24-metre section averaging 9.18 grams gold. The project already hosts an inferred resource of 18.6 million tonnes of 1.3 grams gold for 776,000 contained oz. gold, but the recently completed 4,100-metre drill program adds significantly to the data the resource was based on. Seafield’s share price climbed 35¢ to 57¢.

A positive ruling by the Commissioner for Minerals in Tanzania helped send Canaco Resources’ shares up 83¢ to $4.75. The company was entangled in a dispute with Sonora Gold & Silver over a small licence within Canaco’s Kilindi project. The ruling stated that the licence, which Sonora had optioned into, will now only be open for small-scale local mining. Sonora saw its share price drop 28¢ to 26¢.

A property acquisition in French Guiana helped Columbus Gold climb 27¢ to 52¢ per share. The company has secured the 135-sq.-km Paul Isnard project, which already hosts a resource of 33.2 million tonnes grading 1.69 grams gold for 2 million contained oz. gold. Along with smaller costs to earn 51%, Columbus can earn 100% in the project within four years by spending US$7 million, completing a bankable feasibility study, and issuing enough shares to France-listed Auplata for the company to own 49% of Columbus.

Eagle Plains Resources was one of the biggest percent gainers, climbing 50¢ or 208% to 74¢ after it issued an update on its Iron Range project in British Columbia, including rush assay results from sections of a drill hole. A 27-metre section from hole 5, starting at 63 metres depth, hit 4 metres of 1.49 grams gold and 22.5 grams silver and 1 metre carrying 6.05 grams gold and 33.9 grams silver. From 144 metres, a 19-metre interval averaged 0.84 gram gold throughout the sample. The company reported that holes 7 and 10 showed similar alteration. Providence Capital, which is earning in a 60% interest in the project, climbed $1.30 or 406% to $1.62.

Silvercrest Mines jumped 23¢ to $1.70 as it secured the La Joya property in Mexico. The company is buying the project from local vendors for US$2.68 million, payable over three years, plus a 2.5% net smelter return (NSR) royalty and US$1.5 million for La Joya West and a 1.5% NSR on La Joya East.

TSX-V most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Seafield Res SFF 72249 0.77 0.22 0.57 + 0.34
Sunridge Gold SGC 26343 1.48 1.19 1.48 + 0.28
Sidon Intl Res SD 23012 0.17 0.12 0.17 + 0.05
Passprt Potash PPI 20378 0.38 0.23 0.32 + 0.08
Tournigan Engy TVC 17846 0.45 0.28 0.32 + 0.01
UragoldBayRs UBR 15122 0.08 0.04 0.05 +0.02
Eagle Plains EPL 14620 0.75 0.22 0.74 + 0.50
ESO Uranium ESO 12087 0.15 0.11 0.12 -0.01
Encanto Potash EPO 12003 0.47 0.34 0.44 + 0.01
Avion Gold AVR 11871 1.62 1.35 1.58 + 0.17
TSX-V greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Fortress Mnls FST 848 3.07 0.17 3.00 + 1478.9
Eagle Plains EPL 14620 0.75 0.22 0.74 + 208.3
Barker Mnrls BML 1243 0.06 0.04 0.05 + 150.0
Seafield Res SFF 72249 0.77 0.22 0.57 + 147.8
Roscan Minls ROS 397 0.18 0.11 0.14 + 133.3
Columbus Gold CGT 6893 0.57 0.25 0.52 + 108.0
BCM Res B 232 0.41 0.22 0.40 + 100.0
Arcturus Res AZN 953 0.16 0.09 0.12 + 100.0
EurOmax Res EOX 4835 0.27 0.12 0.23 + 91.6
Cadillac Mng CQX 2807 0.17 0.09 0.17 + 88.8
Pancontl Uran PUC 1987 0.44 0.22 0.23 -42.5
BE Res BER 4416 1.07 0.55 0.58 -42.0
Georox Res GXR 626 0.49 0.25 0.28 -36.3
Energizer Res EGZ 3537 0.53 0.31 0.32 -36.0
Mukuba Res MKU 202 0.42 0.25 0.33 -31.2
Solid Res SRW 782 0.15 0.10 0.11 -31.2
WhiteCanyonU WU 7675 0.23 0.16 0.17 -29.1
Kingsman Res KSM 622 0.14 0.10 0.10 -28.5
Helio Res HRC 1534 0.65 0.42 0.48 -26.1
Atac Res ATC 9072 7.75 4.95 5.80 -24.6

TSX-V greatest value change
WEEK
VOLUME CLOSE CHANGE
Fortress Mnls FST 848293 3.00 + 2.81
Rainy River Rs RR 2132451 12.65 + 1.20
Bear Creek Mng BCM 1222312 9.95 + 0.88
Canaco Res CAN 5720535 4.75 + 0.83
Riva Gold RIV 1607096 2.25 + 0.70
Amazon Mng AMZ 968763 4.56 + 0.65
Hana Mng HMG 2216977 5.10 + 0.61
Eurasian Minls EMX 483183 3.28 + 0.60
Antares Minls ANM 1899927 7.68 + 0.58
Eagle Plains EPL 14619703 0.74 + 0.50
Atac Res ATC 9071527 5.80 -1.90
Chesapeake Gld CKG 244848 11.05 -1.07
RareElemntRs RES 516503 9.85 -0.95
Lumina Copper LCC 630270 3.60 -0.90
Tasman Metals TSM 2512626 3.12 -0.47
BE Res BER 4416237 0.58 -0.42
Callinan Mns CAA 481370 2.81 -0.31
Strategic Metl SMD 4279639 1.92 -0.24
Clifton Star CFO 514842 4.93 -0.21
Energold Drill EGD 1322262 3.80 -0.20
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