TSX Venture Exchange

The S&P/TSX Venture Composite Index ended flat in the shortened period, up less than a point at 1,191 points after two days of losses balanced out two days of gains. Volume was also little changed, with an average of 67 million shares traded daily.

Antioquia Gold was the highest percentage gainer as it climbed from 7¢ to 16¢ in the period on 840,000 shares traded. The Colombia-focused company announced it had completed the first phase of a 20,000-metre drill program at its Cisneros project, which focused entirely on the Guayabito deposit. Results from the program included 5 metres grading 13.93 grams gold per tonne, 11 metres of 3.7 grams gold and 9 metres of 4.31 grams gold. The drilling has expanded the length of known mineralization to 300 metres and confirmed continuity to almost 500 metres depth.

Gold Reach Resources bounced back somewhat in the period, climbing 22¢ to end at $1.40. The company, exploring its Ootsa project adjacent to the producing Huckleberry mine in northern B.C., climbed from around 60¢ to a high of $2.13 in June before releasing the first results from a drill program on the property and falling to $1.50. At the end of July the company released two more drill hole results, showing a 594-metre interval grading 0.32% copper equivalent and a 961-metre hole grading 0.34% copper equivalent, which sent the company down to as low as $1.02. The company plans to drill a minimum of 25,000 metres at the property with three rigs.

Unigold reported new drill results from its Candelones project in the Dominican Republic, making for another active week for itself and nearby explorer Goldquest Mining. The two companies were again the most traded companies on the Venture, with Unigold clocking in at 16 million shares traded and Goldquest with 8.6 million shares traded. Unigold’s results included 89 metres grading 1.72 grams gold and 122 metres carrying 0.73 gram gold, both 100-metre stepouts to the southwest at its Candelones Extension target. Unigold dropped 9¢ to end at 40¢, while Goldquest dropped 10¢ to $1.51.

Roxgold saw 4.6 million shares traded after releasing a first resource estimate for its Yaramoko project in Burkina Faso. The resource established 617,000 indicated tonnes grading 17.8 grams gold for 354,000 contained oz., plus 1.2 million inferred tonnes at 7.7 grams gold for a further 306,000 oz. gold. The news had the company ending down 7¢ at 47¢, having dropped from a high of $2.27 in March. The company is in the midst of a proxy battle after management postponed its annual general meeting until Sept. 25.

Maudore Minerals, which just wrapped up its own proxy battle in mid-July, climbed 22¢ to $2.67 on active trading. A new board of directors was elected on July 19.

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