Canada’s junior exchange started the trading week off flat with investors finding little reason to buy or sell speculative issues. The S&P-TSX Venture Exchange composite index dropped 0.21 of a point, and closed at 1,212.82.
Knight Resources lost 2 to close at 72 on 1.3 million shares traded. The junior recently increased its budget to $2.2 million for the West Raglan nickel-copper project in northern Quebec. Knight is earning a 49% interest in the West Raglan property from Anglo American Exploration (Canada). The 68,000 ha project covers over 60 km of the interpreted western extension of the Raglan Horizon, which hosts the deposits at the Raglan Mine.
Royal Standard Minerals lost 2 to close at 23.5 on 2.9 million shares traded. The junior has all the necessary permits to begin drilling its wholly-owned Pinon gold-silver project in Elko County, Nevada.
Investors continued to bid up shares in Mag Silver ahead of drill results from the Juanicipio silver project in Zacatecas, Mexico. Stock in the junior added a dime to close at $1 on 639,681 shares traded.
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