Trading Summary (October 20, 2003)

Toronto stocks were flat on Monday, ending just 2.38 points higher at 7,719.85. The golds finished on the plus side, up 1.68 points to 194.31. Likewise, the diversified miners added 1.48 points to make 180.59.

Tahera reigned supreme among the mining issues, jumping 1.5, or more than 10%, to 16 with nearly 4.4 million shares traded. On Monday, Tahera reported that just 7.6 kg worth of material collected from a newly discovered kimberlite dyke on its Jericho claims in Nunavut has surrendered five small diamonds.

Wheaton River Minerals was next in line ending 12 to the good at $2.66 with just more than 4 million shares on the go. The company is due to release its third-quarter financial results on Nov. 17. St Andrew Goldfields grabbed third spot with about 3.7 million shares winding their way a penny lower to 23. St Andrew holds the largest land position in Ontario’s Timmins camp — roughly 712 sq. km. The company’s portfolio also includes prospective gold and silver properties in the Mystery Creek region of central Alaska and British Columbia’s Eskay Creek region.

Jonpol Resources soared 7, or more than 24% to, 36. On Monday, the Jonpol completed the acquisition of 43 patented mineral claims in Garrison Township, Ontario, from Aurado Energy for $50,000. Jonpol now owns the claims outright.

Shares in Imperial Metals shot up 52, or 15.3%, to $3.92 on the latest drill results from the newly discovered Northeast zone on the past producing Mount Polley copper-gold property some 56 km northeast of Williams Lake, British Columbia.

Underground core drilling by Metallic Ventures has intersected a new high-grade ore shoot along strike of the Martinez vein system on the Esmeralda property, 100 miles southeast of Reno, Nevada. The company’s issue rose 6 to $6.45.

Canada’s junior exchange started the trading week off on a strong note with investors eyeing juniors with exposure to the copper market. The S&P-TSX Venture Exchange composite index tacked on +6.58 points, or 0.46%, and closed at 1,442.18.

Strongbow Resources added 4 to close at 54 on 1.1 million shares traded. The junior recently staked 200,000 acres of ground adjoining the property held by Committee Bay Resources in Nunavut.

Investors bid up shares in Sparton Resources. The junior recently reported that kimberlite indicator minerals have been found in till samples taken from its 100% owned property located in the Otish mountains of northern Quebec. Following the news the junior agreed to sell two million special warrants at a price of $0.43 per unit. Each special warrant holds one share and one warrant. The warrants are exercisable at $0.54 for a period of two years. Sparton ended the day at 89, up 7 on 2.6 million shares traded.

With copper prices hitting a three year higher, investors continued to buy shares in Taseko Mines. Back in July, the Hunter Dickinson led company launched an exploration drilling program over its Gibraltar copper property, near Williams Lake in south-central British Columbia. The program was designed to test several areas adjacent to the previous porphyry copper deposits, which produced 1.8 billion lbs of copper and 19 million lbs of molybdenum over 27 years of operation on the Gibraltar property. Taseko ended the day at 78, up 7 on nearly 900,000 shares traded.