Trading Summary (November 13, 2003)

The Toronto Stock Exchange composite index gave back yesterday’s gains, losing 29.71 points to finish at 7,767.62.

Asia Pacific Resources ended the day flat at 9 on a heavy 14.2 million shares traded. The company’s main asset is the Udon Thani potash deposit in northeast Thailand. Its shares closed up two pennies, at 9.

Queenstake Resources march higher gaining 6 to close at 83 on 7.6 million shares traded. The company recently acquired the Jerritt Canyon gold mine in Nevada.

High cost gold miner, Thistle Mining got a boost on news of the discovery of two significant resource blocks in the Eldorado Reef Package at the President Steyn complex in South Africa. Shares in the company added 8 to close at 46 on a volume of 7.4 million.

Canada’s junior exchange took a breather from its recent stellar gains. The S&P-TSX Venture Exchange composite index lost 1.62 points, or 0.1% and closed at 1,612.67.

Belvedere Resources surged 13 to close at 63 on 3.7 million shares traded. The junior recently completed a 1,044 metre diamond drill program on the Kopsankangas claim on the Kopsa intrusive related gold copper deposit in Finland. A total of nine holes were drilled from 52 to 180 metres in length. Holes 3, 4, 5, 6, 11 and 10 were drilled on 50 metre sections north from the central zone, while 5, 6 &11 being drilled on the same section in the northern IP anomaly. Holes 7, 8 &9 were aimed at extending the central zone mineralisation south (Hole 7) and eastwards (Hole 8 &9). The best intersection came in hole 8, which returned 9.4 metres grading 2.25 grams gold and 0.25% copper.

American Bonanza Gold Mining gave back some of yesterday;s gains, losing 3.5 to close at 42 on 2.24 million shares traded. The company’ stock rose following the initial results from an ongoing 9,000 ft underground drilling program on the D zone on the Copperstone gold project in Arizona. The junior drilled the first two holes of the latest program into the western margin of the D zone, with hole 1 failing to cut any significant values and hole 2 yielding a high value of 0.31 oz gold per ton over 4.5 ft. The third hole returned 40 ft grading 1.2 oz gold. Included in this interval was a higher-grade section running 2.3 oz gold over 18 ft.

Makng a big percentage move, ECU Silver added 2 to close at 16.5 on 2.4 million shares traded. The stock resumed trading Aug. 8 after a cease-trading order was lifted. The original vendors have challenged ECU’s ownership (through a subsidiary) of the mining properties in the Velardena area of Mexico. The dispute has resulted in a production shortfall: only 2,606 tonnes were milled between March 24 and May 4 instead of the 5,000 tonnes planned. The average grades for that period were 6.15 grams gold and 299 grams Silver, with recoveries of 75% for gold and 38% for Silver.