TSX VENTURE EXCHANGE -April 13-19

With talk of record high debt levels for Canadians and fraud charges against Goldman Sachs pitted against news of 11% growth in China last quarter, the S&P/TSX Venture composite index was mixed over the April 13-19 trading week, with early gains more than offset by late losses. The board closed the week down 19.71 points at 1653.96. Daily trading volumes remained high, averaging 123 million.

Despite an overall loss, 72 Venture-listed companies reached new 52-week highs over the week while 64 fell to new lows.

Avion Gold was the week’s volume leader, trading more than 25 million shares to climb 4¢ to 74¢. At its Tabakoto project in Mali, the junior is probing for additional mineralization along two parallel trends striking southwest from its two producing open pits and the effort has recently returned such grades as 12 metres of 14.86 grams gold per tonne and 14 metres of 21.77 grams gold. Avion also announced a brokered $25-million financing.

A high-grade gold hit at the Haile gold mine project in South Carolina and a $120-million financing propelled Romarco Minerals’ share price up 12¢ to close the week at $2.05. Romarco is testing the Horseshoe zone, a new area of mineralization discovered earlier in the year through condemnation drilling, and recently hit 1.5 metres carrying 929 grams gold at 148 metres depth.

Esperanza Silver hit a new share price high on the back of drill results from its Cerro Jumil gold project in Morelos state, Mexico. Drills are working to update the current resource at Cerro Jumil and have returned such intercepts as 93 metres of 1.81 grams gold from 55 metres depth and 24 metres of 2.04 grams gold from 39 metres downhole. Last year a preliminary economic assessment of the deposit determined that a US$72.2-million investment could support development of a mine producing 52,000 oz. gold annually for 7.6 years, at a cash cost of US$418 per oz.

News of a 157-metre intercept grading 3.94 grams gold did nothing for Victoria Gold’s share price, which finished the week down a penny at 89¢. The company is exploring the Santa Fe project in Nevada, a past-producing site within the prolific Walker Lane trend, and has focused of late on understanding the local postmineral faulting and its relationship to mineralization.

Calypso Uranium doubled its share price, adding 13¢ to reach 26¢ before settling to 22.5¢, after announcing a deal with Cameco to explore and potentially develop Calypso’s Argentinean projects. The letter of intent outlines a deal where Cameco can earn 51% of Calypso’s Argentinean subsidiary by investing $10 million in exploration over four years, of which the first $2.5 million is a firm commitment.

And a ruling from the Costa Rican Supreme Court allowing Infinito Gold to resume development of its Crucitas gold mine immediately added 15¢ to the company’s share price, lifting it to 40¢. Work at Crucitas has been suspended since late 2008 when environmental groups challenged the validity of Infinito’s development permits.

TSX-V most active issues
	VOLUME		WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Avion Res AVR	25302	0.83	0.67	0.74	+ 0.04
RomarcoMnrlsR	19300	2.09	1.85	2.05	+0.12
Medoro Res MRS	17839	0.70	0.58	0.62	-0.05
Logan Res LGR	13384	0.10	0.05	0.09	+ 0.04
Skyline Gold SK	12552	0.17	0.10	0.12	-0.02
Spider Res SPQ	12547	0.14	0.12	0.13	+ 0.01
Great Western GWG	12322	0.22	0.17	0.20	+ 0.02
First Point FPX	11718	1.08	0.68	0.88	+ 0.17
Majestic Gold MJS	11713	0.19	0.12	0.16	-0.07
Manicouagan MlMAM	10216	0.08	0.05	0.06	0.00

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Global Uran	GU	733	0.59	0.24	0.57	+185.0
Tiex	TIX	10	0.09	0.09	0.09	+125.0
Logan Res	LGR	13384	0.10	0.05	0.09	+ 80.0
Calypso Uran	CLP	4423	0.27	0.18	0.22	+ 69.2
Mainstream Mnl	MJO	901	0.11	0.06	0.10	+ 66.6
Merit Mng	MEM	102	1.20	0.70	1.20	+ 66.6
Aldershot Res	ALZ	5472	0.08	0.03	0.05	+ 66.6
IC Potash	ICP	4349	0.62	0.35	0.60	+ 62.1
Infinito Gold	IG	1620	0.47	0.23	0.41	+ 57.6
Diadem Res	DRL	2321	0.28	0.14	0.22	+ 57.1
Pinnacle Mines	PNL	2900	0.22	0.14	0.14	-39.1
Berkley Res	BKS	948	0.08	0.05	0.05	-37.5
Woulfe Mng	WOF	1297	0.19	0.14	0.14	-36.3
Radar Acquistn	RAC	2980	0.14	0.09	0.09	-35.7
Northern Plat	NTH	34	0.48	0.30	0.32	-34.6
Module Res	MLE	314	0.08	0.06	0.06	-33.3
Majestic Gold	MJS	11713	0.19	0.12	0.16	-30.4
Mala Noche Res	MLA	712	0.24	0.15	0.17	-29.1
Mineral Hill	MHI	1575	0.06	0.05	0.05	-28.5
Diamcor Mng	DMI	28	0.35	0.31	0.31	-27.9

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Pac Booker Min	BKM	57156	9.85	+ 0.90
Chesapeake Gld	CKG	133390	8.45	+ 0.64
Merit Mng	MEM	101548	1.20	+ 0.48
Global Uran	GU	733003	0.57	+ 0.37
Hana Mng	HMG	7128235	2.32	+ 0.30
IC Potash	ICP	4348896	0.60	+ 0.23
First Point	FPX	11717696	0.88	+ 0.17
Manitou Gold	MTU	55600	0.51	+ 0.15
Infinito Gold	IG	1620100	0.41	+ 0.15
Lovitt Res	LRC	91300	0.72	+ 0.14
Clifton Star	CFO	307297	5.69	-0.50
Macarthur Mnl	MMS	137375	1.61	-0.47
Alderon Res	ADV	122770	2.15	-0.44
Quest Uranium	QUC	1273260	3.30	-0.38
Amazon Mng	AMZ	373330	1.81	-0.28
RareElemntRs	RES	571988	3.28	-0.22
Noront Res	NOT	1763681	1.59	-0.21
Zimtu Capital	ZC	14721	1.41	-0.18
Northern Plat	NTH	34000	0.32	-0.17
Andina Mnls	ADM	823345	1.19	-0.17