TSX VENTURE EXCHANGE – April 21-27

TSX VENTURE EXCHANGE – April 21-27

In the April 21-27 reporting period, the S&P/TSX Venture composite index broke through the 1,000-point mark for the first time since October, gaining 27.55 points to end the week at 1002.98. Daily trading volumes were strong, averaging 76 million.

In another sign of the slow return of optimism in the markets, 10 junior companies reached new 52-week share price highs while 52 fell to new lows, a better ratio than the markets have presented in recent months.

One of the juniors helping that ratio along was Cadiscor Resources; its share price peaked at 64¢ during the week. In late May, Cadiscor shareholders will vote on a proposed merger with North American Palladium.

After a slew of strong gold drill results from the new Hinge zone near its operating Rice Lake mine and mill, San Gold moved more than 9 million shares during the period to close up 17¢ at $2.07. At the zone’s east end, a drill hit 82 grams gold per tonne over 2.1 metres; at the west end, a drill cut 10.3 grams gold over 6.4 metres.

The biggest absolute gain over the week went to Eurasian Minerals, which added 33¢ to its share price to close at $1.33. The company is exploring several projects in Haiti and announced promising copper-silver-gold sampling results from the Treuil project: 63 rock samples taken over a 1.3-sq.-km area returned an average of 4% copper.

Ground gravimetric and magnetic surveys at the Big Daddy chromite project in the James Bay lowlands indicate that drilling over the last two years likely hit only the southwest portion of the deposit. Joint-venture owners Spider Resources, KWG Resources, and Freewest Resources Canada all enjoyed good trading volumes on the news, though none gained appreciably.

Strathmore Minerals’ share price almost doubled over the reporting period, gaining 27¢ to close at 65¢. At the end of the previous week, Strathmore received a water-discharge permit for its Roca Honda uranium project in McKinley Cty., N. M., which is a significant step in the permitting process to restart the historic mine.

Bear Creek Mining’s share price continued to struggle, losing 24¢ to end the period at $1.29. The previous week, Bear Creek gained slightly on news of a positive scoping study and increased resource estimate for its Santa Ana silver deposit, in southern Peru.

More long mineralized intercepts from the Caspiche porphyry project in Chile helped Exeter Resource’s share price climb 21¢ to $3.45. New drill results include 120 oxide metres averaging 0.69 gram gold, followed by 905 sulphide metres of 0.87 gram gold and 0.26% copper.

An agreement to acquire Mayaniquel from BHP Billiton for US$2.5 million lifted Anfield Ventures’ share price 20¢ to $1.25. Mayaniquel is a Guatemalan company that holds 21 mineral exploration licences in the nickel laterite belt northeast of Guatemala City. The licences are adjacent to the Fenix nickel project, which HudBay Minerals bought for $560 million in 2007.

TSX-V most active issues
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Vantex Res	VTX	14747	0.09	0.05	0.05	+ 0.01
San Gold Res	SGR	9332	2.13	1.82	2.07	+ 0.17
KWG Res	KWG	7705	0.04	0.03	0.04	0.00
Gold Hawk Res	CGK	7692	0.06	0.04	0.05	0.00
Forest Gate	FGT	7061	0.02	0.01	0.01	+ 0.01
Brilliant Mng	BMC	5047	0.16	0.13	0.14	-0.01
Bonaventure En	BVT	5046	0.04	0.02	0.03	+ 0.01
Canasia Indust	CAJ	5027	0.12	0.09	0.09	-0.01
Bayswater Uran	BAY	4956	0.14	0.09	0.14	+ 0.05
Westar Res	WER	4708	0.13	0.09	0.09	-0.02

TSX-V greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Island Arc Exp	IAX	126	0.06	0.04	0.05	+400.0
Takara Res	TKK	375	0.04	0.03	0.03	+200.0
ICS Copper Sys	ICX	319	0.07	0.01	0.03	+200.0
Hansa Res	HRL	255	0.17	0.07	0.14	+180.0
Zinco Mng	ZIM	136	0.35	0.16	0.35	+133.3
Philex Gold	PGI	35	0.30	0.20	0.30	+100.0
Ultra Uranium	ULU	145	0.09	0.03	0.06	+100.0
Nikos Expl	NIK	18	0.02	0.02	0.02	+100.0
Augen Gold	GLD	172	0.14	0.10	0.12	+100.0
Molycor Gold	MOR	434	0.05	0.04	0.04	+100.0
Global Uran	GU	20	0.04	0.01	0.01	-75.0
AMI Res	AMU	100	0.04	0.01	0.01	-66.6
PMI Gold	PMV	780	0.05	0.02	0.02	-60.0
Meritus Mnls	MER	13	0.14	0.05	0.05	-58.3
Bonanza Res	BRS	105	0.05	0.01	0.04	-55.5
Orsa Vent	ORN	107	0.06	0.03	0.05	-54.5
New Dimen Res	NDR	21	0.05	0.03	0.03	-50.0
Dentonia Res	DTA	120	0.03	0.01	0.01	-50.0
Diadem Res	DRL	277	0.05	0.02	0.02	-50.0
Spruce Ridge R	SHL	19	0.10	0.08	0.08	-46.6

< td>Strathmore Min

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Eurasian Minls	EMX	287925	1.33	+ 0.33
STM	1038102	0.65	+ 0.27
Salazar Res	SRL	245696	0.60	+ 0.25
Tournigan Engy	TVC	4520911	0.49	+ 0.23
Dundarave Res	DDX	49196	0.65	+ 0.22
Exeter Res	XRC	328400	3.45	+ 0.21
Clifton Star	CFO	69860	2.39	+ 0.21
Hathor Expl	HAT	2615254	2.06	+ 0.21
Anfield Vent	ANF	124500	1.25	+ 0.20
Zinco Mng	ZIM	136250	0.35	+ 0.20
Bear Creek Mng	BCM	393790	1.29	-0.24
Aldridge Minls	AGM	20400	2.45	-0.20
Kootenay Gold	KTN	841000	0.47	-0.13
Unigold	UGD	89437	0.22	-0.12
Maya Gold & Si	MYA	135500	0.39	-0.11
Gleichen Res	GRL	20000	0.37	-0.11
Fortuna Silver	FVI	3508359	0.83	-0.11
Troon Vent	TVN	93210	0.66	-0.11
SouthGobi Engy	SGQ	28800	10.50	-0.10
Chesapeake Gld	CKG	70778	4.55	-0.10