TSX VENTURE EXCHANGE -August 23-27

Two days in the red were curbed by three days in the black for the S&P/TSX Venture composite index over the Aug 23-27 trading week, leaving the board up 9.23 points at 1,488.85. The overall gain kept the Venture board on its sustained ascent, which it initiated in early July at below 1,350.

Nevertheless, the summer doldrums were still apparent in the moderate daily trading volumes, which averaged 88 million. And the bears still greatly outweighed the board’s bulls: 152 Venture-listed companies fell to new 52-week lows over the week while just 45 climbed to new highs.

Rare Element Resource’s share price continued its roller-coaster ride, this time soaring $1.05 in a week to close at $4.03. The company’s Bear Lodge project is home to the sizable Bull Hill rare earth element deposit, which boasts 16 million inferred tonnes grading 3.46% rare earth oxides. While the company works through a scoping study on Bull Hill it is also exploring the project’s gold potential; last year the Sundance zone returned such intercepts as 175 metres of 0.44 gram gold per tonne and 44 metres of 1.24 grams gold.

Work continues apace at East Asia Minerals’ Miwah gold project in Indonesia. The company now has three drill rigs on the property, with one focused on new exploratory targets. A drill working to connect the main zone to the northern Moon River area, recently returned 0.5 gram gold over 259 metres; another hit 1.43 grams gold over 20 metres and 0.82 gram gold over 23 metres in the new Signal area to the west. East Asia’s share price gained 31¢ to close at $6.20.

Silver Quest Resources was one of the week’s most heavily traded stocks, moving 6.6 million shares to gain 16¢ to close at a new high of 84¢. The company closed an $8-million private placement on the strength of recent exploration results from its Capoose project in northern British Columbia and its three projects in the Yukon.

Another stock that saw more trading than usual was Bayfield Ventures. At its Burns Block property, which is directly adjacent to Rainy River Resources’ 5-million oz. namesake gold project, Bayfield cut 9 metres grading 12.88 grams gold, including 3 metres carrying 31.7 grams gold, early in its 20,000-metre drill program. The news lifted the company’s share price 8¢ to 55¢.

And one of the new Yukon darlings, Kaminak Gold had another big week spurred on by another hot hole at its Coffee gold project. The second hole into the third gold zone at Coffee, known as Double Double, returned 5 metres grading 15.9 grams gold. The first hole hit 35 metres of 6.3 grams gold in early August. Kaminak shares rose 57¢ to $2.94 apiece, meaning its share price has tripled in three months. Other Yukon explorers that reached new 52-week highs include: Northern Tiger Resources, Taku Gold and Tarsis Resources.

TSX-V most active issues
	VOLUME		WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Northern Star NSM	23108	0.01	1.0E8	0.01	0.00
Manicouagan Ml MAM	17640	0.05	0.04	0.05	0.00
Otish Energy OEI	11431	0.22	0.09	0.16	+ 0.08
Sidon Intl Res SD	11356	0.14	0.10	0.12	-0.01
RomarcoMnrls R	9278	1.90	1.79	1.79	-0.11
New Guinea Gld NGG	8306	0.12	0.10	0.10	-0.01
TradeWindsVtTWD	7435	0.23	0.14	0.23	+0.08
Medoro Res MRS	7208	1.90	1.74	1.86	-0.04
SilverQuestR SQI	6567	0.87	0.67	0.84	+0.16
Harte Res HRT	6227	0.48	0.29	0.47	+ 0.16

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Otish Energy	OEI	11431	0.22	0.09	0.16	+ 100.0
Taranis Res	TRO	14	0.27	0.20	0.27	+ 68.7
Waymar Res	WYM	174	0.70	0.47	0.70	+ 59.0
Metalex Vent	MTX	530	1.00	0.54	0.86	+ 56.3
Pac Ridge Expl	PEX	1301	0.32	0.20	0.31	+ 55.0
Terraco Gold	TEN	1074	0.17	0.09	0.17	+ 54.5
Trade Winds Vt	TWD	7435	0.23	0.14	0.23	+ 53.3
North Atlc Res	NAC	3474	0.44	0.29	0.44	+ 51.7
Harte Res	HRT	6227	0.48	0.29	0.47	+ 51.6
Redstar Gold	RGC	275	0.16	0.09	0.12	+ 50.0
Ringbolt Vent	RBV	55	0.09	0.09	0.09	-35.7
Trio Gold Corp	TGK	1209	0.12	0.08	0.08	-33.3
Golden Harp	GHR	30	0.11	0.11	0.11	-31.2
EurOmax Res	EOX	715	0.17	0.12	0.12	-29.4
Roscan Minls	ROS	28	0.05	0.05	0.05	-28.5
Silver Spruce	SSE	1389	0.06	0.05	0.05	-28.5
Pro Minerals	PRM	127	0.05	0.05	0.05	-28.5
Georox Res	GXR	399	0.15	0.11	0.11	-26.6
Valencia Vent	VVI	164	0.08	0.06	0.06	-25.0
Swift Res	SWR	80	0.10	0.09	0.10	-23.0

< td>Rainy River Rs

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
RareElemntRs	RES	1166420	4.03	+ 1.05
Atac Res	ATC	4314206	2.43	+ 0.60
Kaminak Gold	KAM	5178165	2.94	+ 0.57
Quest Rare Mnl	QRM	1565625	3.32	+ 0.55
Bear Creek Mng	BCM	2467615	5.00	+ 0.50
Maudore Minls	MAO	93548	4.34	+ 0.43
RR	2828618	6.40	+ 0.32
East Asia Mnls	EAS	1033957	6.20	+ 0.31
Tasman Metals	TSM	1763072	1.20	+ 0.31
Metalex Vent	MTX	529540	0.86	+ 0.31
Macarthur Mnl	MMS	141250	1.67	-0.33
Tsodilo Res	TSD	81482	1.32	-0.32
Amazon Mng	AMZ	872033	2.24	-0.21
Universal Powr	UNX	744203	2.11	-0.21
St Elias Mns	SLI	1422510	1.20	-0.20
Antares Minls	ANM	1105704	3.43	-0.17
Chesapeake Gld	CKG	76675	7.00	-0.15
Clifton Star	CFO	759121	4.18	-0.15
James Bay Res	JBR	266000	0.52	-0.13
West High Yld	WHY	48950	0.43	-0.12