TSX VENTURE EXCHANGE -August 3-6

The S&P/TSX Venture composite index made modest gains over the Civic Holidayshortened Aug. 3-6 period to close up 38.12 points at 1,465.48. Daily trading volumes were average at 100 million.

The balance between the bulls and bears slightly improved compared to recent weeks, with 32 Venture-listed companies reaching new 52-week highs while 158 fell to new lows.

Edgewater Exploration released a substantial resource increase for its Malpica-Tuy gold project, in northern Spain, soon after acquiring the project from Lundin Mining. Edgewater used existing drill results not yet included in a resource to more than triple the contained gold. Measured and indicated resources now stand at 5.66 million tonnes grading 1.73 grams gold per tonne while inferred resources add 16.5 million tonnes averaging 1.66 grams gold. The company gained 22¢ to hit a high of $1.18 a share.

Avion Gold saw strong trading volumes of 5.8 million shares as it released drill results from its Hounde gold project in Burkina Faso and gold production numbers for July. The company extended the Vindaloo zone at Hounde with all nine holes intersecting gold mineralization, including hits of 7.5 metres grading 7.96 grams gold and 6.9 metres averaging 9.77 grams gold. Gold production for July was 8,770 oz., while the company expects to produce between 75,000 and 85,000 oz. in 2010. Avion’s share price was up 4¢ to close at 48¢.

San Gold Resources had big value gains, climbing 36¢ to $4.10 on 5.7 million shares traded. The company closed an $84.5-million short-form prospectus, including $4.5 million from an overallotment option. The funds will be used to further explore and develop on its Rice Lake gold project in southeastern Manitoba.

Shares of Harvest Gold jumped 4.5¢ or 45% to 14.5¢ on drill results from its Rosebud gold property in Pershing Cty., Nev. The first results from the company’s first phase drill program include 114.3 metres of 0.49 gram gold and 4.7 grams silver per tonne from 98 metres depth, and 35.1 metres of 0.82 gram gold and 238.1 grams silver from 316 metres downhole.

Atac Resources had an interesting week. The company first released results from the East zone of its Yukon-based Rau gold project that showed a number of non-mineralized holes. Two days later, on Aug. 5, it released strong infill results at Rau that included 58.9 metres of 8.7 grams gold and 38.8 metres averaging 17.11 grams gold, which pushed its share price up 25¢ to hit a high of $2.05. A day later, Atac announced the closing of a private placement and its shares dropped 11¢ to end at $1.94.

Canaco Resources released several drill results from its Magambazi gold project in Tanzania that extend known mineralization by 120 metres. The company’s stock price dropped 15¢ on the results before making modest recoveries to end down 4¢ or 2% at $1.95 on 4.7 million shares traded.

TSX-V most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Sidon Intl Res SD 16341 0.18 0.13 0.15 -0.02
Woulfe Mng WOF 9450 0.12 0.08 0.10 + 0.02
Kalahari Res KLA 9267 0.05 0.04 0.05 -0.01
Amador Gold AGX 7443 0.02 0.01 0.02 0.00
Terrane Metals TRX 7267 1.40 1.35 1.39 + 0.03
Encanto Potash EPO 5837 0.14 0.10 0.13 + 0.02
Avion Res AVR 5821 0.50 0.44 0.48 + 0.03
Creso Expl CXT 5778 0.86 0.66 0.82 + 0.12
San Gold Res SGR 5733 4.12 3.76 4.10 + 0.36
Copper Fox Mtl CUU 5604 0.37 0.28 0.35 + 0.07
TSX-V greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Golden Harp GHR 196 0.12 0.06 0.12 + 100.0
Tarsis Res TCC 1344 0.25 0.15 0.23 + 76.9
Westcan Uran WCU 269 0.16 0.11 0.16 + 60.0
Bold Vent BOL 389 0.28 0.18 0.28 + 55.5
Midasco Cap MGC 465 0.03 0.01 0.03 + 50.0
Crown Mnls CWM 111 0.09 0.07 0.09 + 50.0
VVC Expl VVC 279 0.17 0.12 0.17 + 41.6
Wildcat Expl WEL 1893 0.08 0.05 0.07 + 40.0
Harvest Gold HVG 2670 0.15 0.10 0.14 + 40.0
Macusani Yello YEL 923 0.29 0.20 0.25 + 38.8
Zeox ZOX 1723 0.05 0.03 0.04 -63.6
Randsburg Intl RGZ 38 0.05 0.04 0.04 -33.3
Luiri Gold LGL 87 0.11 0.10 0.11 -31.2
Lithic Res LTH 1633 0.10 0.06 0.07 -30.0
Cue Res CUE 245 0.06 0.05 0.05 -28.5
NorthernGldM NGM 1784 0.20 0.14 0.14 -26.3
Skyharbour Res SYH 3284 0.04 0.03 0.03 -25.0
Rochester Res RCT 535 0.12 0.09 0.09 -25.0
Challenger Dev CDQ 808 0.28 0.21 0.21 -25.0
Diamonds North DDN 701 0.22 0.17 0.18 -25.0
TSX-V greatest value change
WEEK
VOLUME CLOSE CHANGE
Bear Creek Mng BCM 1231913 4.03 + 0.38
San Gold Res SGR 5733141 4.10 + 0.36
Eurasian Minls EMX 78850 2.08 + 0.27
Quest Rare Mnl QRM 202723 2.89 + 0.26
Nor
ont Res
NOT 3602320 1.38 + 0.23
Brett Res BBR 187255 4.62 + 0.23
Esperanza Silv EPZ 202279 1.52 + 0.22
Edgewater Expl EDW 955606 1.18 + 0.22
AfricanAuraM AUR 10064 1.40 + 0.21
Anfield Nickel ANF 154795 3.20 + 0.20
East Asia Mnls EAS 3952042 5.02 -0.93
Tsodilo Res TSD 28550 1.51 -0.35
Clifton Star CFO 2374021 4.48 -0.34
Centurion Mnls CTN 84300 1.25 -0.15
Zimtu Capital ZC 37529 1.00 -0.15
James Bay Res JBR 71550 0.62 -0.12
Explor Res EXS 780194 0.35 -0.10
Western Troy C WRY 123155 0.25 -0.08
Kaminak Gold KAM 1294105 1.57 -0.08
Challenger Dev CDQ 807600 0.21 -0.07
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