TSX VENTURE EXCHANGE -AUGUST 9-13

The S&P/TSX Venture composite index fell slightly over the Aug. 9-13 trading week, ending down 8.44 points to close at 1,457.05, after two days of losses outweighed three days of gains. The daily trading volume average was roughly the same as last week at 74 million.

The bears-versus-bulls balance improved slightly, but still remains skewed with 31 Venture-listed companies hitting new highs while 159 hit new lows.

A single hole extension sent Creso Exploration stocks into a frenzy with more than 12 million shares traded. The single assay result from hole 1 at its Minto gold project in northeastern Ontario returned 82.5 metres grading 13.3 grams gold per tonne uncut (11 grams gold cut at 31.1 grams) from 509 metres depth, including 8.3 metres averaging 35.2 grams gold. The result indicates a deeper area of significant gold mineralization than previous holes. Its shares were up 5¢ to close at 87¢.

Kaminak Gold had a breakout week, jumping 92¢ in four days before dropping 19¢ to end at an all-time high of $2.30 on 4.3 million shares traded. Kaminak released the latest results from its Coffee gold project that included several high-grade intercepts and newly identified targets from sampling. Results included 35 metres grading 6.3 grams gold on the Double Double zone. It was trading as low as 33¢ a year ago.

Maudore Minerals saw strong gains after releasing an updated resource for its Comtois gold project near Val d’Or, Que. The new inferred estimate more than doubles the contained gold after the company factored in deeper drilling and lowered the grade cutoff because of higher gold prices. From surface to 150 metres depth, the resource contains 4.89 million inferred tonnes of 3.2 grams gold. Below that, sits a further 3.25 million inferred tonnes of 6.8 grams gold, bringing the total to 1.2 million contained ounces. The company’s stock price rose 62¢ to $4.22 on 89,000 shares traded in the three days following the resource news.

Probe Mines stock price doubled after news broke that it and joint-venture partner Noront Resources will split their property in northern Ontario’s “Ring of Fire.” The two had become joint-venture partners in early 2009 as a solution to a dispute about property ownership from an earlier joint venture. Noront will get properties around its Eagle’s Nest nickel-copper deposit while Probe will retain the Black Creek chromite deposit. Probe Mines’ stock price jumped 35¢ to 70¢.

Avion Gold, active in Mali, had 5.6 million shares traded to end up 6¢ at 54¢, after releasing July production numbers. Avion produced roughly 8,770 oz. gold in July from its Tabakoto/Segala operations and expects to produce a total of 46,700 oz. this year. The company awarded a contract to double plant throughput to 4,000 tonnes per day with an expected completion in 2012.

TSX-V most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Goldeye Expl	GGY	25247	0.14	0.10	0.12	+ 0.02
Creso Expl	CXT	12021	1.00	0.76	0.87	+ 0.05
Axmin Inc	AXM	9148	0.12	0.09	0.09	0.00
Rusoro Mng	RML	6989	0.22	0.17	0.20	+ 0.01
Slam Exploratn	SXL	6634	0.14	0.11	0.12	+ 0.02
Avion Res	AVR	6229	0.58	0.47	0.54	+ 0.06
Rocmec Mining	RMI	6229	0.05	0.03	0.04	+ 0.02
Sidon Intl Res	SD	5392	0.16	0.13	0.16	+ 0.01
Great Western	GWG	5323	0.25	0.20	0.23	+ 0.05
Helio Res	HRC	5236	0.35	0.30	0.30	-0.05

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Alix Res	AIX	23	0.20	0.15	0.17	+ 750.0
Probe Mines	PRB	2659	0.76	0.39	0.70	+ 100.0
Rocmec Mining	RMI	6229	0.05	0.03	0.04	+ 100.0
Goldbank Mng	GLB	23	0.19	0.16	0.17	+ 88.8
Kingsman Res	KSM	1136	0.09	0.05	0.07	+ 75.0
Silvermet	SYI	1088	0.12	0.09	0.12	+ 71.4
Logan Res	LGR	201	0.07	0.05	0.05	+ 66.6
Savant Expl	SVT	361	0.10	0.08	0.10	+ 66.6
Zinco Mng	ZIM	14	0.24	0.24	0.24	+ 60.0
Brigadier Gold	BRG	29	0.19	0.12	0.19	+ 58.3
Cobalt Coal	CBT	3104	0.08	0.04	0.05	-44.4
Millstream Min	MLM	220	0.04	0.03	0.03	-40.0
Pinestar Gold	PNS	31	0.05	0.05	0.05	-37.5
Cypress Dev	CYP	3485	0.10	0.07	0.07	-36.3
Cascadero Copp	CCD	101	0.12	0.10	0.10	-33.3
NMC Res	NRC	70	0.14	0.11	0.11	-31.2
Manitou Gold	MTU	50	0.37	0.32	0.32	-30.4
SouthernAndE	SUR	50	0.21	0.17	0.17	-29.1
Intl Samuel Ex	ISS	18	0.20	0.17	0.17	-29.1
Golden Alli Rs	GLL	106	0.78	0.55	0.59	-28.9

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Kaminak Gold	KAM	4278475	2.30	+ 0.73
Maudore Minls	MAO	226300	4.22	+ 0.73
Bear Creek Mng	BCM	687554	4.40	+ 0.37
Probe Mines	PRB	2659010	0.70	+ 0.35
Universal Powr	UNX	2801304	2.39	+ 0.29
Great Quest Me	GQ	1588641	1.31	+ 0.27
Antares Minls	ANM	670685	3.07	+ 0.24
Canaco Res	CAN	2550099	2.15	+ 0.20
Amazon Mng	AMZ	706723	2.20	+ 0.20
Aldridge Minls	AGM	89750	0.93	+ 0.18
Golden Alli Rs	GLL	106350	0.59	-0.24
Rainy River Rs	RR	2867620	5.90	-0.22
Grayd Res	GYD	93250	0.80	-0.15
Manitou Gold	MTU	50000	0.32	-0.14
Anooraq Res	ARQ	165100	0.98	-0.13
Alderon Res	ADV	268550	1.36	-0.13
Lithium One	LI	434717	0.96	-0.12
Macarthur Mnl	MMS	45500	1.75	-0.12
Corex Gold	CGE	180450	0.58	-0.10
Galway Res	GWY	742708	0.69	-0.10