Investors in companies listed on the S&P/TSX Venture composite index continued their trading frenzy over the Dec. 15-17 reporting period, keeping daily volumes above 125 million trades. The board ended the short session down 3.93 points, at 1,421.15. With the year almost finished, the board remains up more than 100% from its low of 685 points last December.
In the three-day session, more than twice as many Venture-listed companies reached new 52-week share price highs as fell to new lows. Specifically, 52 juniors climbed to new highs, while 24 fell to new lows.
One of the companies reaching a new high was Rainy River Resources, which gained 46¢ to close at $4. Rainy River is exploring its namesake property, which is in Richardson Township, in northwestern Ontario, and recent drilling has returned significant results. Hole 406 cut 48 metres grading 4.29 grams gold per tonne in the main ODM zone, then traversed across to the 433 zone, where it hit 25.5 metres grading 6.04 grams gold.
The only news out of Atac Resources was a deal to sell a 50-sq.-km land package in the Dawson Range, in the Yukon, to Silver Quest Resources for $115,000. Nevertheless, Atac gained 13¢ to reach a new high of $1.46. Atac’s key project is the Rau gold discovery, which is also in the Yukon.
High-grade drill results from the Santa Lucia mining camp, part of the Royal Mines of Zacualpan in central Mexico, propelled Impact Silver up 15¢ to $1.17. Results included 466 grams silver per tonne over 3.2 metres and 278 grams silver over 6.3 metres, including 1,185 grams silver over 1 metre. One week earlier, the company announced a drill intercept at Santa Lucia of 1,078 grams silver over 3.3 metres.
A joint venture and private-placement deal with Goldcorp lifted Quaterra Resources’ share price 30¢ to $1.70. The two companies signed a letter of intent for a deal that would give Goldcorp the option to earn a 65% interest in any of Quaterra’s central Mexican properties, other than Nieves, by spending $2 million on exploration over two years and completing a feasibility study. Goldcorp is also investing $10 million in Quaterra over two years, starting with an immediate $4-million private placement.
Drill results also gave CBR Gold shares a nice lift. Underground drilling at the Niblack copper-gold-silver-zinc project on Prince of Wales Island, Alaska, returned such intercepts as 44 metres grading 2.25% copper, 3.01 grams gold, 5.52% zinc and 76 grams silver, and 9 metres of 4.19% copper, 5.18 grams gold, 13.85% zinc and 133 grams silver.
The news added 21¢ to CBR’s stock, which closed out at 76¢ per share.
And Underworld Resources gained 21¢ to reach $1.66 on news of another agreement with Shawn Ryan, the Yukon prospector who discovered Underworld’s exciting White Gold project.
Ryan is providing Underworld with another 646 claims in the White Gold district for $161,500 and 600,000 Underworld shares.
| TSX-V most active issues | ||||||
| VOLUME | WEEK | |||||
| (000s) | HIGH | LOW | CLOSE | CHANGE | ||
| Appleton Expl | AEX | 11775 | 0.25 | 0.17 | 0.19 | + 0.03 |
| Avion Res | AVR | 9742 | 0.50 | 0.43 | 0.46 | -0.01 |
| Canada Lithium | CLQ | 8412 | 0.47 | 0.39 | 0.41 | -0.02 |
| Svit Gold | SDP | 7629 | 0.19 | 0.15 | 0.17 | 0.00 |
| Freewest Res | FWR | 7250 | 0.97 | 0.96 | 0.97 | + 0.01 |
| Kodiak Expl | KXL | 7106 | 0.50 | 0.46 | 0.48 | -0.02 |
| Canaco Res | CAN | 6939 | 0.58 | 0.48 | 0.50 | -0.04 |
| Selwyn Res | SWN | 6483 | 0.30 | 0.22 | 0.25 | + 0.05 |
| Medoro Res | MRS | 6015 | 0.52 | 0.44 | 0.49 | 0.00 |
| Apella Res | APA | 5972 | 0.35 | 0.22 | 0.22 | 0.00 |
| TSX-V greatest percentage change | ||||||
| VOLUME | WEEK | |||||
| (000s) | HIGH | LOW | CLOSE | CHANGE | ||
| Firesteel Res | FTR | 30 | 0.10 | 0.08 | 0.10 | +100.0 |
| Ginguro Expl | GEG | 707 | 0.32 | 0.17 | 0.30 | + 76.4 |
| Ruby Red Res | RRX | 23 | 0.12 | 0.09 | 0.12 | + 50.0 |
| Probe Res | PBR | 1637 | 0.12 | 0.08 | 0.12 | + 50.0 |
| Intl PBX Vent | PBX | 1610 | 0.09 | 0.06 | 0.09 | + 50.0 |
| Lithic Res | LTH | 1871 | 0.32 | 0.19 | 0.28 | + 47.3 |
| Queensland Mnl | QML | 1730 | 0.15 | 0.06 | 0.10 | + 42.8 |
| CBR Gold | CBG | 1048 | 0.88 | 0.55 | 0.76 | + 38.1 |
| Condor Res | CN | 308 | 0.16 | 0.13 | 0.15 | + 36.3 |
| Canuc Res | CDA | 246 | 0.30 | 0.21 | 0.30 | + 36.3 |
| Proam Expl | PMX | 35 | 0.12 | 0.10 | 0.10 | -52.3 |
| Hansa Res | HRL | 123 | 0.10 | 0.08 | 0.09 | -40.0 |
| Animas Res | ANI | 1396 | 1.06 | 0.64 | 0.68 | -37.6 |
| Orsa Vent | ORN | 43 | 0.12 | 0.09 | 0.09 | -35.7 |
| Astorius Res | ASQ | 55 | 0.11 | 0.09 | 0.09 | -35.7 |
| Emerick Res | ERC | 266 | 0.30 | 0.25 | 0.26 | -35.0 |
| Santa Fe Metls | SFM | 50 | 0.09 | 0.09 | 0.09 | -30.7 |
| La Quinta Res | LAQ | 20 | 0.09 | 0.09 | 0.09 | -30.7 |
| Radisson Mng | RDS | 921 | 0.09 | 0.06 | 0.07 | -30.0 |
| St Eugene Mng | SEM | 330 | 0.07 | 0.05 | 0.05 | -28.5 |
| TSX-V greatest value change | ||||
| WEEK | ||||
| VOLUME | CLOSE | CHANGE | ||
| Rainy River Rs | RR | 1734574 | 4.00 | + 0.46 |
| Chesapeake Gld | CKG | 62248 | 7.25 | + 0.45 |
| Quaterra Res | QTA | 329600 | 1.70 | + 0.30 |
| CBR Gold | CBG | 1047861 | 0.76 | + 0.21 |
| Underworld Res | UW | 743349 | 1.66 | + 0.21 |
| Amazon Mng | AMZ | 580560 | 1.50 | + 0.16 |
| IMPACT Silver | IPT | 736938 | 1.17 | + 0.15 |
| Bridgeport Ven | BPV | 28300 | 1.80 | + 0.15 |
| Ginguro Expl | GEG | 707265 | 0.30 | + 0.13 |
| Energold Drill | EGD | 177714 | 2.60 | + 0.13 |
| Animas Res | ANI | 1395799 | 0.68 | -0.41 |
| Eurasian Minls | EMX | 240901 | 2.13 | -0.27 |
| East Asia Mnls | EAS | 4309993 | 3.61 | -0.22 |
| Contintl Mnls | KMK | 529262 | 2.02 | -0.20 |
| San Gold Res | SGR | 5845082 | 3.30 | -0.19 |
| Bear Creek Mng | BCM | 424723 | 3.87 | -0.18 |
| Canplats Res | CPQ | 1779792 | 3.15 | -0.14 |
| Emerick Res | ERC | 265762 | 0.26 | -0.14 |
| Metalex Vent | MTX | 22880 | 1.07 | -0.12 |
| Dorato Res | DRI | 926420 | 0.98 | -0.11 |
Be the first to comment on "TSX Venture Exchange -Dec. 15-17"