TSX Venture Exchange -January 12-18

It was an up-and-down week for the S&P TSX Venture Composite Index over the Jan. 12-18 trading period, with gains almost cancelling losses to leave the board down 3 points at 1606. Daily trading volumes remained strong, averaging 124 million.

Despite a slight overall loss in points, seven times as many Venture-listed companies reached new share price highs over the period as fell to new lows. Specifically, 141 juniors climbed to new 52-week peaks while 19 fell to new lows.

Partners CBR Gold and Heatherdale Resources gained on well-mineralized volcanogenic massive sulphide intercepts from their Niblack project in southeast Alaska. The best result came from hole 33A, which cut 55 metres grading 2.52% copper, 4.53 grams gold per tonne, 4.68% zinc, and 105 grams silver per tonne. CBR added 7¢ to close at 79¢ while Heatherdale gained 16¢ to reach $1.80.

Rainy River Resources also rose on the back of strong drilling news. A hole into the new Beaver Pond zone at the company’s namesake project in northwestern Ontario returned 51 metres grading 42.5 grams gold, while an infill hole in the 433 zone cut 1.5 metres carrying 436 grams gold. The company’s share price climbed 94¢ on the news to close at $5.26, a new high.

Drills probing the high-grade zone below the shallow defined resource at Premium Exploration’s Friday-Petsite project in central Idaho returned some promising intercepts, including 2.66 grams gold over 198 metres and 2.94 grams gold over 73.5 metres. In addition, a dike separating the shallow resource into two zones seems to disappear at depth, creating a continuous zone. Premium’s share price gained 10¢ to hit 54¢.

Victoria Gold also gained on drilling news. A 284-metre intercept starting from surface and grading 2.5 grams gold from the Santa Fe project in Nevada lifted the company’s share price 9¢ to 86¢. Victoria is earning a 70% interest in Santa Fe from Barrick subsidiary Homestake Mining by spending $6.5 million on exploration over six years.

News of a deal to buy the Kayapa copper-gold porphyry project in the Philippines sent Crazy Horse Resources’ share price on a crazy climb, gaining 87.5¢ in a day to close at $1.25. For 6 million shares Crazy Horse will be getting an 8,500-hectare, road-accessible property with a zone of quartz diorite porphyry stock covering 7 sq. km. Historical drilling has returned promising copper oxide intercepts.

Investor confidence is returning to South African platinum group metals (PGM) producer Anooraq Resources. In mid-2009 Anooraq purchased 51% of the Bokoni PGM mines from Anglo Platinum for $385 million. The company used a $105-million debt facility to complete the purchase and recently managed to syndicate that debt, moving 35% to another bank. Anooraq’s share price has gained 73¢ or 81% since the beginning of January to reach $1.63.

And Apoquindo Minerals’ first hole of the season into the Zafranal project boosted its share price 16¢ to $1.03. The hole returned 112 metres grading 0.79% copper.

TSX-V most active issues
	VOLUME		WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
RomarcoMnrls R	15363	1.60	1.43	1.51	-0.05
Premium Expl PEM	13187	0.67	0.42	0.54	+ 0.10
Bonaventure En BVT	12850	0.04	0.01	0.03	0.00
Westar Res WER	10449	0.09	0.06	0.08	+ 0.02
Victoria Gold VIT	10250	0.90	0.75	0.86	+ 0.09
MacDonald Mns BMK	10215	0.25	0.14	0.19	+ 0.04
Avion Res AVR	9462	0.74	0.67	0.73	0.00
Playfair Mng PLY	8385	0.17	0.08	0.13	+ 0.06
Canaco Res CAN	7914	0.75	0.59	0.72	+ 0.09
Appleton Expl AEX	7505	0.29	0.22	0.26	+ 0.03

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Crazy Horse Rs	CZH	1707	1.75	0.50	1.15	+210.8
Strategic Res	UVR	5312	0.08	0.05	0.07	+133.3
Silver Spruce	SSE	3825	0.15	0.06	0.14	+100.0
Teuton Res	TUO	3819	0.46	0.25	0.38	+ 90.0
Freeport Res	FRI	11	0.15	0.10	0.15	+ 87.5
Playfair Mng	PLY	8385	0.17	0.08	0.13	+ 85.7
Reunion Gold	RGD	134	0.17	0.11	0.16	+ 77.7
OroAndes Res	OAR	176	0.12	0.08	0.12	+ 71.4
Module Res	MLE	886	0.14	0.09	0.10	+ 66.6
Teslin Rvr Res	TLR	190	0.12	0.07	0.11	+ 57.1
Caerus Res	CA	1903	0.42	0.20	0.23	-45.2
Verbina Res	VUR	15	0.20	0.16	0.16	-36.0
Dalton Res Ltd	DAL	20	0.20	0.14	0.14	-33.3
Ross River Mnl	RRM	1382	0.05	0.04	0.04	-33.3
Bison Gold Res	BGE	410	0.30	0.17	0.17	-32.0
Santa Fe Metls	SFM	10	0.08	0.08	0.08	-27.2
Castle Res	CRI	36	0.12	0.08	0.08	-27.2
Decade Res	DEC	1223	0.33	0.25	0.25	-26.4
Metropolitn Mg	MNZ	30	0.14	0.14	0.14	-26.3
Dajin Res	DJI	173	0.22	0.17	0.17	-26.0

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Rainy River Rs	RR	3277846	5.26	+ 0.96
CrazyHorseRs	CZH	1706821	1.15	+ 0.78
Anooraq Res	ARQ	927391	1.63	+ 0.30
Brett Res	BBR	2225147	2.29	+ 0.23
Bridgeport Ven	BPV	183998	2.30	+ 0.20
Lions Gate Mtl	LGM	65441	1.20	+ 0.20
Teuton Res	TUO	3819445	0.38	+ 0.18
Amazon Mng	AMZ	916924	2.81	+ 0.16
HeatherdaleRs	HTR	452105	1.80	+ 0.16
Apoquindo Mnls	AQM	558841	1.03	+ 0.16
Chesapeake Gld	CKG	116567	8.10	-0.71
Maudore Minls	MAO	89880	4.20	-0.43
Quest Uranium	QUC	840625	3.13	-0.35
Bear Creek Mng	BCM	298317	4.03	-0.25
Fortuna Silver	FVI	1843636	2.66	-0.22
Hudson Res	HUD	1668895	0.91	-0.22
Kootenay Gold	KTN	980810	0.99	-0.21
Goldsource Min	GXS	216346	1.95	-0.20
Caerus Res	CA	1903178	0.23	-0.19
Mansfld Mnrls	MDR	202624	1.06	-0.19