TSX VENTURE EXCHANGE -July 12-16

The S&P/TSX Venture composite index remained largely on positive ground over the July 12-16 trading period to end the week up 9.94 points at 1,379.49. Daily trading volumes were also slightly up, averaging 85.4 million.

But the bears still outpaced the bulls in the second trading week of July: only 13 Venturelisted companies reached new 52-week share price highs while 209 fell to new lows.

Terrane Metals was the far-and-away leader on the volume board after news broke that molybdenum miner Thompson Creek Metals is set to buy the junior in a cash-and-stock deal worth $650 million, to get its hands on the construction-ready Mt. Milligan copper-gold project near Prince George, B.C. Goldcorp holds 58% of Terrane and voiced its approval for the deal, which still needs a go-ahead from Terrane shareholders. In addition, Thompson Creek lined up a gold stream deal with Royal Gold for 25% of the future production from Mt. Milligan. Terrane moved 74 million shares on the news to gain 32¢, reaching $1.35 apiece.

Another junior having a good week was Canaco Resources, which gained 63¢ or 68% to reach $1.56, a new all-time high. The company is exploring its Handeni gold project in Tanzania and recent drilling returned one whopper intercept: 37 metres grading 12.45 grams gold per tonne. The high-grade hit came from the northernmost section drilled at the project to date. Other parts of the zone produced lower-grade intercepts such as 30 metres of 1.64 grams gold.

Also in Tanzania, Sidon Resources received approval from the Venture Exchange for its deal to acquire 80% of the Morogoro East gold project in that country. The approval alone was enough to lift Sidon’s share price from 6¢ to 10¢ on 9 million trades.

News of a new drill program at its flagship Roughrider uranium deposit in Saskatchewan coupled with increased rumblings of a long-awaited recovery in the uranium market lifted Hathor Resources’ share price by 18¢ over the week to close at $1.61. The recent drill program at Roughrider returned such intercepts as 7.5 metres of 43.6% U3 O8 and 26.5 metres of 3.55% U3O8, with many hits bridging gaps between zones or proving mineralization in deposit areas previously considered barren.

Taking advantage of a share price strengthened by good gold hits at its Coffee project in the Yukon, Kaminak Gold announced a $10-million bought-deal financing. Soon after, the company increased the overallotment allowance, which if fully exercised will now raise the gross proceeds to $14.5 million.

In contrast, San Gold saw its share price fall 23¢ to $3.88 after announcing a $130-million bought-deal financing and then, a day later on July 14, reduced the offer to $80 million. The financing share price remained unchanged at $4 per share, as did the syndicate of underwriters.

TSX-V most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Terrane Metals TRX 73798 1.38 1.01 1.35 + 0.32
Sidon Intl Res SD 29674 0.12 0.06 0.10 + 0.02
Canaco Res CAN 26361 1.79 1.05 1.56 + 0.63
Fortress Mnls FST 12106 0.13 0.10 0.11 -0.02
Canadn Arrow CRO 11032 0.04 0.03 0.03 -0.02
Creso Expl CXT 9373 0.50 0.29 0.49 + 0.18
KWG Res KWG 8743 0.13 0.12 0.12 0.00
Woulfe Mng WOF 8639 0.10 0.08 0.09 + 0.01
Calibre Mng CXB 6980 0.12 0.10 0.12 0.00
Spider Res SPQ 6637 0.19 0.19 0.19 0.00
TSX-V greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Pac Coast Nikl NKL 1726 0.08 0.04 0.05 + 400.0
Tanqueray Res TQY 275 0.02 0.01 0.02 + 100.0
Mazorro Res MZO 171 0.14 0.08 0.14 + 75.0
Canaco Res CAN 26361 1.79 1.05 1.56 + 67.7
NMC Res NRC 197 0.20 0.13 0.20 + 66.6
Creso Expl CXT 9373 0.50 0.29 0.49 + 58.0
Z-Gold Expl ZGG 539 0.24 0.13 0.17 + 54.5
Firesteel Res FTR 52 0.09 0.08 0.09 + 50.0
Cangold CLD 1002 0.04 0.03 0.03 + 50.0
Star Uranium SUV 25 0.04 0.03 0.03 + 50.0
Merit Mng MEM 12 0.89 0.62 0.62 -57.2
Canadn Arrow CRO 11032 0.04 0.03 0.03 -40.0
Vangold Res VAN 67 0.20 0.14 0.14 -39.1
AndeanGold AAU 13 0.18 0.13 0.13 -35.0
Eureka Res EUK 40 0.06 0.06 0.06 -33.3
Volcanic Mtls VOL 123 0.15 0.13 0.14 -33.3
Zinco Mng ZIM 43 0.20 0.20 0.20 -33.3
Nanika Res NKA 282 0.05 0.04 0.05 -28.5
Laurion Mnl Ex LME 357 0.06 0.05 0.05 -28.5
Los Andes Copp LA 30 0.12 0.09 0.12 -25.0

TSX-V greatest value change
WEEK
VOLUME CLOSE CHANGE
Canaco Res CAN 26361380 1.56 + 0.63
Tsodilo Res TSD 360497 1.67 + 0.44
Centurion Mnls CTN 275032 1.69 + 0.43
Terrane Metals TRX 73798201 1.35 + 0.32
Brett Res BBR 313837 3.99 + 0.24
St Elias Mns SLI 511313 1.47 + 0.23
Ascot Res AOT 651233 0.88 + 0.18
Hathor Expl HAT 1106071 1.61 + 0.18
Creso Expl CXT 9372902 0.49 + 0.18
Salazar Res SRL 260024 1.16 + 0.18
Merit Mng MEM 11630 0.62 -0.83
RareElemntRs RES 283924 2.41 -0.27
San Gold Res SGR 5780519 3.88 -0.23
Bear Creek Mng BCM 2586673 3.80 -0.19
East Asia Mnls EAS 596545 5.76 -0.19
Eurasian Minls EMX 99008 1.87 -0.17
Rainy River Rs RR 5305254 5.95 -0.13
Titanium Corp TIC 144445 1.35 -0.13
Dundarave Res DDX 81500 0.52 -0.12
Colombian Mins CMJ 240550 0.68 -0.12
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