TSX VENTURE EXCHANGE -MARCH 16-22

The S&P/TSX Venture composite index lost ground four of five days over March 16-22 to end the week down 6.92 points at 1554.59. Daily trading volumes remained strong over the week, averaging 116 million.

The Venture board’s bulls beat out its bears during the third week of March, as 68 junior companies reached new 52-week share price highs while 61 fell to new lows.

The volume leader for the week was Eagle Hill Exploration, which moved 50 million of its 55 million outstanding shares to end the period down 8¢ at 38¢. The company is exploring the Windfall Lake property in the Abitibi belt of northern Quebec and has hit some impressive gold grades in its first few holes. Eagle Hill released full results for hole 196, which returned 14.2 grams gold per tonne over 52 metres. The company had released partial results earlier.

The tale of Brett Resources is coming to an end, as Osisko Mining offered to acquire the junior in an all-share deal. Brett’s board is recommending shareholders tender to the Osisko offer, which would exchange each Brett share for 0.34 of an Osisko share to value the junior at $308 million, excluding cash on hand. The takeover is aimed at acquiring Brett’s Hammond Reed project in Ontario, home to 6.7 million inferred oz. gold in an openpittable deposit that remains open along strike and at depth. Brett’s share price gained 92¢ on the news to reach a new high of $2.82.

On the back of yet another set of promising drill results from Indonesia, East Asia Minerals continued its spectacular share price climb, closing as high as $5.48 mid-week before settling slightly to $5.13. The Miwah Main zone returned 157 metres grading 1.36 grams gold in hole 21, which terminated in mineralization.

Kinross Gold’s bid to buy Underworld Resources added yet another spark to the firestorm of interest in the Yukon’s White Gold district and Kaminak Gold is profiting nicely from the area play. Kaminak’s Coffee property is just south of Underworld’s land and, despite releasing only limited sampling and trenching results, the company’s share price has climbed to the $1 range from just 10¢ a year ago.

A positive prefeasibility study for the Lindero gold project in Salta province, Argentina, lifted Mansfield Minerals to a new 52-week share price high of $1.75. The study found Lindero could support an open-pit, heap-leach operation for 10 years, recovering an average of 143,000 oz. gold annually. Lindero is home to 101 million proven and probable tonnes grading 0.59 gram gold for 1.92 million oz. gold.

It has been a busy year so far for Prophecy Resources -the junior announced a merger with Red Hill Energy in January, a nickel-copper resource at its Lynn Lake project in Manitoba in February, and a vanadium-titanium resource at its Titan project in Ontario in March. And investors have rewarded the company for its efforts, lifting its share price to a new high every week. In the third week of March, Prophecy reached $1, from less than 10¢ in late 2009.

TSX-V most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Eagle Hill Exp	EAG	50092	0.62	0.37	0.38	-0.08
Great Western	GWG	27421	0.21	0.17	0.19	0.00
Spider Res	SPQ	27131	0.15	0.09	0.12	-0.02
Searchgold Res	RSG	22542	0.09	0.04	0.07	+ 0.03
KWG Res	KWG	22467	0.14	0.09	0.12	-0.02
Brett Res	BBR	15363	2.87	1.90	2.82	+ 0.92
Gold Bulln Dev	GBB	14927	0.31	0.21	0.28	+ 0.05
Yankee Hat Ind	KHT	11609	0.08	0.05	0.07	+ 0.01
Avion Res	AVR	9617	0.75	0.66	0.72	-0.02
Medoro Res	MRS	8879	0.62	0.52	0.57	-0.04

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Belmont Res	BEA	4960	0.12	0.05	0.09	+125.0
Eloro Minls	ELO	5553	0.22	0.12	0.20	+122.2
Strike Minls	STK	5422	0.09	0.04	0.08	+100.0
Horseshoe Gld	HSX	443	0.09	0.06	0.09	+ 80.0
Searchgold Res	RSG	22542	0.09	0.04	0.07	+ 75.0
Typhoon Expl	TYP	1979	0.39	0.20	0.38	+ 72.7
Terrax Minls	TXR	718	0.49	0.17	0.34	+ 70.0
Harte Res	HRT	970	0.14	0.10	0.13	+ 62.5
Diadem Res	DRL	1196	0.09	0.05	0.08	+ 60.0
Golden Alli Rs	GLL	104	0.50	0.30	0.50	+ 56.2
Calypso Uran	CLP	13	0.10	0.10	0.10	-37.5
Savant Expl	SVT	218	0.09	0.06	0.08	-33.3
Westcan Uran	WCU	148	0.03	0.01	0.02	-33.3
GoldenDoryRs	GDR	132	0.14	0.11	0.12	-33.3
Sea Green Cap	SGS	13	0.02	0.02	0.02	-33.3
Palladon Vent	PLL	1690	0.07	0.05	0.06	-33.3
Icon Industrs	ICN	337	0.19	0.12	0.13	-31.5
Solid Res	SRW	200	0.36	0.20	0.26	-31.5
Senator Minls	SNR	765	0.08	0.05	0.05	-28.5
Pan Am Lithium	PL	1804	0.82	0.57	0.58	-27.5

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TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Brett Res	BBR	15362891	2.82	+ 0.92
Pac Booker Min	BKM	20455	7.28	+ 0.53
Quest Uranium	QUC	1824987	2.89
Macarthur Mnl	MMS	289500	1.80	+ 0.27
Eurasian Minls	EMX	348924	2.26	+ 0.23
Prophecy Res	PCY	1560917	0.88	+ 0.22
Rocky Mtn Res	RKY	127800	0.69	+ 0.19
Colombian Mins	CMJ	2156876	1.38	+ 0.19
Golden Alli Rs	GLL	104285	0.50	+ 0.18
Red Hill Engy	RH	4732739	0.62	+ 0.18
Clifton Star	CFO	300803	7.25	-0.40
HeatherdaleRs	HTR	549290	1.39	-0.31
Tsodilo Res	TSD	281067	2.06	-0.26
Bridgeport Ven	BPV	43880	2.25	-0.25
Pan Am Lithium	PL	1803885	0.58	-0.22
Alderon Res	ADV	124010	2.40	-0.20
Bear Creek Mng	BCM	292863	3.95	-0.16
Hana Mng	HMG	1042306	1.74	-0.16
Tiger Intl	TGR	18649	0.40	-0.15
Rainy River Rs	RR	873888	5.00	-0.13