TSX VENTURE EXCHANGE MARCH 9-15

A week of small gains and losses left the S&P/TSX Venture composite index essentially unchanged at the end of the March 9-15 trading period, closing down 0.42 point at 1561.51. Daily trading volumes remained strong, averaging 122 million.

The board’s neutrality even extended into the bears-versus-bulls competition, as an equal number of juniors — 58 — reached new 52-week share price highs and fell to new lows.

The volume leader and one of the biggest gainers for the week was Eagle Hill Exploration, which announced results from its first drill hole at the Windfall Lake project in Quebec. Hole 196 cut 33 metres grading 19.61 grams gold per tonne from 254 metres depth. The company also assayed untested core left behind by previous owner Noront Resources, which returned such intercepts as 1 metre of 64 grams gold and 21.4 metres of 5.95 grams gold. Eagle Hill moved 63 million shares — more than its outstanding count — to almost triple its share price, adding 31.5¢ to reach 46¢.

The White Gold discovery spawned a new name for the surrounding region in the Yukon and now it has spawned a $139.2-million takeover bid from Kinross Gold. Underworld Resources saw its share price jump 64¢ or 33% in a day to reach a new all-time high of $2.57 on news of a merger deal with Kinross that, if approved, will see the major exchange each Underworld share for 0.141 of a Kinross share plus 1¢ in cash. Underworld’s White Gold project, in what is now known as the White Gold district in the central Yukon, is home to a 1-million-indicated-oz., open-pit-table gold deposit that remains open and prospective in all directions.

Results from another exciting gold discovery, this one in Indonesia, also lifted East Asia Minerals’ share price to a new all-time high. The Miwah gold project in Aceh province seems to return gold in every drill core; the latest results include 157 metres grading 1.36 grams gold and 81 metres of 4.1 grams gold. East Asia gained 38¢ in a day to reach $5.17.

A resource estimate for the Titan vanadium project in Ontario lifted Prophecy Resource’s share price 8¢ to 66¢. Titan is now home to 49 million inferred tonnes grading 0.24% vanadium, 14.82% titanium dioxide and 48.09% iron oxide. Vanadium is a contender for use in electric car batteries and currently sells for roughly US$13 per lb.

Riding results from the end of the previous week Eurasian Minerals gained a healthy 23¢ over the period to reach $2.03. The company is exploring its Grand Bois project in Haiti, where drills recently returned 12 metres grading 20.24 grams gold and 30.4 metres of 6.76 grams gold, and its Akarca project in Turkey, where drills hit 18 metres of 1.14 grams gold and 7.3 metres of 3.22 grams gold.

Canadian Orebodies enjoyed a spot on the most-active list as it released encouraging grab sample results from its lithium and rare metals properties near Kirkland Lake and Thunder Bay, Ont.

TSX-V most active issues
	VOLUME		WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Eagle Hill Exp EAG	62678	0.49	0.14	0.46	+ 0.33
Spider Res SPQ	43454	0.15	0.06	0.14	+ 0.07
KWG Res KWG	33601	0.14	0.08	0.14	+ 0.04
Underworld Res UW	25113	2.62	1.75	2.51	+ 0.71
Cloudbreak Res CDB	15246	0.05	0.03	0.03	0.00
Hinterland Mtl HMI	14828	0.14	0.06	0.12	+ 0.03
Medoro Res MRS	13911	0.66	0.59	0.61	-0.01
Canadn OrebodsCO	12924	0.25	0.09	0.17	+ 0.09
ATW Gold ATW	12882	0.22	0.09	0.19	+ 0.04
Avion Res AVR	11251	0.74	0.64	0.74	+ 0.08

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Eagle Hill Exp	EAG	62678	0.49	0.14	0.46	+253.8
Canadn Orebods	CO	12924	0.25	0.09	0.17	+112.5
Ruby Red Res	RRX	180	0.08	0.05	0.08	+100.0
Spider Res	SPQ	43454	0.15	0.06	0.14	+100.0
Augyva Mng	AUV	1627	0.34	0.15	0.27	+ 92.8
Waseco Res	WRI	78	0.14	0.09	0.14	+ 75.0
Amseco Expl	AEL	1032	0.21	0.10	0.19	+ 72.7
Goldeye Expl	GGY	7028	0.12	0.06	0.12	+ 71.4
Taku Gold	TAK	713	0.24	0.13	0.22	+ 69.2
Majestic Gold	MJS	2329	0.05	0.05	0.05	+ 66.6
Canadn Shield	EXP	3215	1.03	0.48	0.61	-39.0
Anglo-Bomarc	ANB	25	0.12	0.08	0.08	-38.4
Garrison Intl	GAU	686	0.09	0.06	0.06	-33.3
C2C Gold	CCN	145	0.03	0.02	0.02	-33.3
Harte Res	HRT	639	0.12	0.08	0.08	-33.3
Luiri Gold	LGL	56	0.32	0.20	0.23	-30.3
Kenai Res	KAI	62	0.17	0.17	0.17	-29.1
Silver Shield	SSR	179	0.07	0.05	0.05	-28.5
Mirasol Res	MRZ	856	2.60	1.90	1.92	-27.0
Bison Gold Res	BGE	195	0.11	0.09	0.09	-25.0

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
East Asia Mnls	EAS	3487655	5.17	+ 0.87
Underworld Res	UW	25112521	2.51	+ 0.71
Pac Booker Min	BKM	16235	6.75	+ 0.65
Eagle Hill Exp	EAG	62678020	0.46	+ 0.33
Contintl Mnls	KMK	1737847	2.22	+ 0.24
Eurasian Minls	EMX	225427	2.03	+ 0.23
St Elias Mns	SLI	2686630	0.92	+ 0.22
Titanium Corp	TIC	419308	0.81	+ 0.21
Mansfld Mnrls	MDR	507912	1.65	+ 0.21
Minaurum Gold	MGG	1912800	0.82	+ 0.20
Mirasol Res	MRZ	855720	1.92	-0.71
Chesapeake Gld	CKG	105859	8.95	-0.47
Clifton Star	CFO	1094237	7.65	-0.45
Canadn Shield	EXP	3215491	0.61	-0.39
Quest Uranium	QUC	1054714	2.58	-0.29
Anfield Nickel	ANF	94185	2.51	-0.29
Anooraq Res	ARQ	177239	1.38	-0.22
Victoria Gold	VIT	6097269	0.82	-0.21
Hana Mng	HMG	1240553	1.90	-0.19
Hudson Res	HUD	1851491	0.81	-0.18