TSX VENTURE EXCHANGE MAY 20-26

The TSX Venture Composite Index surged 4% over the May 20-26 trading period, rising 107.43 points to 2,718.75.

SouthGobi Energy Resources, which has thermal and metallurgical coal projects in Mongolia, was the biggest gainer over the period, up $4.30 to $18.20, on a relatively low trading volume of 49,000 shares.

Canplats Resources gained $1.20 per share to close the period at $44.62 on a volume of 28.5 million shares traded. The company released assay results from reversecirculation drilling at its Camino Rojo project, in Mexico, that included 222 metres grading 0.85 gram gold per tonne, 19.27 grams silver, 0.28% lead and 0.5% zinc. Another hole returned 186 metres averaging 1.07 grams gold, 14.97 grams silver, 0.26% lead and 0.63% zinc.

The greatest percentage gainer over the period was Trigon Uranium after it bought a 50% stake in privately held International Potash Corp., based in Canada. Trigon shares rose almost 119% to 35 each. International Potash holds 100% of Colorado-based U. S. Potash Corp., which holds interests in the United States Department of the Interior’s prospecting permit applications, and in various state potash exploration leases

.A deal with Russian steelmaker Severstal’s Dutch subsidiary, Lybica Holding, pushed Mano River Resources shares 82% higher over the week. Liberia-focused Mano agreed to sell 61.5% of its Putu Range iron ore deposit for US$37.5 million. Lybica will also acquire a 6.29% stake in Mano following a private placement for up to US$4 million but first Lybica will provide Mano’s subsidiary with a loan of up to US$15 million.

Odyssey Resources shares fell nearly 45% to 21 each, making the company the top loser by percentage value. Odyssey, which has copper-silver exploration properties in Morocco, announced plans to do a nonbrokered private placement for 25 per share for up to $4.5 million. The funds will be used to pay off its outstanding $530,000 debt to Dundee Resources and for general corporate purposes.

North American Gem was the volume leader over the period with 49.5 million shares traded, though the share price remained unchanged at 26 each.

Metalex Ventures’ stock was up 24 to 36 over the period on a volume of 21.2 million shares. The company found a third diatreme at its diamond project in Angola, which has yet to be analyzed for diamonds. Four diatremes at the project were pitted or augured last year and confirmed as kimberlites. The company’s joint-venture property in the James Bay lowlands, near Noront Resources’ Double Eagle deposit, also produced some positive results over the period. The first drill hole at the project, where Metalex is partnered with WSR Gold and Arctic Star Diamond, intersected massive sulphides between 78 and 90 metres depth containing significant amounts of phyrrhotite, pyrite and chalcopyrite.

TSX-V most active issues
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
North Am Gem	NAG	49510	0.35	0.22	0.26	0.00
Vast Expl	VST	36919	0.95	0.33	0.66	+ 0.33
Metalex Vent	MTX	21181	0.46	0.20	0.36	+ 0.14
Yukon Zinc	YZC	19098	0.22	0.21	0.21	0.00
Peak Gold	PIK	16889	0.90	0.82	0.85	+ 0.02
San Gold Res	SGR	15879	1.68	1.25	1.62	+ 0.33
Gravity West	GRW	13388	0.10	0.05	0.08	+ 0.01
VMS Vent	VMS	13195	0.78	0.51	0.66	+ 0.13
Hawkeye Gold	HKO	12168	0.06	0.04	0.05	+ 0.01
Hathor Expl	HAT	10910	3.55	2.60	3.40	+ 0.64

TSX-V greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Trigon Uran	TEL	4083	0.38	0.16	0.35	+118.7
Vast Expl	VST	36919	0.95	0.33	0.66	+100.0
Mano River Res	MNO	614	0.41	0.27	0.31	+ 82.3
Fortress Base	FBM	226	1.09	0.67	1.09	+ 81.6
Petromin Res	PTR	1091	0.45	0.21	0.41	+ 78.2
Getty Copper	GTC	854	0.12	0.08	0.12	+ 71.4
Adventure Gold	AGE	60	0.25	0.18	0.22	+ 69.2
Sego Res	SGZ	60	0.29	0.18	0.18	+ 63.6
Metalex Vent	MTX	21181	0.46	0.20	0.36	+ 63.6
Brigadier Gold	BRG	196	0.08	0.05	0.08	+ 60.0
Odyssey Res	ODX	30	0.25	0.21	0.21	-44.7
Britannica Res	BRR	90	0.16	0.11	0.11	-38.8
Pro Minerals	PRM	128	0.08	0.05	0.05	-37.5
Golden Arch	GAI	96	0.05	0.04	0.05	-37.5
New Horizon Ur	NHU	14	0.20	0.18	0.18	-33.3
St Eugene Mng	SEM	28	0.09	0.07	0.07	-30.0
Logan Res	LGR	343	0.14	0.10	0.10	-28.5
Telkwa Gold	TKW	35	0.09	0.08	0.08	-27.2
Aranka Gold	ARK	52	1.40	1.00	1.02	-27.1
Intl Kirkland	IKI	741	0.20	0.03	0.14	-26.3

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
SouthGobi Engy	SGQ	49158	18.20	+ 4.30
Canplats Res	CPQ	2849073	4.62	+ 1.20
Pan Oce Exp	POE	1445777	13.02	+ 0.75 < /td>
Seabridge Gold	SEA	25279	23.50	+ 0.74
Hathor Expl	HAT	10909772	3.40	+ 0.64
Altai Res	ATI	2360036	2.36	+ 0.54
Maudore Minls	MAO	220865	2.38	+ 0.51
Fortress Base	FBM	226026	1.09	+ 0.49
Belvedere Res	BEL	213500	1.60	+ 0.44
Academy Vent	ACV	177540	2.13	+ 0.43
Pac Booker Min	BKM	15150	7.92	-0.47
Aranka Gold	ARK	52100	1.02	-0.38
McChip Res	MCS	15900	2.90	-0.34
Whitemud Res	WMK	40235	7.00	-0.30
Exeter Res	XRC	334706	4.30	-0.29
Digger Res	DIG	104300	2.15	-0.26
Bear Creek Mng	BCM	202730	7.10	-0.25
Oromin Expl	OLE	137271	2.36	-0.24
Rainy River Rs	RR	348616	4.05	-0.21
Gobimin	GMN	301950	2.49	-0.21