TSX VENTURE EXCHANGE MAY 27-JUNE 2

The TSX Venture Composite Index inched up 1.39 points over the May 27-June 2 trading period to close at 2,651.89.

X-Terra Resources topped two of the charts during the week: its stock surged 572% from 22 a share at the start of the session to $1.48 at the closing bell on June 2. The junior exploration company announced that the Ministry of Natural Resources had confirmed receipt of its application permits for more than 1,200 sq. km in the heart of the Quebec Utica-Barnett-like shale natural gas play in the St. Lawrence lowlands.

Altai Resources was the second-highest value gainer, rising $1.23 per share to $3.59 on no news. The company holds a land package in the Utica shale gas play in the St. Lawrence lowlands. The company raised $1.9 million in a private placement in May, following two private placements in April totalling $3.28 million.

The most actively traded stock during the session was Dumont Nickel, with 23.4 million shares trading hands on no news. It recently acquired a series of mineral properties in Alberta and Saskatchewan to explore and develop near-surface, metal-enriched black shale over a 3,356-sq.-km land position. Dumont says the black shale is enriched in uranium, molybdenum, nickel, vanadium, zinc, cadmium, cobalt, silver and gold. Dumont climbed 3 a share to 9.

Yukon Zinc was the second largest volume trader, with 22.3 million shares moving during the period on no news. The company, which owns the fully permitted silver-rich polymetallic Wolverine project in the Yukon, has agreed to a takeover by Jinduicheng Molybdenum Group, a Shanghai-traded molybdenum producer, and Northwest Nonferrous Investment, the government geological bureau for Shanxi state. Yukon Zinc shares remained unchanged, trading at 22 each.

Canasia Industriessaw 21.9 million shares change hands following news that its potash permit applications had received government approval. The permits cover 1,833 sq. km of lands prospective for potash on the Saskatchewan-Alberta border. Canasia’s shares rose 11 to 38 apiece.

Chesapeake Gold rose 55 to close at $6.88 on no news. The company’s major project is its 100%-owned Metates gold deposit in Mexico’s Durango state.

Majestic Gold, meanwhile, was up 85.7% to 13 per share. Majestic has two gold projects in China: Sawayaerdun, in the western region of Xinjiang province in the prolific Tian Shan gold belt, and Song Jiaguo, on the Jiaodong peninsula of Shandong province.

Among the stocks that did not fare as well was SouthGobi Energy Resources. South-Gobi, which has thermal and metallurgical coal projects in Mongolia, dropped $1.86 per share to close at $16.35.

Noront Resourcesalso lost value — falling $1.01 a share to close at $3.57. The company is focused on its significant nickel-copper-platinum-palladium discovery at the Double Eagle project in Ontario, and its Windfall Lake advanced gold project in Quebec.

TSX-V most active issues
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Dumont Nickel	DNI	23496	0.13	0.05	0.09	+ 0.03
Yukon Zinc	YZC	22308	0.22	0.21	0.22	0.00
Canasia Indust	CAJ	21995	0.40	0.25	0.38	+ 0.11
Silverstone Rs	SST	21111	2.83	2.50	2.65	-0.17
J. A. G. Mines	JML	10987	1.08	0.29	0.82	+ 0.44
VMS Vent	VMS	10937	0.92	0.64	0.74	+ 0.08
North Am Gem	NAG	9611	0.26	0.22	0.23	-0.03
Largo Res	LGO	9171	0.95	0.53	0.84	+ 0.24
Dia Bras Expl	DIB	8948	0.60	0.46	0.51	+ 0.05
Vast Expl	VST	8840	0.85	0.61	0.81	+ 0.15

TSX-V greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
X-Terra Res	XT	1814	2.05	0.22	1.48	+492.0
J. A. G. Mines	JML	10987	1.08	0.29	0.82	+115.7
Majestic Gold	MJS	5256	0.14	0.06	0.13	+ 85.7
Lysander Minls	LYM	892	0.38	0.20	0.35	+ 84.2
Avalanche Mnls	AVH	1844	0.25	0.12	0.22	+ 83.3
Ballad Gld & S	BGS	17	0.08	0.05	0.08	+ 60.0
Greencastle Rs	VGN	758	0.20	0.12	0.19	+ 58.3
Softrock Mnrl	SFT	402	0.11	0.06	0.11	+ 57.1
Troon Vent	TVN	484	1.10	0.75	1.07	+ 52.8
Altai Res	ATI	3310	3.95	1.79	3.59	+ 52.1
Uranium Bay Rs	UBR	461	0.11	0.07	0.11	-42.1
Lakewood Mng	LKW	21	0.08	0.05	0.05	-37.5
Chilean Gold	CHN	219	0.61	0.42	0.44	-35.2
Resolve Vent	RSV	20	0.15	0.12	0.12	-33.3
Petromin Res	PTR	654	0.42	0.25	0.28	-33.3
Prominex Res	PXR	178	0.16	0.12	0.12	-33.3
Mano River Res	MNO	645	0.26	0.19	0.21	-32.2
Yale Res	YLL	495	0.26	0.17	0.19	-32.1
Salazar Res	SRL	18	0.63	0.52	0.53	-32.0
Britannica Res	BRR	155	0.15	0.11	0.13	-31.5

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
X-Terra Res	XT	1813890	1.48	+ 1.23
Altai Res	ATI	3309968	3.59	+ 1.23
Chesapeake Gld	CKG	114589	6.88	+ 0.55
J. A. G. Mines	JML	10987353	0.82	+ 0.44
Vulcan Mnrls	VUL	587625	1.45	+ 0.41
Troon Vent	TVN	483800	1.07	+ 0.37
Mansfld Mnrls	MDR	944912	3.15	+ 0.30
Exeter Res	XRC	568183	4.59	+ 0.29
Whitemud Res	WMK	47058	7.25	+ 0.25
Largo Res	LGO	9171014	0.84	+ 0.24
Pan Oce Exp	POE	1059670	10.52	-2.50
SouthGobi Engy	SGQ	91215	16.35	-1.85
Noront Res	NOT	2387292	3.57	-1.01
Seabridge Gold	SEA	20159	22.66	-0.84
Goldsource Min	GXS	531451	6.45	-0.58
Bear Creek Mng	BCM	285207	6.54	-0.56
Hathor Expl	HAT	2747360	2.96	-0.44
Digger Res	DIG	14600	1.75	-0.40
Pac Booker Min	BKM	27600	7.52	-0.40
Pitchstone Exp	PXP	173715	1.27	-0.36