TSX VENTURE EXCHANGE -Sept. 27-Oct. 1

The S&P-TSX Venture composite index continued its growth streak during the Sept. 27-Oct. 1 trading period with a 45.25-point gain to put the board at 1,744.79 points, its highest in almost two years. Trading remained brisk with an average of 145.5 million shares traded daily.

The bulls continue to advance past the bears, with 112 Venture-listed companies hitting new 52-week highs while 70 falling to new lows.

Beaufield Resources was the most active stock with 65.5 million shares traded after the company released some long drill results from its polymetallic Tortigny property in Quebec. Hole 19 was the real star, intersecting 322.2 metres grading 4.2% zinc, 2.72% copper, 0.19% lead, 72 grams silver per tonne and 0.53 gram gold per tonne. The company’s shares were up 27¢ or 150% to end at 45¢.

An investment from China’s Xinxing Pipes Group sent Advanced Explorations’ stock skyward, gaining 26¢ or 123% to close at 49¢ on 12.5 million shares traded. Xinxing, a major cast-iron pipe manufacturer, has agreed to provide up to $1 billion towards the development of Advanced Exploration’s Roche Bay iron ore project in Nunavut, as well as $20 million to complete a feasibility study and $30 million in working capital. In return, Xinxing will get a 50% stake in a joint venture to develop the Roche Bay project and a 50% offtake of all iron produced from the project.

Lexam Explorations saw big gains after reaching an agreement in principle to merge with VG Gold. The new combined company, to be named Lexam VG Gold, will focus on gold exploration in the Timmins area of northern Ontario.

Rob McEwen, currently chairman and chief executive of Lexam, will continue on as chairman of the new company. McEwen will also make a $5-million private placement in the combined company, which, thanks to his already holding 49% of Lexam, will give him roughly 28% of Lexam VG Gold. Lexam shares were up 47¢ or 84% to $1.03 while VG Gold shares were up 8.5¢ to 56¢.

A bid by Endeavour Silver to buy Cream Minerals led to lots of activity for the junior explorer’s stock. Cream Minerals saw 13.5 million shares traded as its stock price climbed 5¢ or 66.7% to 12.5¢, right in line with Endeavour’s 12¢-per-share cash offer for the 88.3 million shares outstanding. Cream Minerals’ most advanced project is the Nuevo Milenio property in Mexico.

Rare Element Resources was the biggest value gainer for a second week, up 95¢ or 12% to close at $8.90. The company released a scoping study on its Bear Lodge rare earths project in Wyoming that showed an internal rate of return of 40% and an after-tax net present value of US$213 million using a 10% discount.

TSX-V most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Beaufield Res	BFD	65562	0.68	0.17	0.45	+ 0.27
Northern Star	NSM	23379	0.02	0.01	0.01	0.00
Arctic Star Di	ADD	21701	0.06	0.04	0.05	+ 0.01
Woulfe Mng	WOF	14220	0.12	0.10	0.12	+ 0.01
Great Western	GWG	13597	0.41	0.33	0.38	0.00
Cream Mnrls	CMA	13522	0.14	0.12	0.12	+ 0.05
Advanced Expl	AXI	12476	0.53	0.25	0.49	+ 0.27
Catalyst Coppr	CCY	12414	0.20	0.14	0.14	+ 0.01
TagishLkGold	TLG	12313	0.16	0.10	0.14	+0.04
Harte Res	HRT	12151	0.74	0.40	0.61	+ 0.17

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Panorama Res	PRA	450	0.24	0.10	0.24	+ 200.0
Soho Res	SOH	3551	0.15	0.06	0.14	+ 180.0
Beaufield Res	BFD	65562	0.68	0.17	0.45	+ 150.0
Advanced Expl	AXI	12476	0.53	0.25	0.49	+ 122.7
Tanqueray Res	TQY	582	0.03	0.01	0.02	+ 100.0
Sea Green Cap	SGS	1487	0.04	0.01	0.02	+ 100.0
Britannica Res	BRR	985	0.08	0.04	0.06	+ 100.0
Lexam Explor	LEX	2322	1.04	0.53	1.03	+ 83.9
New Island Res	NIS	86	0.11	0.09	0.11	+ 83.3
Georox Res	GXR	504	0.44	0.22	0.39	+ 77.2
Black Bull Res	BBS	337	0.03	0.01	0.01	-50.0
Jaxon Mnls	JAX	170	0.12	0.10	0.10	-37.5
Crescent Res	CRC	1700	0.09	0.05	0.06	-33.3
Diamond Frank	DOD	10644	0.33	0.22	0.22	-31.2
Acme Res	ARI	11	0.22	0.21	0.21	-30.0
Red Rock Enrgy	RRK	20	0.15	0.10	0.10	-28.5
Radisson Mng	RDS	148	0.14	0.10	0.10	-28.5
Wildcat Expl	WEL	998	0.06	0.05	0.05	-28.5
Escape Gold	EGT	40	0.14	0.14	0.14	-26.3
Cannon Pnt Res	CNP	63	0.15	0.14	0.14	-26.3

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
RareElemntRs	RES	2743725	8.90	+ 0.95
Titanium Corp	TIC	1796597	1.80	+ 0.52
Lexam Explor	LEX	2322130	1.03	+ 0.47
Universal Powr	UNX	1754431	3.44	+ 0.44
Macarthur Mnl	MMS	93400	1.95	+ 0.40
Maudore Minls	MAO	213192	5.65	+ 0.40
Mirasol Res	MRZ	481695	3.01	+ 0.33
Loncor Res	LN	1155600	1.10	+ 0.30
Eurasian Minls	EMX	104120	2.84	+ 0.29
Zimtu Capital	ZC	96433	1.53	+ 0.29
Clifton Star	CFO	2115428	4.23	-0.59
Atac Res	ATC	2629818	6.01	-0.49
Rainy River Rs	RR	1905305	8.42	-0.48
San Gold Res	SGR	7789508	3.35	-0.17
Bralorne Gold	BPM	191529	1.20	-0.14
Canaco Res	CAN	10565455	3.65	-0.14
Northern Tiger	NTR	7621315	0.71	-0.12
Amazon Mng	AMZ	327702	2.19	-0.11
Great Quest Me	GQ	418654	1.25	-0.10
Diamond Frank	DOD	10643791	0.22	-0.10