TSX venture exchange

The S&P/TSX Venture Composite Index dropped 41.91 points after four days of losses outweighed one day of gains, ending at 1,251.02. Volume was also down for most of the period, but a spike at the end of the week left the average volume consistent with recent weeks at 73 million shares traded daily.

Amerix Precious Metals shot from 8¢ to 20¢ with 11 million shares traded after announcing a new gold discovery in Brazil. The discovery holes from the company’s Limao property in Para state returned 13 metres grading 14.04 grams gold per tonne from 28 metres downhole, and 40 metres averaging 3.51 grams gold from 37 metres downhole. The two holes were drilled from the same platform, with the first drilled at -60 degrees and the second at -77 degrees. The mineralization occurs in potassic-altered and pyrite-rich syenite intrusive rocks.

The company has drilled holes above and below holes 1 and 2 to test the mineralization’s vertical continuity.

Aldridge Minerals was up after releasing an updated resource estimate on its Yenipazar polymetallic deposit in Turkey, climbing 17¢ to end at 64¢ on a little over a million shares traded. Combining sulphides and oxides,  the deposit contains 26.7 million tonnes grading 1.04 grams gold, 31.3 grams silver, 0.3% copper, 1.04% lead and 1.40% zinc for  3.05 grams gold equivalent, with oxides comprising 3 million tonnes. Inferred resources add 1.2 million tonnes at a 2.51-gram gold equivalent. The company outlined improved metallurgical recoveries from the volcanogenic massive sulphide deposit.  

Gold Reach Resources shot up to a 52-week high, climbing 28¢ to $1.10 after announcing it had finished drilling two deep holes at the West Seel discovery at its Ootsa project in B.C. Hole 101 was drilled to 1,079 metres and hole 102 to 951 metres, both stepping out from the original discovery holes released in December, including 567 metres grading 0.51% copper equivalent from 170 metres downhole. The Ootsa property sits adjacent to the Huckleberry mine in west-central B.C. On the Monday after the period the company climbed a further 42¢ to $1.52 after announcing a $1.2-million financing.

Gold Reserve was up $1.06 to $4.34 on 57,000 shares traded in the period after outlining changes to a note restructuring. The company has been working to restructure its outstanding 5.5% senior convertible notes and reached an agreement with three entities holding 87.8% of the notes in mid-May. The company had offered remaining holders a cash buyout but rescinded the offer, planning instead to release a new offer in the coming days. Gold Reserve is waiting on a judgement for its $2.1-billion lawsuit against Venezuela for seizing its assets in 2008.

TSX most active issues

 VOLUME WEEK
HIGH LOW CLOSE CHANGE
Aurcana Corp AUN 47736 1.15 0.90 0.90 -0.12
Trelawney M&Ex TRR 21808 3.30 3.28 3.29 0.00
Canaco Res CAN 21747 0.35 0.31 0.33 +0.01
Amerix Pr Mtls APM 11060 0.22 0.07 0.20 +01.2
RJK Explor RJXA 7300 0.23 0.09 0.16 -0.07
GoldQuest Mng GQC 5398 0.77 0.63 0.66 -0.05
Sandstorm Mt&E SND 4711 0.34 0.25 0.27 -0.07
Slam Exploratn SXL 4160 0.04 0.03 0.04 0.00
Fire River Gol FAU 4044 0.15 0.11 0.12 -0.04
Roxgold ROG 3957 0.78 0.63 0.65 -0.08

TSX greatest percentage change

 VOLUME WEEK
HIGH LOW CLOSE CHANGE
Amerix Pr Mtls APM 11060 0.22 0.07 0.20 +150.0
Hansa Res HRL 44 0.12 0.08 0.12 +109.0
Bell Copper BCU 802 0.02 0.01 0.02 +100.0
Matnic Res MIK 85 0.20 0.16 0.20 +100.0
North Am Gem NAG 315 0.01 0.01 0.01 +100.0
Intl Samuel Ex ISS 355 0.15 0.07 0.12 +76.9
Driven Capital DVV 1408 0.10 0.06 0.10 +72.7
Kermode Res KLM 1016 0.12 0.08 0.12 +71.4
Red Pine Expl RPX 540 0.03 0.02 0.03 +66.6
Sirlos Res SOI 1300 0.03 0.02 0.03 +66.6
Dentonia Res DTA 40 0.01 0.01 0.01 -50.0
Cobalt Coal CCF 62 0.12 0.08 0.08 -38.4
War Eagle Mg WAR 181 0.10 0.09 0.09 -37.9
Frontline Gold FGC 128 0.04 0.03 0.03 -37.5
Amseco Expl AEL 86 0.06 0.04 0.04 -36.3
Falcon Gold FG 26 0.11 0.09 0.09 -35.7
Tearlach Res TEA 101 0.10 0.06 0.06 -35.2
Suparna Gold SUG 90 0.18 0.15 0.15 -34.7
MPH Vent MPS 417 0.02 0.01 0.01 -33.3
Plato Gold PGC 838 0.02 0.01 0.01 -33.3

TSX greatest value change

 VOLUME WEEK
CLOSE CHANGE
Pac Booker Min BKM 34589 12.83  +    1.48
Gold Reserve GRZ 55665 4.34 +    1.06
Gold Reach Res GRV 1450562 1.10 +    0.28
Sandstorm Gld SSL  644117 9.22 +    0.28
Midway Gold MDW 155997  1.38 +    0.20
Giyani Gold WDG  608636 1.27 +    0.19
Aldridge Minls AGM 1094505 0.64 +    0.18
Sierra Iron Or  NAA 230500  0.87 +    0.17
Stans Energy HRE 1137845 0.84 +    0.13
Mkango Res  MKA 30500

0.45 +    0.13
Anfield Nickel ANF 148110 3.40 –    0.40
Atac Res ATC 924466 2.60 –    0.31
Bear Creek Mng BCM 377719 2.46 –    0.31
Flinders Res  FDR 492991 1.56 –    0.27
Northern Graph  NGC 891283 1.48 –    0.26
Hana Mng HMG 580737 0.66 –    0.20
Fortress Mnls   FST 12350 5.00 –    0.20
Brazil Res  BRI 112070 1.00 –    0.17
Clifton Star CFO 117763 1.09 –    0.16
Amarillo Gold  AGC 19500 0.70 –    0.15
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