The S&P/TSX Venture Exchange was not spared in the storm that tore through world markets, managing only one positive day, which wasn’t enough to repair the damage: the index ended the week down 57.2 points, or 5%, at 1,041.85. The only aspect of the board to stay the course was trading volumes, which averaged a normal 64.5 million.
The week’s volume leaders were Orko Silver and Fission Energy. Almost 10 million Orko shares changed hands over the week, despite the company not releasing any news. Fission did release news: first the Saskatchewan uranium explorer and its partner Alpha Minerals announced discovering a third zone of mineralization at their Patterson Lake South project, and then Fission released results from the 68-hole winter drilling program at its Waterbury Lake project. Fission ended the week down 10¢ at $1.08.
One of the week’s biggest gainers was Kennady Diamonds. In the Northwest Territories, the Toronto-based junior is focused on the Kennady Diamond project, home to three known kimberlites. Drills working through a winter program at the site recently hit into a fourth kimberlite, adding 17¢ to Kennady’s share price in three days. The company ended the week at $1.32.
In mid-March Zenyatta Ventures kicked off a drilling program aimed at defining a resource around its Albany graphite discovery in Ontario. At the start of April, hole 4F10 returned 363 metres of graphite mineralization, representing the widest zone intersected at Albany to date. Zenyatta’s share price gained 18¢ on the day the news was released, which helped offset a wider weekly slide that left Zenyatta shares worth $1.83.
Santacruz Silver similarly released news that helped mitigate a share price slide. The company recently completed an initial drill program at its Gavilanes project in Durango, Mexico, which is home to a low-sulphidation epithermal system of silver in veins and stockworks. Drills testing one of those veins, known as Guadalupe-Soledad-Aranzazu, returned best intercepts of 7.4 metres of 256 grams silver per tonne, 1.92% zinc, 1.5% lead and 0.34 gram gold per tonne, and 3.8 metres of 156 grams silver, 0.5% zinc, 1% lead and 0.16 gram gold. Santacruz shares gained a few cents to end the week down 14¢ at $1.78.
High-grade gold results from the brand-new Shafter mine in Texas also couldn’t save Aurcana from the market’s downward drag. Aurcana kicked off commercial operations at Shafter in December, with 10 years of silver resources on the books. The company’s latest program returned several high-grade intercepts, including 5.5 metres of 212.6 grams silver and 3 metres of 490 grams silver. Aurcana ended the week down 4¢ at 64¢.
TSX-V most active issues
| Volume | |||||||
| Company | Symbol | (000s) | High | Low | Close | Change | |
| Orko Silver | OK | 9917 | 2.28 | 2.03 | 2.12 | – | 0.16 |
| Nebu Res | NBU | 6942 | 0.02 | 0.01 | 0.01 | – | 0.01 |
| Fission Energy | FIS | 6642 | 1.22 | 0.98 | 1.02 | – | 0.16 |
| Coronet Mtls | CRF | 5186 | 0.05 | 0.04 | 0.05 | + | 0.01 |
| Temex Res | TME | 5034 | 0.17 | 0.14 | 0.17 | + | 0.01 |
| Aurcana Corp | AUN | 4790 | 0.68 | 0.53 | 0.64 | – | 0.04 |
| Castle Res | CRI | 4788 | 0.1 | 0.07 | 0.08 | – | 0.01 |
| Zenyatta Vent | ZEN | 4307 | 2.16 | 1.72 | 1.83 | – | 0.19 |
| Encanto Potash | EPO | 4227 | 0.34 | 0.28 | 0.33 | + | 0.01 |
| Great Western | GWG | 3830 | 0.2 | 0.16 | 0.18 | + | 0.02 |
TSX-V greatest percentage change
| Volume | |||||||
| Company | Symbol | (000s) | High | Low | Close | Change | |
| Argus Metals | AML | 42 | 0.09 | 0.08 | 0.09 | + | 350 |
| Black Isle Res | BIT | 200 | 0.02 | 0.01 | 0.01 | + | 100 |
| Infinito Gold | IG | 250 | 0.01 | 0.01 | 0.01 | + | 100 |
| Baroyeca Go&Si | BGS | 174 | 0.01 | 0.01 | 0.01 | + | 100 |
| Pancontl Uran | PUC | 446 | 0.1 | 0.03 | 0.1 | + | 100 |
| Terra Firma Rs | TFR | 300 | 0.01 | 0.01 | 0.01 | + | 100 |
| Bell Copper | BCU | 2438 | 0.01 | 0.01 | 0.01 | + | 100 |
| Fjordland Exp | FEX | 2932 | 0.03 | 0.02 | 0.03 | + | 66.6 |
| Arcturus Res | AZN | 55 | 0.05 | 0.03 | 0.05 | + | 66.6 |
| Transition Mtl | XTM | 171 | 0.16 | 0.11 | 0.12 | + | 64.2 |
| Slater Mng | SLM | 152 | 0.15 | 0.1 | 0.1 | – | 60 |
| Fieldex Expl | FLX | 72 | 0.01 | 0.01 | 0.01 | – | 50 |
| Galahad Mtls | GAX | 13 | 0.01 | 0.01 | 0.01 | – | 50 |
| Nebu Res | NBU | 6942 | 0.02 | 0.01 | 0.01 | – | 50 |
| RPT Uranium | RPT | 1330 | 0.01 | 0.01 | 0.01 | – | 50 |
| Mainstream Mnl | MJO | 226 | 0.03 | 0.02 | 0.02 | – | 50 |
| Cornerstone Ca | CGP | 635 | 0.07 | 0.04 | 0.04 | – | 50 |
| Goldex Res | GDX | 35 | 0.01 | 0.01 | 0.01 | – | 50 |
| Supreme Res | SPR | 34 | 0.01 | 0.01 | 0.01 | – | 50 |
| Minaurum Gold | MGG | 76 | 0.13 | 0.08 | 0.08 | – | 46.4 |
TSX-V greatest value change
| Company | Symbol | Change | Close | Change | |
| Titanium Corp | TIC | 1091842 | 0.8 | + | 0.22 |
| Sarama Res | SWA | 21000 | 0.65 | + | 0.17 |
| Giyani Gold | WDG | 591266 | 0.6 | + | 0.14 |
| Kennady Diam | KDI | 120191 | 1.32 | + | 0.12 |
| Teras Res | TRA | 111800 | 0.71 | + | 0.11 |
| Gold Reserve | GRZ | 52132 | 3 | + | 0.1 |
| Spruce Ridge R | SHL | 173025 | 0.19 | + | 0.07 |
| Argus Metals | AML | 41600 | 0.09 | + | 0.07 |
| Bralorne Gold | BPM | 29643 | 0.6 | + | 0.05 |
| Pancontl Uran | PUC | 446200 | 0.1 | + | 0.05 |
| Lumina Copper | LCC | 262749 | 7.53 | – | 1.23 |
| Chesapeake Gld | CKG | 49581 | 6.79 | – | 0.55 |
| Atacama Pac Gd | ATM | 65155 | 1.96 | – | 0.29 |
| Energold Drill | EGD | 405063 | 2.06 | – | 0.24 |
| Mirasol Res | MRZ | 168621 | 1.48 | – | 0.22 |
| Zenyatta Vent | ZEN | 4307142 | 1.83 | – | 0.19 |
| Bear Creek Mng | BCM | 256504 | 2.6 | – | 0.19 |
| Inform Expl | IX | 16000 | 0.22 | – | 0.18 |
| Tasman Metals | TSM | 205342 | 0.62 | – | 0.18 |
| Eurasian Minls | EMX | 742335 | 1.9 | – | 0.18 |
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