TSX Venture Exchange Jan. 30-Feb. 5

With gold prices strengthening on the back of a weakening U.S. dollar, the S&P-TSX Venture Exchange Composite Index rose 69.29 points to 2,974.51 over the Jan. 30-Feb. 5 trading session. Average daily trading volume, however, eased to 92 million shares from last week’s 102-million level.

Crowflight Minerals led the most active list, trading 16.3 million shares and rising 8 to 52, after the company said it had completed a bankable feasibility study on its Bucko Lake nickel project in Waboden, Man.

The total project capital cost, including engineering, procurement, construction and management plus contingencies is estimated at $64 million. Crowflight expects to begin production of a nickel concentrate at Bucko in early 2008 at a starting rate of 12.5 million pounds contained nickel per year.

Almost unchanged this week at 32, Solitaire Minerals was also active, with 15.6 million shares changing hands. Solitaire has signed a letter of intent with Kinross Gold for an option to acquire Kinross’s interests in the Eldorado uranium mine property at Port Radium in the Northwest Territories.

Oromin Explorations was up 66 to $3.01 on volume of 784,805 shares. During the trading session, the company tabled consolidated financial statements for the nine months ended Nov. 30, 2006. It said expenses of $6 million were incurred at its flagship Sabodala property in Senegal, West Africa, where the company is part of a joint venture that is exploring for gold. Oromin said 70 diamond-drill holes and 10 reverse-circulation holes were completed at Sabodala.

Meanwhile, Seabridge Gold was up $2.36 to $15.60 after announcing some new developments at projects in northern British Columbia and the Northwest Territories.

The company says it can improve the economics of its Courageous Lake, N.W.T. project, by using high-pressure grinding technology, a move that could reduce crushing and grinding costs by 25%.

Having released the final results from last year’s drilling at the Mitchell gold-copper deposit at its Kerr-Sulphurets project near Stewart, B.C., Seabridge is working on an independent resource calculation for Mitchell and two other deposits on the property.

Meanwhile, despite the well-publicized concerns about the nationalization of resource assets in Ecuador, Aurelian Resources said work continues unabated at its wholly owned Condor gold-silver project in the southeastern part of the country.

Still, Aurelian shares fell $2.78 to $26.60 in spite of news that drilling continues to expand the size of the Fruta Del Norte gold-silver discovery at Condor.

Uranium miner UrAsia Energy fared better, rising 64 to $5.84 on volume of 15.6 million. UrAsia operates the Akdala uranium mine and holds the South Inkai deposit and 30% of the Kharassan project, all of which are located in Kazakhstan.

Last month, the company said it had signed a contract to supply uranium concentrates to a major North American utility which it did not name.

TSX-V most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE	CHANGE
Crowflight Mnl	CML	16365	0.58	0.41	0.52	+0.08
Solitaire Mnls	SLT	15614	0.385	0.25	0.325	+0.005
UrAsia Energy	UUU	15604	6.20	5.22	5.84	+0.64
Gravity West	GRW	13669	0.16	0.105	0.135	+0.03
Committee Bay	CBR	11383	0.73	0.445	0.59	+0.15
Cantex Mn Dev	CD	9355	0.115	0.08	0.085	+0.01
Pele Mtn Res	GEM	8620	1.23	0.98	1.20	+0.06
Phoenix Mat	PMM	8040	0.23	0.18	0.195	+0.015
Melkior Res	MKR	7767	0.365	0.27	0.355	+0.065
VenCan Gold	VCG	7383	0.11	0.08	0.095	+0.01

TSX-V greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE	CHANGE
Hellix Vent	HEL	304	0.35	0.24	0.33	+50.0
Southampton Vn	SV	36	0.65	0.50	0.60	+50.0
Endurance Gold	EDG	234	0.35	0.215	0.31	+47.6
Penteco Res	PEN	718	0.50	0.335	0.49	+42.0
Iciena Vent	IIE	2873	0.23	0.15	0.22	+41.9
Westar Res	WRC	114	0.87	0.61	0.86	+40.9
Bishop Gold	BSG	6975	0.04	0.02	0.035	+40.0
Sanatana Diam	STA	113	0.80	0.70	0.70	+40.0
Ucore Uranium	UCU	835	1.45	0.95	1.30	+38.3
Verona Dev	VDC	560	0.26	0.19	0.26	+36.8
Marifil Min wt	MFM.WT	110	0.005	0.005	0.005	-50.0
Colibri Res wt	CBI.WT	1725	0.32	0.20	0.23	-36.1
Intl Northair	INM	61	0.38	0.29	0.29	-25.6
Intl Chalice R	IRI	91	1.00	0.65	0.70	-23.9
Amex Expl	AMX	30	0.50	0.38	0.38	-23.2
Condor Res	CN	95	0.46	0.37	0.37	-22.9
Donner Metals	DON	1443	0.52	0.40	0.40	-21.5
Mano River Res	MNO	43	0.26	0.205	0.205	-21.1
Goldbrook Vent	GBK	2487	0.19	0.15	0.15	-21.0
Starcore Int V	SAM	1828	1.32	1.01	1.05	-21.0

TSX-V greatest value change

		VOLUME	CLOSE	CHANGE
Seabridge Gold	SEA	82421	15.60	+2.36
Mag Silver	MAG	884333	8.46	+1.11
Triex Minerals	TXM	755444	5.25	+0.85
Chesapeake Gld	CKG	173775	6.84	+0.66
Oromin Expl	OLE	784805	3.01	+0.66
UrAsia Energy	UUU	15604323	5.84	+0.64
Bear Creek Mng	BCM	583624	8.70	+0.60
Pitchstone Exp	PXP	613119	3.80	+0.56
Pan Oce Exp	POE	2757582	4.20	+0.55
Keegan Res	KGN	464033	3.50	+0.53
Aurelian Res	ARU	1430646	26.60	-2.78
Nautilus Minls	NUS	574429	4.42	-0.63
Dynasty Met&Mn	DMM	502746	3.85	-0.57
First Majestic	FR	892682	5.08	-0.52
Marathon PGM	MAR	78300	3.85	-0.30
Crosshair E&Mg	CXX	2501024	2.49	-0.29
Strategic Nev< /td>	SNS	1513598	1.80	-0.28
Starcore Int V	SAM	1827736	1.05	-0.28
U3O8 Corp	UWE	526649	5.00	-0.25
Titan Uranium	TUE	579656	2.14	-0.25