TSX Venture Exchange July 10-16

Modest gains in gold, silver, lead and zinc more than offset a slip in copper and nickel prices over the July 10-16 trading session, driving the S&P-TSX Venture Composite Index up 32.57 points to close at 3,304.45. Average daily trading volumes rebounded to 88.4 million shares.

Decliners continued to lead gainers with 62 junior companies setting new annual lows versus 45 that touched new 52-week highs.

On strong zinc prices, prospective developer Yukon Zinc posted top trading honours, closing the week up 4 at 27 per share with 22.3 million shares changing hands. The company recently closed a $5-million flow-through financing earmarked for its Wolverine zinc-silver project in the southwestern Yukon.

Blue Note Mining remained a strong trader over the session, notching up 2 to close at 71 per share on volume of 19.5 million shares. It has begun processing ore at its recently reactivated Caribou lead-zinc mine, in New Brunswick, and expects to have saleable concentrates by the end of July.

Peak Gold was a strong trader over the period, inching up two pennies to 70 per share on volume of over 10 million shares. Earlier this year, the company acquired the Peak gold mine, in Australia, and the Amapari gold mine, in Brazil, from Goldcorp.

Shares of Sage Gold climbed 2.5 on trading volume of 8 million shares, closing at 20 apiece. The company recently closed a $1-million financing and awaits additional results from drilling on its Jacobus project, near Beardmore, in northwestern Ontario, where it earlier cut 8.5 metres of 0.95% nickel and 1.16% copper.

News that it had secured processing rights for uranium-bearing coal ash at a Chinese project sent Sparton Resources soaring 37% to close at 50 per share on trading volume of over 7.4 million shares.

Following its latest drill results from the Kwanika copper-gold project in north-central B.C., Serengeti Resources saw its share price collapse, dropping 46%, or $1.90, to close at $2.25 per share on trading volume of over 6.4 million shares. Results delivered long mineralized intercepts from the porphyry body, but grades fell short of investor expectations.

Mag Silver posted a gain of 21%, closing the week up $2.53 at $14.49 per share on trading volume of 622,000 shares. An American Stock Exchange listing, along with high-grade silver intercepts from drilling on the company’s Valdecanas and Batopilas silver projects, in Mexico, buoyed Mag’s share price.

Deep drilling by Antares Minerals on its Haquira copper-gold porphyry project, in southern Peru, returned a long mineralized intercept, pushing the company’s stock up 81, or 46%, to $2.56 per share on weekly volume of more than 1 million shares.

Lifted by strong lead and zinc prices, Tamerlane Ventures posted a 42% gain, closing the session up 72 at $2.45 per share on 1.9 million shares traded. Advancing its Pine Point lead-zinc deposit in the Northwest Territories, the company also recently acquired the Los Pinos copper project in southern Peru.

TSX-V greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
Goldnev Res	GNZ	19894	0.22	0.105	0.195	+	85.7
Endurance Gold	EDG	258	0.24	0.185	0.24	+	54.8
Tom Expl	TUM	625	0.10	0.065	0.10	+	53.8
Adroit Res	ADT	400	0.30	0.20	0.30	+	50.0
Antares Minls	ANM	1022	2.84	1.75	2.56	+	46.2
Tamerlane Vent	TAM	1904	2.48	1.73	2.45	+	41.6
SYMC Res	SY	147	0.11	0.07	0.07	+	40.0
Star Uranium	SUV	932	0.385	0.24	0.385	+	37.5
Sparton Res	SRI	7445	0.60	0.36	0.50	+	36.9
New Shoshoni V	NSV	619	0.32	0.22	0.30	+	36.3
Serengeti Res	SIR	6434	4.00	2.09	2.25	–	45.7
Diagem Intl	DGM	660	0.085	0.055	0.075	–	31.8
Boss Power	BPU	19	1.00	0.81	0.81	–	27.0
Valencia Vent	VVI	1226	0.70	0.52	0.52	–	25.7
Strike Minls	STK	67	0.09	0.09	0.09	–	25.0
Monroe Minls	MMX	270	0.095	0.06	0.09	–	25.0
Philex Gold	PGI	13	0.60	0.44	0.44	–	24.1
Kettle River	KRR	124	0.21	0.16	0.16	–	23.8
Spruce Ridge R	SHL	51	0.63	0.50	0.50	–	23.0
Solomon Res	SRB	293	0.365	0.27	0.27	–	22.8

TSX-V greatest value change

		VOLUME	CLOSE		CHANGE
Mag Silver	MAG	621952	14.49	+	2.53
Arizona Star	AZS	273650	12.41	+	0.91
Antares Minls	ANM	1022472	2.56	+	0.81
Tamerlane Vent	TAM	1903885	2.45	+	0.72
Zeox	ZOX	671352	2.90	+	0.58
Intl Enexco	IEC	389907	3.06	+	0.56
BRC Diamond	BRC	12100	8.00	+	0.50
Genco Res	GGC	627035	4.36	+	0.49
Nautilus Minls	NUS	2075692	4.67	+	0.47
Western Prospc	WNP	2157013	5.65	+	0.45
Serengeti Res	SIR	6433870	2.25	–	1.90
Seabridge Gold	SEA	95309	26.47	–	1.23
MBMI Res	MBR	913199	2.28	–	0.52
Coral Gold	CGR	44107	2.80	–	0.45
Quaterra Res	QTA	343505	3.31	–	0.42
Primary Metals	PMI	121889	2.18	–	0.36
Bear Creek Mng	BCM	807872	8.22	–	0.31
Boss Power	BPU	19466	0.81	–	0.30
Northern Dyn M	NDM	313024	13.15	–	0.30
Pan Oce Exp	POE	41931	4.21	–	0.29

TSX-V most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
Yukon Zinc	YZC	22306	0.29	0.225	0.27	+	0.04
Goldnev Res	GNZ	19894	0.22	0.105	0.195	+	0.09
Blue Note Mng	BN	19453	0.77	0.64	0.71	+	0.02
Winfield Res	WWF	12599	0.74	0.415	0.73	+	0.14
Peak Gold	PIK	10210	0.72	0.65	0.70	+	0.02
Sage Gold	SGX	8002	0.21	0.155	0.20	+	0.025
Sparton Res	SRI	7445	0.60	0.36	0.50	+	0.135
Serengeti Res	SIR	6434	4.00	2.09	2.25	–	1.90
Afri-Can Marin	AFA	6333	0.23	0.19	0.215	–	0.01
Metco Res	MKO	6089	0.155	0.125	0.135	–	0.015