TSX Venture Exchange June 26-29

Despite a modest up-tick in gold and base metals, the junior mining-dominated S&P-TSX Venture Composite Index closed out the Canada Day-shortened June 26-29 trading session on an off note, down 15.5 points at 3,174.39. Daily average trading volumes came in at a bolstered 82.4 million shares.

The market turned strongly bearish over the week with only 17 junior explorers managing new 52-week highs, while 81 slid to new yearly lows.

Simberi Mining jumped to top trader status after signing a deal giving Amari Holdings the right to earn up to 65% in its subsidiary, which holds joint-venture rights on the Kakanda copper project in the Democratic Republic of the Congo with state-owned miner Gcamines. Shares in Simberi notched up half a penny to 7.5 apiece on trading volume of over 12.2 million.

Goldcrest Resources posted a 30% gain to close the session up 27 at $1.18 per share on trading volume of almost 7.6 million shares. Investors remained keen on recent drill results from its Gaoua project, in Burkina Faso, which returned more copper and gold. Shareholders also recently approved the sale of the company’s Youanmi gold project in western Australia to Apex Minerals for A$10 million.

Northern Abitibi Mining remained a strong trader with over 6.5 million shares changing hands, but closed off 2.5 at 28 per share. It recently wrapped up an initial round of fieldwork on its Taylor Brook polymetallic project in Newfoundland.

Brazilian-focused diamond hunter Iciena Ventures traded 6.3 million shares on the week, posting a 1.5 gain at 11.5 per share. It announced an agreement to acquire a 630-sq.-km claim block in the western state of Mato Grosso.

Shares of Silver Spruce Resources posted a 28% gain over the week, closing up 37 at $1.69 apiece on trading volume of 4.2 million shares. Lake sediment sampling at the company’s Labrador CMB joint venture, with Universal Uranium, returned uranium values.

Trading in GoldQuest Mining remained strong, with shares closing 9 higher at $1.02 per share on more than 4.1 million shares of volume. Drilling on the company’s Las Animas VMS project in the western Dominican Republic sparked investor interest following a recent 142-metre intercept of 2.6% copper, 1.9% zinc and 2.5 grams gold.

Golden Chalice Resources took back some ground, posting a 20% gain on the week to close up 56 at $3.37 per share on trading volume of 2.6 million shares. Drilling continues at its Timmins, Ont.-area Langmuir nickel discovery, where the second hole cut 14.9 metres of 2.36% nickel including higher-grade sections.

After recently posting strong gains, shares of Indonesian-focused copper-gold explorer Southern Arc Minerals dropped 23% on the week, closing off 55 at $1.85 per share on volume of over 3.5 million shares. Recent drilling of its Montong Botek porphyry copper-gold target on the Selodong project cut 363.5 metres of 0.3% copper and 0.5 gram gold per tonne.

TSX-V greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
Gulfside Mnls	GMG	2383	1.40	0.67	1.13	+	88.3
Kruger Expl	KGC	10	0.73	0.50	0.50	+	85.1
Ross River Mnl	RRM	4600	0.26	0.14	0.23	+	58.6
Canadn Shield	CSP	1056	0.36	0.23	0.345	+	53.3
Intl Montoro R	IMT	301	0.54	0.305	0.46	+	53.3
Darnley Bay	DBL	690	0.64	0.40	0.64	+	48.8
Southern Arc	SA	5908	2.48	1.65	2.40	+	45.4
Skyline Gold	SK	1209	0.26	0.18	0.25	+	38.8
Golden Val Min	GZZ	3451	0.82	0.53	0.69	+	35.2
Romarco Mnrls	R	10093	0.35	0.25	0.335	+	34.0
Arcturus Res	AZN	66	0.08	0.06	0.08	–	42.8
Amseco Expl	AEL	147	0.325	0.245	0.25	–	41.1
Odin Mining	ODN	101	0.34	0.24	0.24	–	31.4
Gowest Amalg	GWA	66	0.245	0.165	0.165	–	28.2
Chilean Gold	CHN	21	0.70	0.57	0.57	–	21.9
Madison Minls	MMR	470	0.47	0.37	0.37	–	21.2
Mill Bay Vent	MBV	110	0.10	0.075	0.075	–	21.0
Cons Fortress	CFR	92	0.29	0.23	0.28	–	20.0
Golden Arch	GAI	1894	0.135	0.09	0.105	–	19.2
Threegold Res	THG	66	0.28	0.21	0.21	–	19.2

TSX-V greatest value change

		VOLUME	CLOSE		CHANGE
Mag Silver	MAG	807743	11.95	+	1.35
Azimut Expl	AZM	328089	9.35	+	0.84
Serengeti Res	SIR	1003531	4.25	+	0.77
Energold Drill	EGD	1632925	3.50	+	0.76
Southern Arc	SA	5908395	2.40	+	0.75
Pac Booker Min	BKM	23825	11.00	+	0.75
Full Metal Mnl	FMM	2236281	2.83	+	0.62
Cons Thomp Irn	CLM	1310820	6.15	+	0.55
Gulfside Mnls	GMG	2383079	1.13	+	0.53
Arizona Star	AZS	33344	11.98	+	0.48
Seabridge Gold	SEA	1351723	19.50	–	1.25
Northern Dyn M	NDM	435902	12.45	–	0.77
Osisko Explora	OSK	2500123	5.65	–	0.73
Exeter Res	XRC	1466617	3.45	–	0.71
MBMI Res	MBR	683884	2.97	–	0.68
Hard Creek Ni	HNC	240032	1.85	–	0.40
Nautilus Minls	NUS	753382	5.40	–	0.39
Sutcliffe Res	SR	1092214	1.54	–	0.32
Tournigan Gold	TVC	1908206	4.05	–	0.31
Genco Res	GGC	181101	3.75	–	0.25

TSX-V most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
Northern Abiti	NAI	13066	0.425	0.275	0.28	–	0.02
Romarco Mnrls	R	10093	0.35	0.25	0.335	+	0.085
Goldcrest Res	GCL	10037	1.06	0.79	0.91	–	0.06
Sage Gold	SGX	8759	0.18	0.14	0.145	–	0.015
Northw Min Vt	NWT	7851	1.33	1.03	1.05	–	0.02
Simberi Gold	SAU	5920	0.08	0.065	0.07		0.00
Southern Arc	SA	5908	2.48	1.65	2.40	+	0.75
Geoinformatics	GXL	5891	0.30	0.26	0.285	+	0.015
First Narrows	UNO	5252	0.43	0.29	0.335	+	0.015
Dumont Nickel	DNI	5016	0.175	0.13	0.15	+	0.02