TSX Venture Exchange Sept. 25-Oct. 1

The S&P-TSX Venture Composite Index climbed 71.27 points to 2,872.66 over the Sept. 24-Oct. 1 trading session. Average daily trading volume decreased to 85.3 millions shares.

The board’s point gain contrasted with the number of companies reaching new highs and lows. On the junior board, 66 juniors sunk to new lows over the period, while only 26 reached new highs.

VMS Ventures was a volume leader, trading 45.6 million shares over the week to close up 90% at 74. The stock was halted again on Oct. 2, pending further news about the company’s volcanogenic massive sulphide mineralization discovery at Reed Lake in Manitoba.

Constantine Metal Resources also posted significant gains over the week. After the company released partial results from one drill hole from the Palmer project, a polymetallic massive sulphide target near Haines, Alaska, the stock saw a 27 or 77% increase to close at 62. A 14-metre section graded 3.8% copper, 7.2% zinc, 0.37 gram gold per tonne, and 47 grams silver.

Continuing a climb that started in mid-August, stock in Arizona Star Resource rose $1.50 over the week to close at $14 per share. The company owns 51% of the Cerro Casale deposit in Chile, which it is moving towards development with 49%-owner Kinross Gold.

Without posting any news, Anglo Minerals climbed 87 or 30% to close the session at $3.77 per share. Similarly, Mansfield Minerals rose 62 to close at $4.25.

Noront Resources was another volume leader, with 47.5 million shares trading hands over the session. Despite the volume, Noront’s share price remained unchanged at $3.60 apiece. Junior explorers with land claims around Noront’s Double Eagle discovery continued to dominate the volume leaders. MacDonald Mines Exploration remained volume leader with 67.4 million shares traded; its share price continued to decline from the Double Eagle-prompted spike in mid-September, closing down 5 at 26.5. Spider Resources, KWG Resources and Freewest Resources all traded high volume with little share price change.

Since spiking to $1.15 in mid-July, Christopher James Gold has been in steady decline. The trend continued to the end of September, with the stock posting a 16 loss to close the session at 28 on average trading volume of 560,000 shares.

Salazar Resources also slipped, closing down 45 at $3.20 per share. Latin American Minerals also lost ground, its share price dropping 14.5 to 45.5.

After releasing assay results from the Tournigan project, near Dease Lake, B.C., Hard Creek Nickel lost 26 to close the session at $1.18. The best result from the 11 holes assayed was 120 metres grading 0.33% nickel and 0.022% cobalt.

And despite announcing in mid-September that their Mongolian licences are not invalid, Western Prospector Group and Khan Resources continued to lose ground. Western Prospector ended the session down 30 at $2, while Khan lost 38 to $2.05.

TSX-V greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
VMS Vent	VMS	45650	0.77	0.365	0.74	+	100.0
Constant Mtl R	CEM	2390	0.91	0.35	0.62	+	77.1
Tarsis Capital	TCC	24	0.87	0.60	0.87	+	67.3
Roxgold	ROG	293	0.39	0.24	0.38	+	58.3
Harvest Gold	HVG	1935	0.27	0.17	0.255	+	50.0
Solomon Res	SRB	344	0.33	0.22	0.33	+	50.0
Bluerock Res	BRD	1029	0.55	0.365	0.54	+	47.9
RJK Explor	RJXA	403	0.17	0.12	0.16	+	45.4
Grande Portage	GPG	320	0.42	0.28	0.42	+	44.8
Adex Mining	ADE	1461	0.40	0.24	0.38	+	43.4
Orsa Vent	ORN	10	0.235	0.21	0.215	–	38.5
Chris James Gl	CJG	2794	0.44	0.27	0.28	–	36.3
Amseco Expl	AEL	31	0.285	0.22	0.22	–	35.2
Rhyolite Res	RYE	51	0.78	0.61	0.61	–	32.9
Verdstone Gold	VGC	215	0.12	0.085	0.085	–	29.1
Latin Am Mnls	LAT	294	0.60	0.455	0.455	–	28.9
Mano River Res	MNO	18	0.21	0.15	0.15	–	28.5
Uranium Power	UPC	1674	0.89	0.68	0.68	–	27.6
Cascadero Copp	CCD	356	0.115	0.085	0.085	–	26.0
Intl KRL Res	IRK	770	0.22	0.155	0.17	–	24.4

TSX-V greatest value change

		VOLUME	CLOSE		CHANGE
Arizona Star	AZS	433113	14.00	+	1.50
Anglo Mnrls	ALM	786366	3.77	+	0.87
Pan Oce Exp	POE	1686876	6.09	+	0.72
SouthGobi Engy	SGQ	84605	6.68	+	0.68
Mansfld Mnrls	MDR	679189	4.25	+	0.62
Bear Creek Mng	BCM	419391	7.35	+	0.60
Pearl Ex & Pr	PXX	6763516	3.95	+	0.55
Chesapeake Gld	CKG	177633	6.72	+	0.52
Rusoro Mng	RML	335981	2.66	+	0.42
VMS Vent	VMS	45649869	0.74	+	0.37
Northern Dyn M	NDM	588603	10.91	–	0.69
Mag Silver	MAG	580428	13.80	–	0.59
Palmarejo S&G	PJO	403792	9.81	–	0.53
Salazar Res	SRL	820655	3.20	–	0.45
Western Prospc	WNP	508843	2.00	–	0.30
Fancamp Expl	FNC	6636982	1.44	–	0.30
Rhyolite Res	RYE	50852	0.61	–	0.30
Seabridge Gold	SEA	82306	29.76	–	0.29
Hard Creek Ni	HNC	273554	1.18	–	0.26
Strathmore Min	STM	650021	2.50	–	0.26

TSX-V most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
MacDonald Mns	BMK	67442	0.41	0.255	0.265	–	0.06
Noront Res	NOT	47483	4.84	3.08	3.60		0.00
VMS Vent	VMS	45650	0.77	0.365	0.74	+	0.37
Spider Res	SPQ	40583	0.115	0.09	0.10	–	0.01
KWG Res	K WG	37823	0.105	0.07	0.085	+	0.01
Freewest Res	FWR	10587	0.295	0.22	0.235	–	0.005
Blue Note Mng	BN	9910	0.61	0.54	0.59	+	0.03
Golden Band	GBN	9628	0.51	0.43	0.45	–	0.045
Peak Gold	PIK	9616	0.75	0.60	0.69	+	0.05
Montello Res	MEO	9374	0.19	0.14	0.16	+	0.015