TSX Venture Exchange trading June 5-11

Sagging base and precious metals prices took a toll on the S&P-TSX Venture Composite Index, which closed the June 5-11 trading session down 85.32 points at 3,193.69. Average daily trading volumes remained moderated at 75.7 million shares.

The junior board continued to reflect a slightly bearish trend over the week with 50 junior companies seeing new 52-week highs versus 57 that slid to new annual lows.

GoldQuest Mining soared into the top weekly trader position on 29.1 million shares of volume and closed up 245% at $1.26 per share, posting an 89.5 gain. Drilling on its Las Animas VMS project, in the Dominican Republic, ignited investor interest following the announcement of a 142-metre intercept grading 2.6% copper, 1.9% zinc and 2.5 grams gold.

Shares of Sultan Minerals also rallied on drill results to close up 16 at 39 apiece on trading volume of 23.8 million. Drilling at the company’s Jersey-Emerald project in southeastern B.C. cut 466 metres of 0.04% Mo2 including a 167-metre interval of 0.1% Mo2.

On news that drilling is starting up on its Lamaque project in northwestern Quebec, Kalahari Resources notched up 2.5 to 11.5 per share on trading volume of over 20 million shares. Last year’s drill program cut some narrow, multi-ounce gold intervals.

Sedex Mining saw 18.3 million shares change hands on the week, gaining three pennies to close at 32 per share. The company recently acquired nickel projects in northeastern and northwestern Ontario.

Golden Chalice Resources posted a 19% gain to close up 55 at $3.45 per share on trading volume of 17.2 million shares after reporting that the second drill hole on its Timmins, Ont.-area Langmuir project looks similar to the discovery hole. The first hole cut 72.5 metres of 1.14% nickel.

Goldcrest Resources continued to garner market attention from its initial Gaoua project drill results in Burkina Faso, returning 106 metres of 0.66% copper and 0.5 gram gold. The stock gained 54% to close up 31 at 88 per share on volume of over 16.1 million shares.

Amador Gold remained a strong trader on the week with almost 16 million shares changing hands. The company, which posted a 2.5 gain to close at 34.5 per share, has lined up a modest $1.1-million financing at a dime per unit for its Ontario project portfolio.

Shares of Geoinformatics Exploration posted a 69% gain on the session to close up 9 at 22 apiece on volume of 12.8 million. It is optioning the Whistler copper-gold project in Alaska from Rio Tinto’s Kennecott.

Western Prospector Group saw its shares notch up 65 apiece on the week to close at $5.50 on trading volume of over 1.1 million shares. The Mongolian-focused uranium developer recently arranged a $30.1-million financing for its Saddle Hills project.

Shares of IMA Exploration plummeted 51% after it lost its appeal of last year’s legal judgment awarding title of the Navidad silver project, in Argentina, to TSX-listed Aquiline Resources. Shares of IMA closed the week down at 37 apiece while Aquiline was buoyed to $11.00 per share.

TSX-V greatest percentage change

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
GoldQuest Mng	GQC	29133	1.80	0.355	1.26	+	245.2
Sultan Mnrls	SUL	23798	0.70	0.22	0.39	+	69.5
Geoinformatics	GXL	12858	0.23	0.13	0.22	+	69.2
Goldcrest Res	GCL	16154	0.95	0.55	0.88	+	54.3
Northern Abiti	NAI	4128	0.29	0.185	0.27	+	45.9
Winfield Res	WWF	5967	0.18	0.11	0.175	+	45.8
Castle Res	CRI	27	0.50	0.40	0.50	+	42.8
Augen Capital	AUG	1550	0.65	0.46	0.65	+	41.3
Benton Res	BTC	4719	1.64	1.05	1.45	+	39.4
Superior Can R	CAD	579	0.145	0.11	0.145	+	38.1
IMA Exploratn	IMR	8180	1.20	0.37	0.37	–	51.3
Silverstone wt	SST_T	179	1.45	0.65	0.82	–	39.2
Prospctr C Res	PRR	68	0.17	0.11	0.135	–	35.7
Aguila Am Res	AGL	51	0.39	0.30	0.30	–	33.3
New Shoshoni V	NSV	473	0.26	0.195	0.21	–	33.3
Columbia Yukon	CYU	947	2.88	1.70	1.82	–	32.5
Diamcor Mng	DMI	27	1.02	0.72	0.75	–	30.5
Intl Samuel Ex	SAZ	401	0.15	0.11	0.11	–	26.6
Mountain-Wst R	MWR	20	0.175	0.125	0.125	–	26.4
Timmins Gold	TMM	237	0.65	0.50	0.50	–	26.4

TSX-V greatest value change

		VOLUME	CLOSE		CHANGE
GoldQuest Mng	GQC	29133412	1.26	+	0.895
Western Prospc	WNP	1148085	5.50	+	0.65
Golden Chalice	GCR	17230949	3.45	+	0.55
Cons Thomp Irn	CLM	7760568	5.70	+	0.52
Benton Res	BTC	4718692	1.45	+	0.41
Osisko Explora	OSK	216918	11.39	+	0.41
Pan African Mg	PAF	406326	3.58	+	0.37
Exeter Res	XRC	1369674	3.41	+	0.35
Seabridge Gold	SEA	249139	17.42	+	0.32
Goldcrest Res	GCL	16154360	0.88	+	0.31
Northern Dyn M	NDM	911287	13.22	–	1.01
Columbia Yukon	CYU	946727	1.82	–	0.88
MBMI Res	MBR	2627117	3.81	–	0.81
SilverStone Rs	SST	2136786	2.53	–	0.71
Dynasty Met&Mn	DMM	169375	5.44	–	0.61
Chesapeake Gld	CKG	160483	6.48	–	0.59
Liberty Mines	LBE	1174360	3.28	–	0.53
Silverstone wt	SST_T	179200	0.82	–	0.53
Oromin Expl	OLE	340100	2.21	–	0.51
Franconia Mnls	FRA	233714	3.50	–	0.45

TSX-V most active issues

		VOLUME(000s)	HIGH	LOW	CLOSE		CHANGE
GoldQuest Mng	GQC	29133	1.80	0.355	1.26	+	0.895
Sultan Mnrls	SUL	23798	0.70	0.22	0.39	+	0.16
Kalahari Res	KLA	20318	0.165	0.09	0.115	+	0.025
Sedex Mng	SDN	18336	0.43	0.215	0.32	+	0.03
Golden Chalice	GCR	17231	3.53	2.20	3.45	+	0.55
Goldcrest Res	GCL	16154	0.95	0.55	0.88	+	0.31
Amador Gold	AGX	15929	0.44	0.29	0.345	+	0.025
Geoinformatics	GXL	12858	0.23	0.13	0.22	+	0.09
Afri-Can Marin	AFA	12225	0.38	0.235	0.29	–	0.095
Peak Gold	PIK	10104	0.84	0.66	0.68	–	0.11