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TABLE OF CONTENTS Sep 1 - 7, 2014 Volume 100 Number 29 - 0 comments

TSX Venture bounces back, Aug. 18-22

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2014-08-27

VANCOUVER — The S&P/TSX Venture Composite returned to the black after three consecutive weeks in the red during the Aug. 18-22 trading period, as it gained 9.7 points to 1,005.58. Precious metal and energy futures retreated during the week, while base metals were on the rise. Meanwhile, minutes from the latest U.S. Federal Reserve meeting indicate that the U.S. central bank is in no rush to hike rates, and HSBC’s manufacturing index for China fell to a three-month low in July.

December contracts for gold bullion dropped 2% or US$26 before closing out the week at US$1,280.20 per oz. December contracts for copper jumped 3.1% or US9.7¢ before closing at US$3.20 per lb.

Ascot Resources led the value-added category after providing an exploration update at the historic Premier gold mine in B.C.’s Cassiar mining district. Shares gained 46¢ on 1 million traded before closing the period at $1.85. On Aug. 22 Ascot reported that historic work and recent drilling at Premier indicate a system where mineralization is focused in a structural zone with widths ranging from 30 to 150 metres, with a known strike length of over 1.6 km and a dip length of up to 1.2 km.

Pacific Booker Minerals was atop the value-lost column after receiving bad permitting news. Shares dropped 80¢ during the week to $4.10. On Aug. 19 B.C. Minister of Environment Mary Polak suspended the environmental assessment of Pacific Booker’s Morisson copper–gold project in B.C. The suspension was imposed due to the Aug. 4 tailings dam breach at Imperial Metals’ Mt. Polley copper-gold mine, which is the subject of an engineering investigation and independent review panel. According to the B.C. Environmental Assessment Act, the minister can suspend an assessment until the “outcome of any investigation, inquiry, hearing or other process that is material to the subject assessment.”

Fission Uranium led the volume-traded category for the week with 12.2 million shares moving, as shares  fell 11¢ to $1.17. On Aug. 18 Fission announced a $12.5 million bought-deal private placement wherein it will issue 8.35 million flow-through shares at  $1.50 per share. The company also reported results from a summer drill program at its Patterson Lake South (PLS) high grade uranium discovery near the Athabasca Basin. Highlights include 11 metres of total composite “off-scale” radioactivity in hole 14-259. Due to drilling success to date at the R780E zone Fission is adding another ten holes totalling 4,700 additional metres to its program. 

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Fission Uran FCU 12194 1.29 1.15 1.17 - 0.11
Boxxer Gold BXX 9761 0.07 0.03 0.04 + 0.02
Roxgold ROG 7612 0.84 0.78 0.8 - 0.02
Canada Carbon CCB 5849 0.28 0.24 0.25 + 0.01
Nemaska Lith NMX 5807 0.25 0.2 0.24 + 0.02
Baja Mng BAJ 5580 0.05 0.04 0.05 - 0.01
True Gold Mng TGM 5538 0.46 0.43 0.44   0
Dunav Res DNV 5533 0.02 0.02 0.02 - 0.01
Chalice Diam COD 5225 0.02 0.01 0.02   0
Redstar Gold RGC 5100 0.07 0.05 0.06 + 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Saville Res SRE 29 0.15 0.05 0.15 + 328.5
Cadillac Vent CDC 4441 0.04 0.02 0.03 + 200
Reliant Gold REC 39 0.06 0.03 0.06 + 200
Teuton Res TUO 2683 0.13 0.05 0.13 + 160
Cascadero Copp CCD 1602 0.03 0.02 0.03 + 150
DV Res DLV 10 0.08 0.08 0.08 + 128.5
Green Valley M GVY 10 0.01 0.01 0.01 + 100
Platinex PTX 55 0.02 0.02 0.02 + 100
China Mnls Mng CMV 36 0.01 0.01 0.01 + 100
Reliance Res RI 16 0.01 0.01 0.01 + 100
Aldershot Res ALZ 103 0.01 0.01 0.01 - 50
Terra Firma Rs TFR 46 0.01 0.01 0.01 - 50
Wolfpack Gold WFP 1081 0.09 0.04 0.05 - 50
Ross River Mnl RRM 103 0.01 0.01 0.01 - 50
Bonterra Res BTR 347 0.01 0.01 0.01 - 50
Chimata Gold CAT 371 0.05 0.03 0.03 - 40
Dunav Res DNV 5533 0.02 0.02 0.02 - 40
Cariboo Rose CRB 45 0.05 0.04 0.04 - 38.4
Clear Mtn Res CY 30 0.04 0.04 0.04 - 38.4
Iconic Mnls ICM 25 0.06 0.04 0.04 - 36.3

TSX-V greatest value change


Company Symbol Change Close Change
Ascot Res AOT 1038725 1.85 + 0.46
Kennady Diam KDI 125834 7.25 + 0.26
Gold Reserve GRZ 73724 4.62 + 0.24
Titanium Corp TIC 1281224 1.8 + 0.17
Brazil Res BRI 454430 0.95 + 0.12
Saville Res SRE 29200 0.15 + 0.12
Falco Pac Res FPC 410007 0.63 + 0.11
Lara Expl LRA 18413 0.84 + 0.1
Midland Expl MD 55700 0.97 + 0.09
Probe Mines PRB 70061 2.41 + 0.08
Pac Booker Min BKM 31369 4.1 - 0.8
Bacanora Mnls BCN 346438 1.28 - 0.25
North Am Nickl NAN 3121692 0.36 - 0.19
Great Quest Me GQ 56125 1.46 - 0.18
Athabasca Mnls ABM 371340 2.28 - 0.17
Cayden Res CYD 586974 2.73 - 0.16
Palladon Vent PLL 37200 1.24 - 0.15
Newmac Res NER 13400 0.26 - 0.14
Margaret Lk Di DIA 29000 0.31 - 0.14
Chesapeake Gld CKG 56233 3.28 - 0.12


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Related News
TSX Venture rebounds, Nov. 10-14
Better days await the junior sector, PwC reports
Uranium stocks jump on Japanese nuclear restart news
Related Press Releases
Ascot Resources Intersects 1,115.00 g/t Gold and 481 g/t Silver Over 1.00 Meter at Premier
Ascot Resources Intersects 128.71 g/t Gold and 3,209.4 g/t Silver Over 1.88 Meters at Premier
Ascot Resources Intersects 873.0 g/t Gold Over 1.00 Meter at Premier
 



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