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TABLE OF CONTENTS Mar 17 - 23, 2014 Volume 100 Number 5 - 0 comments

TSX Venture bounces back, Mar. 3-7

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2014-03-12

The S&P/TSX Venture Composite Index returned to the black during the week, as it posted a 1.7%, or 17.6-point gain, en route to a 1,043.01-point weekly close. The political turmoil in the Ukraine is fuelling market volatility, with commodity futures struggling to gain traction. Markets were buoyed late in the week by positive jobs data out of the U.S.

Gold futures struggled early before a late-week rally saw April contracts for bullion close relatively flat at US$1,340.20 per oz. May contracts for copper hit a four-week low during weekly trading before closing down US10.5¢ at US$3.08 per lb.

Explorer Laurentian Goldfields was the week’s big winner, as the company led both the value-added and percentage-gain categories with a 480%, or 36¢ jump, en route to a 44¢-per-share close. On March 4 Laurentian announced a substantial financing along with the completion of its acquisition of the Madsen gold project in the Red Lake camp in northwestern Ontario. The company closed a private placement wherein it issued 74 million shares at 25¢ per share for gross proceeds of $18.6 million.

The financing will allow Laurentian to expedite payment on its Madison acquisition from Claude Resources, with $6.3 million paid to date. In mid-January the company announced a letter of intent with Sabina Gold & Silver that will see it consolidate a 50 sq. km property along the 12 km Madison mine trend.

Saskatchewan-focused Fission Uranium had another busy week, with the company releasing results from a drill program at its Patterson Lake South discovery in the Athabasca basin. Fission was a top performer in the trade-volume category, with 18.2 million of the company’s shares trading hands, as it gained 18¢ en route to a $1.59-per-share close.

On March 5 Fission announced it had connected its 780E and 945E zones, and extended the new, joined zone eastward with a high-grade hit. Fission labelled the entire area zone 780E. At the zone’s eastern end, hole 158 cut 86 metres of mineralization in a 205-metre section, including 11 metres of off-scale radioactivity.

Flinders Resources jumped by 24¢ on 2.5 million shares traded before closing the week at 62¢ per share. On March 3 the company provided an update on its past-producing Woxna graphite mine in Sweden, which has been on care and maintenance since 2001. The company is placing orders for items such as vertical regrind mills and process-control hardware. Product-handling systems are nearly refurbished. The refurbished plant equipment will help the project reach production by July 2014.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
RPT Uranium RPT 19067 0.02 0.01 0.02 + 0.01
Midlands Minls MEX 18756 0.03 0.01 0.03 + 0.02
Fission Uran FCU 18178 1.59 1.36 1.59 + 0.18
Graphite One R GPH 13003 0.22 0.15 0.21 + 0.05
True Gold Mng TGM 7989 0.44 0.39 0.41 + 0.03
Klondike Gold KG 7152 0.03 0.02 0.02 - 0.01
Roxgold ROG 6641 0.74 0.6 0.67 + 0.05
Lomiko Mtls LMR 6452 0.14 0.11 0.12 - 0.02
Anglo Swiss ASW 6310 0.03 0.01 0.02 + 0.01
Alphamin Res AFM 6277 0.42 0.35 0.37 - 0.02

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Laurentian Glf LGF 485 0.49 0.35 0.44 + 480
Jiminex JIM 809 0.04 0.02 0.02 + 300
Crown Gold CWM 3962 0.03 0.01 0.02 + 300
Guyana Frntr M GYG 396 0.02 0.01 0.02 + 200
Advance Gold AAX 754 0.04 0.01 0.03 + 200
Supreme Res SPR 995 0.02 0.01 0.02 + 200
Midlands Minls MEX 18756 0.03 0.01 0.03 + 150
Glenmark Cap GLM 321 0.27 0.12 0.27 + 125
Signal Expl SNL 15 0.05 0.05 0.05 + 125
Eastern Merid EME 57 0.03 0.03 0.03 + 100
Corazon Gold CGW 2157 0.01 0.01 0.01 - 50
Canadn Plat CPC 16 0.01 0.01 0.01 - 50
Cascade Res CC 43 0.01 0.01 0.01 - 50
Gem Intl Res GI 260 0.01 0.01 0.01 - 50
Amerix Pr Mtls APM 10 0.01 0.01 0.01 - 50
Fieldex Expl FLX 850 0.01 0.01 0.01 - 50
Gitennes Expl GIT 24 0.02 0.01 0.01 - 50
Green Valley M GVY 27 0.01 0.01 0.01 - 50
Regent Vents REV 165 0.01 0.01 0.01 - 50
Bonterra Res BTR 948 0.01 0.01 0.01 - 50

TSX-V greatest value change


Company Symbol Change Close Change
Laurentian Glf LGF 484780 0.44 + 0.36
Bear Creek Mng BCM 423860 2.3 + 0.32
Zenyatta Vent ZEN 810110 2.74 + 0.3
Tasman Metals TSM 473076 1.42 + 0.24
Flinders Res FDR 2527584 0.62 + 0.24
Tsodilo Res TSD 81379 1.76 + 0.22
Atac Res ATC 1634494 1.54 + 0.21
Terrax Minls TXR 399582 0.75 + 0.2
Fission Uran FCU 18178464 1.59 + 0.18
Glenmark Cap GLM 320997 0.27 + 0.15
Reservoir Mnls RMC 240825 7.17 - 0.22
Gold Reserve GRZ 27180 3.39 - 0.21
Great Quest Me GQ 283427 1.95 - 0.17
Aurcana Corp AUN 1328387 1.12 - 0.13
Arian Silver AGQ 28400 0.87 - 0.13
Lumina Copper LCC 80406 5.25 - 0.11
Cortez Gold CUT 21710 0.45 - 0.11
Santacruz Silv SCZ 795503 1.01 - 0.1
Falco Pac Res FPC 1660272 0.72 - 0.09
Zimtu Capital ZC 39783 0.42 - 0.08


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Related News
Flinders to buy Big North Graphite
TSX Venture bounces back, Aug. 18-22
TSX Venture finishes in the red, Aug. 11-15
Related Press Releases
Claude Resources Drills 26.77 g/t Gold Over 8.7 m and Initiates Long-Hole Production at Santoy Gap
Fission Widens High-Grade R780E Zone; Hits Eight New Holes With >10,000 cps Radioactivity Starting at 60.8m Depth
Claude Resources Inc. Receives Final Payment of $2.5 Million Cash from Madsen Gold Project Sale
 



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