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TABLE OF CONTENTS Mar 3 - 9, 2014 Volume 100 Number 3 - 0 comments

TSX Venture carries momentum, Feb. 18-21

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2014-02-26

The S&P/TSX Venture Composite Index jumped 2.5%, or 25.31 points, en route to a 1,021.66-point close for the week. The Venture closed in the green for 11 straight trading days as it broke the 1,000-point barrier for the first time in nearly a year. Markets were driven by positive global economic data, with U.S. factory activity growing by its fastest pace in nearly four years and Japan announcing its intention to extend its extensive stimulus package.

Gold futures had a mixed week, as April contracts for bullion started strong before losing steam and closing down US$4.30 at US$1,324.20 per oz. May contracts for copper closed relatively flat at US$3.29 per lb.

Project generator Reservoir Minerals led the value-added category during the week after a substantial capital raise. The company closed up 66¢ on 613,000 shares traded at $6.90. On Feb. 20 Reservoir said it was planning to complete placements worth gross proceeds of $33 million.

The company intends on completing a non-brokered private placement for proceeds of $23 million, along with a brokered private placement worth $10 million with a syndicate of underwriters led by Scotiabank.

Reservoir says the funds will fund exploration at its Timok copper joint-venture in Serbia with Freeport-McMoRan Copper & Gold. The partners are delineating a resource on a porphyry body that lies northeast of the main Cukaru Peki deposit, which hosts 65.3 million inferred tonnes grading 2.6% copper and 1.5 grams gold per tonne.

Great Quest Metals finished a close second in value-added with a 57¢ gain on 613,300 shares traded en route to a $2.43 close. On Feb. 18 the company released quantitative results from product trials on direct application fertilizer from its flagship Tilemsi phosphate project in eastern Mali, West Africa. The company reported that  the results show direct application fertilizer is an effective replacement for costly imported chemical phosphate across the full range of crops and regions of Mali.

Fission Uranium was by far the week’s most actively traded company, with 20.5 million shares trading hands, resulting in a 9¢ gain en route to a $1.28-per-share close. On Feb. 19 Fission released assay results from hole 14-129 at its Patterson Lake South (PLS) uranium project in Saskatchewan’s Athabasca basin. The hole was collared at PLS’ R585E zone, and “returned a number of wide and particularly high-grade intervals in 100 metres of total composite mineralization.” Results include: 38.49% U3O8 over 10.5 metres within 13.66% U3O8 over 38 metres; and 27.57% U3O8 over 12 metres within 11.19% U3O8 over 31.5 metres. Reported intercepts run from depths of 56 metres to 167 metres.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Fission Uran FCU 20577 1.33 1.19 1.28 + 0.09
MacDonald Mns BMK 15913 0.02 0.01 0.01   0
Taipan Res TPN 10252 0.66 0.39 0.56 + 0.18
Sacre-Coeur Ml SCM 8391 0.07 0.04 0.05 - 0.01
Revolver Res RZ 7975 0.09 0.02 0.02 - 0.08
Chalice Diam COD 6895 0.03 0.03 0.03 - 0.01
Thelon Cap THC 6871 0.03 0.01 0.02 + 0.01
Geomega Res GMA 5269 0.69 0.39 0.69 + 0.31
Troymet Expl TYE 4917 0.01 0.01 0.01   0
IBC Adv Alloys IB 4830 0.27 0.2 0.22 + 0.05

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Goldspike Expl GSE 50 0.05 0.05 0.05 + 150
Next Gen Mtls N 1199 0.03 0.02 0.03 + 100
Auracle Res AAL 512 0.02 0.02 0.02 + 100
Burnstone Vent BVE 202 0.05 0.03 0.04 + 100
Firebird Res FIX 52 0.02 0.02 0.02 + 100
Amerix Pr Mtls APM 64 0.01 0.01 0.01 + 100
Platinex PTX 198 0.02 0.02 0.02 + 100
Matnic Res MIK 59 0.07 0.04 0.07 + 100
Pac Bay Mnrls PBM 60 0.03 0.03 0.03 + 100
Tosca Mng TSQ 165 0.11 0.07 0.11 + 90.9
Revolver Res RZ 7975 0.09 0.02 0.02 - 78.9
Compass Gold CVB 1547 0.01 0.01 0.01 - 75
Viking Gold VGC 197 0.02 0.02 0.02 - 50
Goldex Res GDX 1050 0.01 0.01 0.01 - 50
MacMillan Mnls MMX 57 0.01 0.01 0.01 - 50
Midasco Cap MGC 2231 0.01 0.01 0.01 - 50
Frontline Gold FGC 13 0.01 0.01 0.01 - 50
Quia Res QIA 445 0.01 0.01 0.01 - 50
Regent Vents REV 10 0.01 0.01 0.01 - 50
Baroyeca Go&Si BGS 104 0.01 0.01 0.01 - 50

TSX-V greatest value change


Company Symbol Change Close Change
Reservoir Mnls RMC 613317 6.9 + 0.66
Great Quest Me GQ 453019 2.43 + 0.57
Tsodilo Res TSD 43510 1.59 + 0.35
Geomega Res GMA 5269399 0.69 + 0.31
Almonty Ind AII 65498 0.95 + 0.21
Brazil Res BRI 1968880 1.1 + 0.2
Gresham Res GRC 270100 0.5 + 0.19
Taipan Res TPN 10252207 0.56 + 0.18
Avino Silver ASM 1788316 2.63 + 0.18
Bear Creek Mng BCM 984459 2.05 + 0.12
Gold Reserve GRZ 23497 3.62 - 0.18
SilverCrest Mn SVL 3341387 2.66 - 0.18
Probe Mines PRB 995861 3.13 - 0.12
Transition Mtl XTM 20500 0.23 - 0.11
Arianne Phosph DAN 746550 1.2 - 0.1
Atacama Pac Gd ATM 28910 0.86 - 0.09
Canada Zinc Mt CZX 356325 0.48 - 0.09
Kaminak Gold KAM 992267 0.88 - 0.09
Highland Res HI 157500 0.5 - 0.08
Revolver Res RZ 7975354 0.02 - 0.08


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Related News
TSX Venture bounces back, Aug. 18-22
TSX Venture finishes in the red, Aug. 11-15
Fission going strong at PLS
Related Press Releases
Fission Appoints Mr. Anthony Milewski to the Board
Reservoir Announces New Executive Appointments
Fission Connects 2 Zones; R780E Expands to 930m; Hits 10.45m Total Composite "Off-Scale" in 103.0m Composite Mineralization
 



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