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TABLE OF CONTENTS May 12 - 18, 2014 Volume 100 Number 13 - 0 comments

TSX Venture closes flat, April 28-May 2

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2014-05-07

The S&P/TSX Venture Composite Index shrugged off early week doldrums to gain 0.87 of a point during the trading sessions, en route to 1,014.46-point close. Commodity futures rallied late in the period, while a U.S. economic report indicated job growth had expanded at the fastest rate in more than two years in April. The Canadian dollar closed out the week at US91.1¢.

June contracts for gold bullion popped at the end of the trading period before closing down US$4.50 at US$1,299.70 per oz. Crude oil futures followed a similar trading pattern, with June contracts for West Texas Intermediate ending the week down US83¢ at US$99.92 per barrel. July contracts for copper hit a mid-week low of US$3 per lb., before bouncing back to close down US2.9¢ at US$3.06 per lb.

Integrated-energy outfit American Vanadium was near the top of the value-added category during the week, as the company added to its management team and extended the second tranche of a private placement. American Vanadium gained 21¢ on 2.8 million shares traded before closing out the week at 70¢ per share.

The company raised $4 million in early March during its first tranche, wherein it issued 10 million units priced at 40¢ per unit to Dundee Corp.

Former investment banker Bill Whalen is stepping in as American Vanadium’s non-executive chairman, which follows news that the company will partner with the New York State Energy Research and Development Authority to demonstrate its patented vanadium redox flow energy storage system.

Probe Mines released assays from 34 holes testing 600 metres of strike along Borden’s high-grade zone (HGZ). Despite reporting “42 significant intercepts averaging 2.3 grams gold per tonne over a drill-indicated width of 18.8 metres,” Probe dropped 54¢ on 2.4 million shares traded during the week, en route to a $2.45 close.

Probe reported that the HGZ reaches an average 480 metres deep, with highlights including: 71 metres grading 3.5 grams gold from 495 metres depth in hole 14-611; 40 metres averaging 3 grams gold from 594 metres depth in hole 14-616W; and 23 metres of 1.2 grams gold from 452 metres depth in hole 14-594. The company says the “thick intersections of gold mineralization” could be “amenable to underground mining.”

Explorer Fission Uranium topped the volume-traded category with 12.9 million shares changing hands, dropping 3¢ en route to a $1.28-per-share close. The company has wrapped up its winter exploration program at its Patterson Lake South discovery outside Saskatchewan’s Athabasca basin.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Fission Uran FCU 12918 1.32 1.17 1.28 - 0.03
KWG Res KWG 10495 0.09 0.07 0.08 + 0.01
Papuan Prec Mt PAU 10417 0.16 0.06 0.12 + 0.06
Stans Energy HRE 9448 0.22 0.07 0.17 + 0.09
EurOmax Res EOX 5916 0.22 0.13 0.21 + 0.07
Thelon Cap THC 5412 0.09 0.07 0.07 - 0.02
New Dimen Res NDR 5095 0.02 0.01 0.01   0
Avanti Mng AVT 5093 0.08 0.06 0.07 + 0.01
Malbex Res MBG 4156 0.04 0.03 0.04   0
Plato Gold PGC 3727 0.01 0.01 0.01   0

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Arco Res ARR 58 0.07 0.04 0.05 + 800
IEMR Res IRI 19 0.02 0.02 0.02 + 200
New Oroperu Rs ORO 56 0.34 0.17 0.34 + 119.3
Stans Energy HRE 9448 0.22 0.07 0.17 + 106.2
Gitennes Expl GIT 230 0.03 0.02 0.03 + 100
Papuan Prec Mt PAU 10417 0.16 0.06 0.12 + 100
Aldershot Res ALZ 400 0.01 0.01 0.01 + 100
Virgin Metals VGM 1872 0.03 0.01 0.02 + 100
Canuc Res CDA 13 0.04 0.04 0.04 + 75
AurCrest Gold AGO 1405 0.04 0.02 0.04 + 75
Green Valley M GVY 859 0.02 0.01 0.01 - 66.6
Pantheon Vent PVX 695 0.04 0.02 0.02 - 66.6
Auracle Res AAL 439 0.01 0.01 0.01 - 50
Cascadero Copp CCD 1032 0.01 0.01 0.01 - 50
Hudson River M HRM 87 0.01 0.01 0.01 - 50
MacMillan Mnls MMX 1135 0.03 0.02 0.02 - 50
African Metals AFR 101 0.01 0.01 0.01 - 50
Frontline Gold FGC 731 0.01 0.01 0.01 - 50
Crown Gold CWM 20 0.01 0.01 0.01 - 33.3
Camino Mnls COR 784 0.01 0.01 0.01 - 33.3

TSX-V greatest value change


Company Symbol Change Close Change
Lumina Copper LCC 118852 5.27 + 0.33
American Vanad AVC 2836995 0.7 + 0.21
Flinders Res FDR 2143160 0.96 + 0.19
New Oroperu Rs ORO 55533 0.34 + 0.19
Tasman Metals TSM 181428 1.61 + 0.17
Kennady Diam KDI 23267 5.15 + 0.15
Cayden Res CYD 700830 1.96 + 0.11
Abitibi Royalt RZZ 19546 1.6 + 0.1
Stans Energy HRE 9447694 0.17 + 0.09
EurOmax Res EOX 5916357 0.21 + 0.07
Probe Mines PRB 2445282 2.45 - 0.54
Reservoir Mnls RMC 135538 6.24 - 0.39
Atacama Pac Gd ATM 11000 0.75 - 0.15
Nevada Sunrise NEV 802046 1.05 - 0.11
Plate Res PLR 50500 0.18 - 0.08
Newstrike Cap NES 158130 0.89 - 0.08
Mirasol Res MRZ 126475 1.22 - 0.08
Arianne Phosph DAN 334281 1.08 - 0.07
Cordoba Mnls CDB 1197919 0.34 - 0.07
Athabasca Mnls ABM 391565 1.71 - 0.07


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Related News
TSX Venture hits new low, Dec. 8-12
Probe closes key $41.6M land deal at Borden
PDAC announces 2015 award recipients
Related Press Releases
Probe Mines Announces Grant of Options
Probe Mines Consolidates 100% Ownership of the Borden Gold District
Probe Mines President & CEO, Dr. David Palmer, Honoured with PDAC's Bill Dennis Award
 



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