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TABLE OF CONTENTS Aug 25 - 31, 2014 Volume 100 Number 28 - 0 comments

TSX Venture finishes in the red, Aug. 11-15

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2014-08-20

The S&P/TSX Venture Composite dropped 1.57 points en route to a 995.90-point weekly close. Markets continue to monitor the Russia–Ukraine crisis even as the eurozone economies released underwhelming economic data. Commodity futures also declined, while Statistics Canada reported that its New Housing Price Index rose 0.2% in June, up slightly from a 0.1% gain in May.

December contracts for gold bullion were down US$4.70 before closing the trading period at US$1,306.20 per oz. October contracts for West Texas Intermediate crude oil lost 2.4%, or US$2.34, en route to a US$95.32-per-barrel close. September contracts for copper declined 2.6%, or US8.3¢, before finishing the week at US$3.11 per lb.

True Gold Mining sat near the top of the value-traded category after it nailed down funding for its advanced Karma gold mine project in Burkina Faso. True Gold saw nearly 11 million of its shares change hands as it gained 2¢ after announcing a joint financing with Franco-Nevada and Sandstorm Gold. Shares ended the week at 45¢.

Under the US$100-million agreement, True Gold is on the hook for 100,000 oz. gold over five years and thereafter 6.5% of the equivalent amount of gold produced at Karma in exchange for ongoing payments. True Gold has the option to increase the financing by US$20 million over the next 18 months by delivering another 30,000 oz. gold.

Graphite developer Zenyatta Ventures received a stock boost after strengthening its board of directors. Shares jumped 20¢ during before closing out the period at $2.04 per share. Zenyatta added Kenneth Stowe to its board as it moves its Albany graphite project in Ontario towards the feasibility stage.

Stowe was previously the president and CEO of Northgate Minerals and has 35 years of industry experience, including overseeing the feasibility study at the Voisey’s Bay nickel–copper deposit in Labrador.

Fission Uranium was near the top of value-traded category after releasing assays from five holes drilled several months ago at the R790E zone on its Patterson Lake South  discovery on the margin of Saskatchewan’s Athabasca basin. The company traded 10.4 million shares during the week, as it lost 7¢ en route to a $1.28-per-share close.

On Aug. 13 Fission reported results from targets on the eastern area of R780E, with three of five holes intersecting “substantial width and grade of uranium mineralization at a shallow depth.” The assays are the company’s final round from its “R zone” drill program, and are highlighted by 22% uranium oxide (U3O8) over 10 metres in hole 14-209, and 11.8% U3O8 over 22.5 metres in hole 14-215.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
China Mnls Mng CMV 11271 0.01 0.01 0.01 - 0.01
True Gold Mng TGM 10907 0.45 0.39 0.44 + 0.02
Fission Uran FCU 10478 1.36 1.25 1.28 - 0.07
Lomiko Mtls LMR 10463 0.08 0.06 0.08 + 0.02
Comstock Mtls CSL 7218 0.04 0.02 0.04 + 0.01
GWR Res GWQ 5857 0.03 0.01 0.02 - 0.02
Canada Carbon CCB 5847 0.26 0.19 0.25 + 0.07
Chalice Diam COD 5705 0.02 0.01 0.02   0
Big North Grap NRT 5230 0.09 0.06 0.07 + 0.01
Honey Badger E TUF 5123 0.03 0.02 0.02 - 0.02

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Nitinat Mnls NZZ 73 0.09 0.01 0.09 + 1600
Prime Merid Rs PMR 27 0.12 0.1 0.12 + 380
Mega Copper MCU 31 0.14 0.1 0.14 + 115.3
Bonterra Res BTR 1907 0.02 0.01 0.01 + 100
Blind Crk Res BCK 193 0.01 0.01 0.01 + 100
Fieldex Expl FLX 24 0.01 0.01 0.01 + 100
NQ Expl NQE 156 0.02 0.02 0.02 + 100
Arcturus Res AZN 10 0.02 0.02 0.02 + 100
Cariboo Rose CRB 40 0.07 0.05 0.07 + 85.7
Gentor Res GNT 18 0.11 0.1 0.11 + 75
African Queen AQ 939 0.03 0.02 0.02 - 63.6
China Mnls Mng CMV 11271 0.01 0.01 0.01 - 50
Reliance Res RI 29 0.01 0.01 0.01 - 50
Central Iron O CIO 100 0.01 0.01 0.01 - 50
GWR Res GWQ 5857 0.03 0.01 0.02 - 42.8
Honey Badger E TUF 5123 0.03 0.02 0.02 - 42.8
Saville Res SRE 111 0.06 0.04 0.04 - 41.6
Electra Gold ELT 21 0.07 0.06 0.06 - 38.8
Corazon Gold CGW 214 0.11 0.07 0.07 - 36.3
Clear Mtn Res CY 70 0.12 0.04 0.07 - 35

TSX-V greatest value change


Company Symbol Change Close Change
Ascot Res AOT 956468 1.39 + 0.49
Kennady Diam KDI 134990 6.99 + 0.48
Cayden Res CYD 576348 2.89 + 0.29
Zenyatta Vent ZEN 1361302 2.04 + 0.2
Flinders Res FDR 1052154 1.05 + 0.2
Niocorp Dev NB 2026122 0.68 + 0.13
Bacanora Mnls BCN 1414075 1.53 + 0.12
Reservoir Capt REO 84354 0.5 + 0.12
Barkerville Go BGM 882836 0.46 + 0.11
Prime Merid Rs PMR 27250 0.12 + 0.1
Gold Reserve GRZ 26400 4.38 - 0.22
Great Quest Me GQ 90340 1.64 - 0.16
Marlin Gold MLN 16994 1.1 - 0.14
Tsodilo Res TSD 15041 1.17 - 0.13
Reservoir Mnls RMC 152632 6.01 - 0.13
North Arrow Mn NAR 48150 0.65 - 0.11
Chesapeake Gld CKG 20481 3.4 - 0.1
Palladon Vent PLL 58108 1.39 - 0.09
Northern Graph NGC 1227231 1.15 - 0.08
Fission Uran FCU 10478124 1.28 - 0.07


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Related News
True Gold targets first gold pour in late 2015
Better days await the junior sector, PwC reports
Uranium stocks jump on Japanese nuclear restart news
Related Press Releases
True Gold Mining Inc.: Karma Gold Mine Construction on Time, on Budget
True Gold Mining Provides Update on Events in Burkina Faso
Fission Hits 24.87% U3O8 Over 7.5M (LINE 510E); Expands R780E Zone
 



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