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TABLE OF CONTENTS May 19 - 25, 2014 Volume 100 Number 14 - 0 comments

TSX Venture has a rough week, May 5-9

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2014-05-14

The S&P/TSX Venture Composite Index racked up a week of straight losses totalling 2.3%, or 23.4 points, before closing at 991.1. Statsistics Canada reported that the country lost 28,900 jobs in April. Meanwhile, commodity futures were relatively flat despite positive inflation news out of China, where consumer prices rose 1.8% year-on-year, which could give the central government more room to apply stimulus measures.

June contracts for gold bullion dropped US$11.90 during the week and closed at US$1,288.80 per oz. Copper rose on the positive Chinese economic data late in the week, as July contracts for the red metal gained US3.2¢ before closing at US$3.09 per lb.

Explorer Kennady Diamonds led the value-added category after updating shareholders on its exploration efforts at its wholly owned Kennady North project in the Northwest Territories. Shares jumped 80¢ before closing out the week at $5.95. On May 8 Kennady released results from delineation drilling at its Faraday kimberlite, which found a kimberlite “blow” in the Faraday 3 area. The company says that the discovery could increase the tonnage of the target, with the Faraday kimberlite mapped over a 1 km strike length.

Calgary-based Bacanora Minerals had a strong trading week following exploration results from its Sonora Lithium project, 180 km northeast of Hermosillo, Mexico. The company gained 28¢ on 1.4 million shares traded before closing at 72¢ per share. Bacanora released drill results from concessions at Sonora held under a joint venture with London-listed Rare Earth Minerals. Results from 11 holes on the El Sauz and Fleur concessions returned “significant lithium intercepts,” including: 15 metres grading 1.93% lithium carbonate from 44 metres depth in hole ES-31, and 17 metres of 0.91% Li2CO3 from 107 metres depth in hole ES-35.

Junior Brilliant Resources led the volume-traded column during the week after Toronto-based private equity firm Salida Capital International acquired 2.7% of the company’s shares via funds it manages and advises. Salida picked up 4 million shares of Brilliant at 8.5¢ each to bring its equity stake up to 19.67%. Brilliant saw 13 million of its shares change hands during the trading period, as it dropped 3¢ en route to a 6¢ close.

Brilliant is collaborating with the government of Equatorial Guinea to develop the country’s mineral assets. The company is running airborne geophysics and geological interpretation in return for first rights to mineral concessions equal to 15% of the area flown. To date surveying has found over 3,000 geophysical anomalies and generated 234 exploration targets.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Brilliant Res BLT 13142 0.1 0.06 0.06 - 0.03
Temex Res TME 10669 0.08 0.07 0.07 - 0.01
Largo Res LGO 8869 0.29 0.26 0.27 - 0.02
Fission Uran FCU 8853 1.28 1.04 1.13 - 0.15
Red Pine Expl RPX 7000 0.05 0.04 0.05 + 0.01
Gold Canyon GCU 6368 0.29 0.25 0.27 - 0.03
WestStar Res WER 5769 0.06 0.04 0.04   0
Guyana Prec Mt GPM 5685 0.09 0.07 0.07 - 0.01
Lomiko Mtls LMR 5679 0.08 0.06 0.07 - 0.01
Papuan Prec Mt PAU 5330 0.15 0.1 0.11 - 0.02

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Bard Vent CBS 367 0.04 0.02 0.03 + 150
Auracle Res AAL 1297 0.02 0.01 0.01 + 100
Bonterra Res BTR 577 0.01 0.01 0.01 + 100
Cascadero Copp CCD 100 0.01 0.01 0.01 + 100
Thor Expl THX 75 0.07 0.05 0.07 + 75
Northern Iron NFE 1743 0.04 0.03 0.04 + 75
Running Fox Rs RUN 382 0.04 0.03 0.04 + 75
Anconia Res ARA 226 0.1 0.06 0.1 + 72.7
Seafield Res SFF 1984 0.03 0.02 0.03 + 66.6
Noble Mnl Expl NOB 3677 0.03 0.02 0.03 + 66.6
MPH Vent MPS 482 0.01 0.01 0.01 - 50
Anglo Swiss ASW 254 0.01 0.01 0.01 - 50
Plato Gold PGC 140 0.01 0.01 0.01 - 50
Sennen Res SN 75 0.09 0.07 0.07 - 50
Baroyeca Go&Si BGS 83 0.02 0.02 0.02 - 40
Laurion Mnl Ex LME 258 0.03 0.02 0.02 - 40
Copper Ck Gold CPV 11 0.02 0.02 0.02 - 40
Zonte Mtls ZON 78 0.08 0.06 0.06 - 38.8
Corazon Gold CGW 17 0.23 0.12 0.13 - 37.5
Fort St J Nick FTJ 97 0.06 0.04 0.04 - 33.3

TSX-V greatest value change


Company Symbol Change Close Change
Kennady Diam KDI 105814 5.95 + 0.8
Lumina Copper LCC 131525 5.9 + 0.63
Bacanora Mnls BCN 1411545 0.72 + 0.28
Reservoir Mnls RMC 140501 6.41 + 0.17
Great Quest Me GQ 173989 1.54 + 0.14
Gold Reserve GRZ 22489 3.61 + 0.11
Nevada Sunrise NEV 426890 1.15 + 0.1
Doubleview Cap DBV 2124483 0.35 + 0.09
Taipan Res TPN 3280291 0.49 + 0.09
Cordoba Mnls CDB 50000 0.4 + 0.06
Pac Booker Min BKM 25678 5 - 0.75
Tasman Metals TSM 90388 1.38 - 0.23
Probe Mines PRB 1483207 2.26 - 0.19
American Vanad AVC 1253505 0.54 - 0.16
Fission Uran FCU 8853331 1.13 - 0.15
Flinders Res FDR 948200 0.83 - 0.13
Eurasian Minls EMX 47506 0.9 - 0.12
Anfield Nickel ANF 742389 0.91 - 0.12
Abitibi Royalt RZZ 20919 1.5 - 0.1
Astur Gold AST 63040 0.28 - 0.09


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Related Press Releases
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Kennady Diamonds Resumes Drilling at Kelvin Kimberlite
 



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