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TABLE OF CONTENTS Sep 8 - 14, 2014 Volume 100 Number 30 - 0 comments

TSX Venture on the rise, Aug. 25-29

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2014-09-03

The S&P/TSX Venture Composite finished in the green for the second straight week during the trading period, as it jumped 1.8%, or 18.41 points, en route to a 1,023.99-point close. Markets followed energy and precious metals futures upward, with Statistics Canada reporting gross domestic product growth at an annual rate of 3.1% in the second quarter. Meanwhile, European Union foreign ministers met to discuss the Ukraine crisis amid calls to boost economic sanctions against Russia.

December contracts for gold bullion gained US$7.20 before closing the trading period at US$1,287.40 per oz. Crude oil was also on the rise, as October contracts for West Texas Intermediate jumped 2.7%, or US$2.56, en route to a US$95.96-per-barrel weekly close. December contracts for copper dropped 2%, or US6.3¢, before closing at US$3.16 per lb.

Alberta-focused Athabasca Minerals saw its shares gain ground after approvals from Alberta Environment and Sustainable Resource Development (ESRD) that will allow it to remove silica sand from its Firebag project within the Wood Buffalo region of northeastern Alberta. The company gained 36¢ on 3 million shares traded during the week before closing at $2.64 per share.

Athabasca has received a 10-year permit to mine raw silica sand for the oil and gas industry. The company has finished a number of independent tests on Firebag’s sand , and has demonstrated its use as frac sand. President and CEO Dom Kriangkum said that based on “analysis and discussion with end users,” Athabasca believes it can become an industry leader by supplying “high-quality, local frac sand” to Canada’s oil and gas producers.

Greenflag Ventures experienced an uptick in trading activity after announcing a potential acquisition. The company saw 7.5 million shares change hands as it gained 1¢ en route to a 9¢-per-share close. On Aug. 27 Greenflag reported it was “considering” the acquisition of Bermuda-based specialty financial company 33 Ltd.

Greenflag specializes in capital investment and financial advisory, with a focus on the natural resource sector. The company’s current mineral exploration asset is the Kuyakuz gold property in central B.C. It has reportedly generated $3 million in revenues so far in 2014, and specializes in financing mining companies.

Explorer Atac Resources had a rough week after it released drill results from its 1,700 sq. km Rackla gold project, 55 km northeast of Keno City, Yukon. The company lost 14¢ on 2.2 million shares traded before closing out the trading period at 83¢ per share.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Lomiko Mtls LMR 10857 0.11 0.07 0.1 + 0.03
Greenflag Vent GFV 7458 0.14 0.08 0.09 + 0.01
Quaterra Res QTA 5935 0.07 0.04 0.06 + 0.02
Canada Carbon CCB 5793 0.29 0.22 0.24 - 0.02
Discovery Vent DVN 4851 0.38 0.33 0.38 + 0.06
Boxxer Gold BXX 4631 0.05 0.04 0.05 + 0.01
Red Pine Expl RPX 4604 0.02 0.01 0.01 - 0.01
Seafield Res SFF 4563 0.01 0.01 0.01 - 0.01
Merrex Gold MXI 4409 0.24 0.14 0.18 + 0.03
Nemaska Lith NMX 4362 0.25 0.19 0.24 - 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Argentum Silvr ASL 41 0.09 0.07 0.09 + 800
Augen Gold GLD 1167 0.12 0.05 0.12 + 166.6
Mill City Intl MC 62 0.2 0.12 0.16 + 158.3
Dundarave Res DDX 29 0.25 0.15 0.25 + 117.3
Lorraine Coppr LLC 3144 0.12 0.04 0.09 + 112.5
Eastern Merid EME 55 0.03 0.02 0.03 + 100
Frontline Gold FGC 75 0.01 0.01 0.01 + 100
Arcturus Res AZN 70 0.02 0.02 0.02 + 100
Brookemnt  Cpt BKT 734 0.01 0.01 0.01 + 100
Bonterra Res BTR 849 0.01 0.01 0.01 + 100
Millstream Min MLM 70 0.01 0.01 0.01 - 50
Colibri Res CBI 74 0.01 0.01 0.01 - 50
Green Valley M GVY 50 0.01 0.01 0.01 - 50
Kazax Mnls KZX 937 0.03 0.02 0.02 - 50
Apogee Silver APE 710 0.01 0.01 0.01 - 50
Seafield Res SFF 4563 0.01 0.01 0.01 - 50
Blind Crk Res BCK 55 0.01 0.01 0.01 - 50
Metalcorp MTC 136 0.01 0.01 0.01 - 50
Reliance Res RI 41 0.01 0.01 0.01 - 50
Reliant Gold REC 27 0.03 0.03 0.03 - 50

TSX-V greatest value change


Company Symbol Change Close Change
Kennady Diam KDI 131053 7.81 + 0.56
Ascot Res AOT 921320 2.29 + 0.44
Athabasca Mnls ABM 2974168 2.64 + 0.36
Titanium Corp TIC 1613328 2.03 + 0.23
Catalyst Coppr CCY 193214 0.49 + 0.14
Dundarave Res DDX 28833 0.25 + 0.14
Bear Creek Mng BCM 445995 3.53 + 0.12
Geomega Res GMA 2437699 0.36 + 0.12
Goldstrike Res GSR 3820245 0.27 + 0.11
EPM Mng Vent EPK 523653 0.36 + 0.1
Abitibi Royalt RZZ 33380 3.67 - 0.23
Northern Sun M NSC 36783 0.18 - 0.15
Atac Res ATC 2192264 0.83 - 0.14
Cordoba Mnls CDB 512200 0.49 - 0.11
EurOmax Res EOX 13750 0.32 - 0.1
Midland Expl MD 26435 0.88 - 0.09
Energold Drill EGD 134832 1.46 - 0.09
Lara Expl LRA 39785 0.76 - 0.08
Tasman Metals TSM 170929 1.03 - 0.08
Gold Reach Res GRV 44530 0.57 - 0.07


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Related News
Atac sees modest gold mine at Tiger in Yukon
TSX Venture loses ground, July 28-Aug. 1
Dundee initiates coverage of Athabasca Minerals
Related Press Releases
ATAC Resources Intersects 40.22 m of 6.57 g/t Gold, Rackla Gold Project-Yukon
Athabasca Minerals Announces Inferred Resource at the Firebag Silica Sand Project
ATAC Files Preliminary Economic Assessment NI 43-101 Technical Report for the Tiger Deposit - Yukon, Canada
 



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