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TABLE OF CONTENTS Feb 24 - Mar 2, 2014 Volume 100 Number 2 - 0 comments

TSX Venture on the rise, Feb. 10-14

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2014-02-19

The S&P/TSX Venture Composite Index carried a wave of momentum to a full week’s worth of gains during the trading session, as it jumped 3.6%, or 34.25 points, en route to a 996.25-point close. Markets were buoyed by rising gold prices and strong economic indicators out of China, Germany and Italy. Meanwhile, the Canadian dollar gained 4.5¢ before closing at US91¢.

Gold futures were on the rise for a second straight week, with April contracts for bullion jumping 4%, or US$51.50, en route to a US$1,318.70 per oz. close. March contracts for copper rose US1.7¢ before finishing the week at US$3.26 per lb., while March contracts for West Texas Intermediate traded relatively flat en route to a US$100.36-per-barrel close.

The value-added category was dominated by precious-metal companies during the trading period, as rising gold prices drove strong gains. Toronto-based Probe Mines was the highest riser during the week, as the company advanced 68¢ en route to a $3.25-per-share close.

On Feb. 10 Probe released results from 12 infill drill holes at its Borden gold project near Chapleau, Ont. Drilling was focused on demonstrating consistency within the project’s High-Grade zone, with results highlighted by 39 metres grading 16.3 grams gold per tonne from 458 metres depth in hole 14-573, and 44 metres averaging 2.6 grams gold from 487 metres depth in hole 13-567.

Gold explorer Atac Resources also rose on higher metal prices, with the company jumping 49¢, or 61.3%, before closing at $1.29 per share. Silver producers were additional beneficiaries, as SilverCrest Mines gained 17%, or 41¢, before closing at $2.84 per share, while Aurcana popped 48%, or 43¢, en route to a $1.33-per-share close.

Fission Uranium had another busy week, as the company traded 10.4 million shares and gained 3¢ before closing at $1.19 per share. On Feb. 10 Fission released results from seven holes collared at its Patterson Lake South (PLS) uranium discovery near Saskatchewan’s Athabasca basin.

The company reported all its holes hit “strong, wide intervals of uranium mineralization,” with highlights including: 6.1 metres of total composite “off-scale” radioactivity in hole 14-132. Altogether, the holes reportedly doubled the lateral width from 10 metres to 20 metres on section lines of zones R390E, R585E and R945E.

The trading period wasn’t as kind to industrial-driven metals, with Lumina Copper and its advanced-stage Taca Taca copper–gold–molybdenum project in the Puna region of northwestern Argentina leading the value-lost category. Lumina dropped 36¢ en route to a $5.30-per-share close.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Glass Earth GEL 11202 0.01 0.01 0.01 - 0.01
Fission Uran FCU 10380 1.22 1.15 1.19 + 0.03
Canadn Arrow CRO 9950 0.01 0.01 0.01 - 0.01
Delta Gold DLT 9207 0.05 0.03 0.03 - 0.03
Stroud Res SDR 9137 0.01 0.01 0.01   0
Oroco Res OCO 8246 0.12 0.08 0.08 - 0.03
UC Res UC 8091 0.01 0.01 0.01   0
True Gold Mng TGM 7826 0.42 0.39 0.4 + 0.01
Canada Rare Ea CJC 7469 0.12 0.09 0.09 - 0.01
AurCrest Gold AGO 7269 0.02 0.01 0.01 - 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Compass Gold CVB 32 0.02 0.01 0.02 + 300
Nunavik Nickel KZZ 15 0.12 0.05 0.12 + 187.5
Amador Gold AGX 686 0.03 0.02 0.03 + 150
Defiance Silvr DEF 516 0.12 0.05 0.11 + 144.4
Hawkeye Gld&Di HGO 238 0.04 0.02 0.04 + 133.3
Oronova Res ONV 14 0.08 0.06 0.08 + 128.5
Rogue Iron Ore RRS 590 0.19 0.07 0.19 + 105.5
China Mnls Mng CMV 173 0.02 0.02 0.02 + 100
Lago Dourado M LDM 1353 0.02 0.01 0.02 + 100
Iconic Mnls ICM 523 0.04 0.02 0.03 + 100
Canadn Arrow CRO 9950 0.01 0.01 0.01 - 66.6
Delta Gold DLT 9207 0.05 0.03 0.03 - 54.5
Eastfield Res ETF 150 0.05 0.03 0.03 - 50
Glass Earth GEL 11202 0.01 0.01 0.01 - 50
Celeste Copper C 2299 0.01 0.01 0.01 - 50
AurCrest Gold AGO 7269 0.02 0.01 0.01 - 50
Guyana Frntr M GYG 3185 0.01 0.01 0.01 - 50
Darwin Res DAR 6959 0.2 0.05 0.05 - 50
Fire River Gol FAU 1462 0.01 0.01 0.01 - 50
Firebird Res FIX 440 0.02 0.01 0.01 - 50

TSX-V greatest value change


Company Symbol Change Close Change
Probe Mines PRB 1518570 3.25 + 0.68
Atac Res ATC 3051821 1.29 + 0.49
Great Quest Me GQ 489806 1.86 + 0.43
Aurcana Corp AUN 1512198 1.33 + 0.43
SilverCrest Mn SVL 1917807 2.84 + 0.41
Avino Silver ASM 780294 2.45 + 0.34
Mirasol Res MRZ 412795 1.63 + 0.34
Energold Drill EGD 213450 1.9 + 0.26
Cayden Res CYD 476818 1.6 + 0.21
Arian Silver AGQ 83295 0.7 + 0.2
Lumina Copper LCC 135045 5.3 - 0.36
Tsodilo Res TSD 118966 1.24 - 0.23
Sandstorm Mt&E SND 260460 1.15 - 0.12
Diamcor Mng DMI 27052 1.4 - 0.1
Nevada Sunrise NEV 46959 0.25 - 0.1
Tiller Res TIR 87000 0.12 - 0.09
EurOmax Res EOX 741712 0.21 - 0.06
Timberline Res TBR 232682 0.15 - 0.06
Darwin Res DAR 6959437 0.05 - 0.05
Arianne Phosph DAN 346033 1.3 - 0.05


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