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TABLE OF CONTENTS Oct 28 - Nov 3, 2013 Volume 99 Number 37 - 0 comments

TSX Venture Exchange, Oct. 15-18

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2013-10-23

The S&P/TSX Venture Composite Index bounced back during the shortened trading period, gaining 2.3%, or 21.60 points, en route to a 950.97-point weekly close. Markets were buoyed by a resolution in the U.S. debt negotiations, as well as positive economic news out of China, where growth rebounded during the second quarter. Precious metals futures were on the rise, while energy and base-metal prices stayed relatively flat.

December contracts for gold bullion jumped 3.5%, or US$44, before closing out the trading period at US$1,315.90 per oz. Crude oil futures struggled, with December contracts for West Texas Intermediate ending the week at US$100.85 after dropping US$1.43 per barrel. December contracts for copper also finished in the red after losing 1.4¢ en route to a US$3.29 per lb. close.

Vancouver-based Cayden Resources lost 26¢ during the trading period before closing at $1.33 per share. On Oct. 16 the company released maiden results from a 25-hole drill program at its El Barqueno gold project in Jalisco State, Mexico. Cayden released assays from four holes collared at its Azteca zone that tested 400 metres of strike length, and all four intersected gold mineralization in the primary Azteca structure. One highlight is 59 metres grading 2.2 grams gold per tonne, 6.2 grams silver per tonne and 0.13% copper from 48 metres depth in hole 2. While drilling at depth Cayden encountered a copper-rich zone that had not been identified during target generation. The zone was discovered when hole 1 intersected 35 metres of 0.41 gram gold, 10.9 grams silver and 0.63% copper from 135 metres depth.

B.C.-focused explorer Barkerville Gold Mines rallied during its second week of trading after it was resumed trading on the Venture exchange in early October. The company gained 15¢ on 2.3 million shares traded during the week before closing at 65¢ per share. On Oct. 16 Barkerville released an update on its Cariboo gold project, which encompasses the Cow Mountain prospect, Bonanza Ledge mine and the QR mine and mill near Quesnel, B.C. The company is addressing inconsistencies in its Cow Mountain technical report that triggered a trading freeze by the B.C. Securities Commission in August 2012. Meanwhile, Bakerville is moving towards commissioning at its QR Mill, and has contracted Snowden Mining Industry Consultants to work on a pit design at its Bonanza Ledge and Barkerville Mountain assets.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Fission Uran FCU 7896 1.18 1.03 1.14 - 0.04
Alexandria Mnl AZX 6637 0.05 0.03 0.04   0
Nevada Clean M NVM 6043 0.03 0.02 0.03 + 0.01
Donner Metals DON 5529 0.01 0.01 0.01   0
Canada Carbon CCB 5472 0.26 0.16 0.22 + 0.03
Southern Hemis SH 5111 0.03 0.03 0.03   0
Taipan Res TPN 5038 0.38 0.27 0.3 - 0.09
Zenyatta Vent ZEN 4213 2.8 2.05 2.77 + 0.02
Spanish Mtn Gd SPA 4122 0.07 0.05 0.06   0
Arrowhead Gold AWH 4100 0.01 0.01 0.01 - 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Brandenburg En BBM 86 0.05 0.05 0.05 + 400
Prosperity Gdf PPG 15 0.1 0.02 0.1 + 375
Prime Merid Rs PMR 145 0.02 0.02 0.02 + 200
Mainstream Mnl MJO 228 0.02 0.01 0.02 + 200
Knick Expl KNX 353 0.04 0.02 0.04 + 100
Black Isle Res BIT 141 0.01 0.01 0.01 + 100
Lund Gold LGD 459 0.01 0.01 0.01 + 100
Cobalt Coal CCF 621 0.01 0.01 0.01 + 100
Aura Silver Rs AUU 15 0.02 0.02 0.02 + 100
Auracle Res AAL 101 0.01 0.01 0.01 + 100
Regent Vents REV 55 0.01 0.01 0.01 - 66.6
Remstar Res REM 952 0.02 0.01 0.01 - 50
Invenio Res IVO 149 0.02 0.01 0.01 - 50
Pac Comox Res PCM 449 0.01 0.01 0.01 - 50
Lakewood Mng LKW 60 0.01 0.01 0.01 - 50
Lovitt Res LRC 12 0.06 0.05 0.05 - 50
Edgewater Expl EDW 1408 0.12 0.06 0.07 - 50
Manado Gold MDO 67 0.05 0.03 0.03 - 50
Firestone Vent FV 12 0.01 0.01 0.01 - 50
Arrowhead Gold AWH 4100 0.01 0.01 0.01 - 50

TSX-V greatest value change


Company Symbol Change Close Change
Lumina Copper LCC 95895 5.99 + 0.62
SilverCrest Mn SVL 751954 1.9 + 0.26
Tasman Metals TSM 711148 0.94 + 0.22
Aurcana Corp AUN 355969 1.72 + 0.19
Barkerville Go BGM 2252834 0.65 + 0.15
Red Eagle Mng RD 243057 0.4 + 0.15
Bacanora Mnls BCN 1157440 0.49 + 0.14
Santacruz Silv SCZ 387177 1.2 + 0.11
Netco Silver NEI 153602 0.35 + 0.1
Colombian Mins CMJ 83950 0.33 + 0.09
Atacama Pac Gd ATM 35345 1.11 - 0.34
Cayden Res CYD 281859 1.33 - 0.26
Gold Reach Res GRV 188849 1.2 - 0.25
Alpha Mnls AMW 540665 5.95 - 0.18
Chesapeake Gld CKG 82382 3.12 - 0.17
Gold Std Vnt GSV 344028 0.81 - 0.11
Orefinders Res ORX 28000 0.2 - 0.09
Bralorne Gold BPM 13450 0.26 - 0.09
Taipan Res TPN 5037504 0.3 - 0.09
Kaminak Gold KAM 732816 0.65 - 0.08


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Related Press Releases
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Cayden Obtains Final Order for Arrangement with Agnico Eagle
Cayden securityholders approve acquisition of Cayden by Agnico Eagle
 



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