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TABLE OF CONTENTS Feb 3 - 9, 2014 Volume 99 Number 51 - 0 comments

TSX Venture Exchange, Jan. 20-24

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2014-01-29

The S&P/TSX Venture Composite Index took a breather during the trading sessions following a month-long run that saw it close near a three-year high last week. The Venture dropped 9.03 points during the trading period en route to a 967.34-point close, as emerging-market shares continued the worst start to a year since 2009, while China indicated its factory output could contract this month.

Gold futures hit more highs to start the year, with April contracts for bullion jumping US$13.90 during weekly trading en route to a US$1,269.80 per oz. close. Crude oil futures also finished in the green for a second straight week, as March contracts for West Texas Intermediate closed up 3%, or US$2.55, at US$96.89 per barrel. Copper was the weak spot during the trading period, with March contracts for the red metal dropping 2.4% before closing at US$3.26 per lb.

Africa-focused explorer Tsodilo Resources had a strong week after an exploration update at its Xaudum iron-ore project located in the northern portion of the Ngamiland region in Botswana. Shares gained 58%, or 40¢ during weekly trading, before closing out the period at $1.10 per share.

On Jan. 22 Tsodilo reported a “conservative exploration target” of between 5 billion and 7 billion tonnes of iron ore at Xaudum, with average grades between 15% and 40% iron. The company calculated its exploration target based on drill-hole data to the larger project area covered by the ground-magnetic–geophysical data by using a ground-magnetic–inversion model.

Athabasca-focused junior Fission Uranium led the Venture in shares traded during the week, with 12 million shares changing hands following an exploration update from its Patterson Lake South (PLS) project in northern Saskatchewan. The company finished the trading period near a four-month high at $1.24 per share. On Jan. 20 Fission announced it had initiated a US$20-million exploration program at PLS, with 90 drill holes to delineate seven shallow-depth zones.

Falco Pacific Resource Group soared 51%, or 21¢, on 1.2 million shares traded, before closing near a 10-week high at 62¢ per share. The jump came after mining engineer Paul-Henri Girard was appointed to the junior’s technical team. Girard spent 25 years with Agnico Eagle Mines, most recently as vice-president of Canadian operations.

The company reports that Girard was brought aboard to oversee the next phase of work at its historic Horne mine complex in Rouyn-Noranda, Que.

TSX-V most active issues

    Volume Week
    (000s) High Low Close Change
Fission Uran FCU 11848 1.25 1.13 1.19 - 0.01
Great Western GWG 9602 0.14 0.1 0.13 + 0.02
Excelsior Mng MIN 9461 0.48 0.36 0.4 - 0.08
Calibre Mng CXB 9315 0.05 0.04 0.04 - 0.01
Lomiko Mtls LMR 8160 0.17 0.12 0.12 - 0.03
Corazon Gold CGW 7911 0.01 0.01 0.01   0
Red Pine Expl RPX 6539 0.1 0.08 0.09 + 0.01
Aldrin Res ALN 6254 0.1 0.08 0.08 + 0.01
Unigold UGD 6195 0.09 0.06 0.08 + 0.01
RPT Uranium RPT 4857 0.01 0.01 0.01 + 0.01

TSX-V greatest percentage change

    Volume Week
    (000s) High Low Close Change
Cassius Vent CZ 91 0.02 0.01 0.02 + 300
La Quinta Res LAQ 67 0.02 0.01 0.02 + 200
Navasota Res NAV 113 0.12 0.08 0.12 + 140
Stakeholdr Gld SRC 1053 0.09 0.05 0.09 + 112.5
Arrowhead Gold AWH 55 0.01 0.01 0.01 + 100
Altan Rio Mnls AMO 35 0.07 0.05 0.07 + 100
Bear Lake Gold BLG 2756 0.04 0.02 0.04 + 100
Ditem Explor DIT 1516 0.01 0.01 0.01 + 100
Amerix Pr Mtls APM 448 0.01 0.01 0.01 + 100
Celeste Copper C 37 0.01 0.01 0.01 + 100
Pinestar Gold PNS 69 0.06 0.05 0.05 - 55
Angel Gold ANG 137 0.2 0.11 0.11 - 50
Northern Lion NL 1567 0.07 0.02 0.03 - 50
Quia Res QIA 1070 0.01 0.01 0.01 - 50
Reservoir Capt REO 2049 0.02 0.01 0.01 - 50
Tribute Res TRB 12 0.06 0.06 0.06 - 45
Cresval Cap CRV 25 0.03 0.02 0.02 - 42.8
Eastfield Res ETF 12 0.06 0.04 0.04 - 42.8
Bell Copper BCU 34 0.02 0.02 0.02 - 40
Shield Gold SHG 164 0.09 0.05 0.06 - 38.8

TSX-V greatest value change

    Week
    Change Close Change
Pac Booker Min BKM 12220 6.92 + 0.67
Tsodilo Res TSD 97575 1.1 + 0.4
Bullman Mnls BUL 70000 0.75 + 0.3
Probe Mines PRB 726698 2.74 + 0.24
Falco Pac Res FPC 1152200 0.62 + 0.21
Atacama Pac Gd ATM 16000 0.92 + 0.2
Gold Std Vnt GSV 1163127 0.87 + 0.16
Mirasol Res MRZ 130011 1.33 + 0.13
Volcanic Mtls VOL 173800 0.27 + 0.12
Gold Reserve GRZ 30311 4.22 + 0.11
Selwyn Res SWN 16776 1.74 - 0.71
Kennady Diam KDI 157236 4.32 - 0.52
Reservoir Mnls RMC 351207 5.68 - 0.17
Tasman Metals TSM 324198 1.19 - 0.17
Newmac Res NER 16870 0.35 - 0.15
Angel Gold ANG 136539 0.11 - 0.11
SilverCrest Mn SVL 663723 2.18 - 0.09
Palladon Vent PLL 43824 1.7 - 0.09
Athabasca Mnls ABM 303800 1.62 - 0.08
Excelsior Mng MIN 9461112 0.4 - 0.08


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Related Press Releases
Fission Receives Final Approval to List on the Toronto Stock Exchange
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Fission Receives Conditional Approval to List on the Toronto Stock Exchange
 



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