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TABLE OF CONTENTS Feb 10 - 16, 2014 Volume 99 Number 52 - 0 comments

TSX Venture Exchange, Jan. 27-31

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2014-02-05

The S&P/TSX Venture Composite Index took a step back for the second straight week, falling 1.7%, or 15.99 points, before closing the trading period at 951.32 points. Emerging markets and China’s increasing credit risk were concerns for investors, while underwhelming income growth in the U.S. in December cooled sentiment on the American recovery.

Metals futures finished the week in the red, though higher oil prices spiked energy stocks.

Gold futures tailed off this week after hitting a four-month high in the previous trading period, as April contracts lost 2.5%, or US$31.40, before closing at US$1,244.20 per oz. Copper futures also finished the week in the red, with March contracts closing down 2.1%, or US6.9¢, at US$3.19 per lb.

Project-generator Reservoir Minerals enjoyed a market boost after an exploration update from its Timok copper–gold joint venture in eastern Serbia. Shares rose 47¢ on 1.1 million traded during the week en route to $6.15-per-share close. On Jan. 27 Reservoir and partner Freeport-McMoRan Copper & Gold announced an initial resource estimate for Timok’s high-sulphidation epithermal Cukaru Peki zone.

Timok’s inferred resource totals 65.3 million tonnes grading 2.6% copper and 1.5 grams gold per tonne — or 3.5% copper equivalent — containing 1.7 million tonnes copper and 3.1 million oz. gold. The companies’ resource includes a high-grade massive-sulphide portion hosting 6.8 million tonnes at 9.6% copper and 5.9 grams gold. All resource estimates use a 1% copper-equivalent cut-off grade.

Graphite explorer Caribou King Resources led the shares-traded category after a series of press releases concerning its Mulloy project, 10 km west of Zenyatta Ventures’ Albany graphite discovery in Ontario. Caribou saw 1.23 million shares change hands during the trading sessions, as it rose 2¢ to 6¢.

Caribou struck an exploration agreement at Mulloy with the regional Constance Lake First Nation, and received drill permits to test seven electromagnetic (EM) conductors and confirm a historic graphite drill hole by Shell Canada Resources that found 90% visual graphite over 38 metres.

Caribou finished the trading period by arranging a non-brokered private placement with 4 million flow-through units and up to 3 million common units at 5¢ per unit, for gross proceeds of $350,000.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
MacDonald Mns BMK 15976 0.02 0.01 0.02   0
Caribou King R CKR 12291 0.07 0.04 0.06 + 0.02
Fission Uran FCU 12075 1.26 1.17 1.23 + 0.04
Apogee Silver APE 11472 0.02 0.01 0.01 - 0.01
Bear Lake Gold BLG 11228 0.05 0.03 0.04 - 0.01
NWM Mng NWM 10019 0.01 0.01 0.01   0
True Gold Mng TGM 8381 0.48 0.39 0.39 - 0.06
Oroco Res OCO 7910 0.05 0.04 0.05 + 0.02
RPT Uranium RPT 7269 0.01 0.01 0.01 - 0.01
Corazon Gold CGW 7125 0.01 0.01 0.01   0

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Noble Metal Gr NMG 18 0.02 0.01 0.02 + 200
QMC Quantum Ml QMC 151 0.1 0.04 0.1 + 122.2
Transition Mtl XTM 440 0.26 0.12 0.21 + 110
MacMillan Mnls MMX 10 0.02 0.02 0.02 + 100
Acrex Vent AKV 282 0.01 0.01 0.01 + 100
Gitennes Expl GIT 53 0.01 0.01 0.01 + 100
Prominex Res PXR 139 0.04 0.03 0.04 + 100
Advance Gold AAX 231 0.03 0.02 0.02 + 100
Canadn Mining CNG 1244 0.03 0.01 0.02 + 100
Proam Expl PMX 116 0.01 0.01 0.01 + 100
Strongbow Expl SBW 1003 0.02 0.01 0.01 - 60
Lucky Mnls LJ 16 0.25 0.15 0.15 - 57.1
Kola Mng KM 92 0.08 0.04 0.04 - 55.5
Infinito Gold IG 262 0.01 0.01 0.01 - 50
Colombia Crest CLB 186 0.01 0.01 0.01 - 50
Intl PBX Vent PBX 253 0.01 0.01 0.01 - 50
Apogee Silver APE 11472 0.02 0.01 0.01 - 50
Amerix Pr Mtls APM 81 0.01 0.01 0.01 - 50
Galore Res GRI 4660 0.02 0.01 0.01 - 50
Grande Portage GPG 2584 0.04 0.02 0.02 - 50

TSX-V greatest value change


Company Symbol Change Close Change
Great Quest Me GQ 600835 1.65 + 0.59
Reservoir Mnls RMC 1070458 6.15 + 0.47
Kennady Diam KDI 47683 4.75 + 0.43
Avino Silver ASM 216556 1.89 + 0.23
McVicar Res MCV 141600 0.42 + 0.2
Mill City Intl MC 852757 0.53 + 0.17
Alphamin Res AFM 62201 0.4 + 0.16
Santacruz Silv SCZ 425010 1.11 + 0.14
Highland Res HI 389640 0.59 + 0.14
Sarama Res SWA 187220 0.28 + 0.13
Lucky Mnls LJ 16000 0.15 - 0.2
Gold Reserve GRZ 40655 4.06 - 0.16
Chesapeake Gld CKG 62992 3.29 - 0.16
Kootenay Gold KTN 122848 0.5 - 0.14
Anfield Nickel ANF 85505 2.16 - 0.14
SilverCrest Mn SVL 772722 2.06 - 0.12
Gold Reach Res GRV 28690 0.98 - 0.12
Callinan Royal CAA 158995 1.92 - 0.11
Altitude Res ALI 17500 0.3 - 0.1
Lumina Copper LCC 103267 5.74 - 0.09


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Related Press Releases
Reservoir Minerals Reports High-Grade Silver Mineralization at the Parlozi Project, and Midlands Fulfil Initial Expenditure and Drilling Commitment
Reservoir Minerals Reports Resumption of Drilling on the Timok Project, Serbia
Sudbury Platinum Completes $2,000,000 Private Placement and Commences Drilling at the Aer-Kidd Property
 



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