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TABLE OF CONTENTS Jul 21 - 27, 2014 Volume 100 Number 23 - 0 comments

TSX Venture takes a step back, July 7-11

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2014-07-16

The S&P/TSX Venture Composite Index lost 1.4%, or 14.83 points, during the trading sessions before closing the week at 1,022.93 points. Markets were hit by falling energy futures and a report from Statistics Canada that indicated the Canadian job market unexpectedly struggled in June. Meanwhile, the U.S. Federal Reserve announced it would end its quantitative easing program by October.

Gold futures were a big winner on the week, as August contracts for bullion jumped 1.4%, or US$19, en route to a $1,337.40 per oz. close. Crude oil futures did not fare as well, with August contracts for West Texas Intermediate dropping 2.8%, or US$2.93, before closing at US$100.83 per barrel. September contracts for copper closed the week relatively flat at US$3.27 per lb.

Mexico-focused Cayden Resources led the value-added category during the trading period after releasing drill results from its El Barqueno project 130 km west of Guadalajara, Mexico.

The current drill program is at the Angostura target, which is the third of nine targets Cayden has identified on the property. Cayden finished the week up 50¢ on 742,000 shares traded at $2.40 per share.

On July 7 the company announced results from its Angostura program, highlighted by 13 metres grading 1.54 grams gold per tonne, 11.9 grams silver per tonne and 0.08% copper from 7 metres depth in hole 83; and 13 metres of 4.6 grams gold, 10.1 grams silver and 0.1% copper from surface in hole 85. The drilling covers 50 metres of the 500 metres of strike length of mineralized veins and stockwork mapped so far at Angostura.

Probe Mines fell 44¢ on 1 million shares traded before closing at $2.29 per share after releasing infill drill results from the High-Grade zone (HGZ) at its Borden Lake gold project in Ontario. On July 7 the company announced assays from the first five holes of a preliminary infill program within the recently expanded HGZ.

Probe said the program identified “grades similar” to those observed in previously delineated HGZ resources, with highlights including: 21 metres grading 7 grams gold from 579 metres depth in hole 14-621W; 14 metres of 2.8 grams gold from 636 metres depth in hole 14-620; and 10 metres averaging 2.5 grams gold from 540 metres depth in hole 14-624.

Explorer Canamex Resources saw heavy trading during the period, with nearly 10 million shares changing hands, as it gained 5¢ en route to a 22¢-per-share close. On July 7 Canamex announced drill results from its Bruner gold project in Nye County, Nev. Canamex is in the midst of a reverse-circulation drill program at Bruner aimed at confirming and expanding historic resources.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Condor Res CN 14317 0.17 0.1 0.15 + 0.02
Cap-Ex Vent CEV 11106 0.02 0.01 0.02 - 0.01
Canamex Res CSQ 9725 0.22 0.15 0.18 + 0.05
New Millennium PGM 5722 0.46 0.4 0.42   0
Gold Bulln Dev GBB 4554 0.07 0.04 0.07 + 0.03
True Gold Mng TGM 4219 0.47 0.42 0.46 + 0.04
SGX Res SXR 3737 0.04 0.02 0.03 - 0.01
Metanor Res MTO 3532 0.16 0.13 0.14 - 0.01
Calibre Mng CXB 3422 0.09 0.06 0.08 + 0.02
Temex Res TME 3419 0.1 0.08 0.09 + 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Copper Ck Gold CPV 2414 0.06 0.02 0.06 + 266.6
Bama Gold BMA 213 0.1 0.05 0.08 + 150
Getty Copper GTC 164 0.08 0.05 0.08 + 128.5
Orefinders Res ORX 84 0.16 0.08 0.11 + 120
Trio Gold Corp TGK 253 0.01 0.01 0.01 + 100
Abzu Gold ABS 3188 0.04 0.01 0.02 + 100
Acrex Vent AKV 478 0.01 0.01 0.01 + 100
Randsburg Intl RGZ 453 0.02 0.01 0.02 + 100
African Metals AFR 30 0.01 0.01 0.01 + 100
Sultan Mnrls SUL 635 0.01 0.01 0.01 + 100
Sierra Madre D SMG 520 0.01 0.01 0.01 - 50
Kings Bay Gold KBG 253 0.02 0.01 0.01 - 50
Celeste Copper C 327 0.01 0.01 0.01 - 50
Red Mile Mnls RDM 49 0.01 0.01 0.01 - 50
Bonterra Res BTR 226 0.01 0.01 0.01 - 50
Zone Res ZNR 94 0.04 0.03 0.03 - 50
AgriMinco ANO 104 0.01 0.01 0.01 - 50
Challenger Dee CDE 741 0.07 0.04 0.04 - 42.8
Palmer Res PMD 20 0.07 0.06 0.06 - 40
RockBridge Res RBE 30 0.05 0.05 0.05 - 37.5

TSX-V greatest value change


Company Symbol Change Close Change
Cayden Res CYD 741967 2.4 + 0.5
Bear Creek Mng BCM 1080438 3.5 + 0.42
Chesapeake Gld CKG 142674 3.77 + 0.37
Lumina Copper LCC 2029508 10.61 + 0.29
Feronia FRN 43354 0.82 + 0.26
Tasman Metals TSM 213057 1.27 + 0.17
Northern Vertx NEE 26850 0.5 + 0.17
Bacanora Mnls BCN 614641 1.1 + 0.15
Newstrike Cap NES 296024 1.01 + 0.15
Great Quest Me GQ 134891 1.4 + 0.11
Kennady Diam KDI 31009 5.01 - 0.59
Probe Mines PRB 1007689 2.29 - 0.44
Gold Reserve GRZ 55026 3.37 - 0.2
Athabasca Mnls ABM 458288 2.9 - 0.18
Nevada Sunrise NEV 464292 1.03 - 0.17
Tsodilo Res TSD 24030 1.3 - 0.1
Pac Booker Min BKM 11053 4.9 - 0.07
Mason Graphite LLG 601094 0.6 - 0.07
Geomega Res GMA 856025 0.37 - 0.07
Brazil Res BRI 303846 0.94 - 0.06


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Related News
Juniors remain optimistic at the Precious Metals Summit
Agnico expands Mexican footprint via $205M Cayden bid
Cayden three for three at El Barqueño
Related Press Releases
Probe Mines Appoints Jamie Sokalsky as Director and Chairman Designate
Cayden drills 9 meters of 7.6 g/t gold at Angostura and extends mineralized strike length to 700 meters
Probe Mines Adds John Haflidson as Senior Mining Advisor
 



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