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TABLE OF CONTENTS Jul 14 - 20, 2014 Volume 100 Number 22 - 0 comments

TSX Venture inches up, June 30-July 4

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2014-07-09

The S&P/TSX Venture Composite Index started off July with small gains, ending the week up 14.8 points at 1,037.76. Daily trading volumes remained subdued, averaging just 47 million.

The week’s volume leader was Condor Resources, which saw 9.4 million shares change hands to close up 6¢ at 13¢. Drills are turning at Condor’s Soledad project in Peru as optionee Mariana Resources works to earn a 70% stake in the property. The latest 12-hole program began with surface targets and moved on to test for mineralization at depth. Hole 9 returned 174 metres grading 0.74 gram gold per tonne, 114.2 grams silver per tonne and 1.18% copper. Results from the final deep holes are pending.

Second on the volume board was Stans Energy, which won a $118-million arbitration ruling against the government of the Kyrgyz Republic. The Arbitration Court in Moscow ruled on the case, which started in 2012 when a Kyrgyz parliamentary committee revoked Stans’ licence for its Kutessay II rare earth elements project under suspicious circumstances. Kyrgyzstan will not likely respect the ruling, so to get any cash from the government Stans will have to go after one of the state’s foreign assets. One option would be to pursue the government’s 32.7% stake in Centerra Gold, which is worth $500 million.

Two small explorers are hoping to beat the bad markets by joining forces: Darnley Bay Resources and Canadian Arrow Mines are merging. Canadian Arrow shareholders will get of a 0.82 Darnley share for each Canadian Arrow share held. Canadian Arrow offers the Kenbridge nickel project in northwest Ontario, which has not been drilled since 2008 because of a lack of funds.

Commerce Resources shares rose 5¢ to close at 30¢ after it announced results from the winter drill program at its Ashram rare earth project in northern Quebec. A 12-hole infill program helped define the middle and heavy rare earth oxide (MHREO) zone within the Ashram deposit, holes 100 and 103 extended the zone by returning 48.9 metres grading 1.47% total rare earth oxides at 12% MH/T (middle and heavy rare earth oxides versus total rare earth oxides) and 42.4 metres of 1.6% TREO at 11.6% MH/T.

Avino Silver & Gold Mines signed a deal to acquire Bralorne Gold Mines for its Bralorne gold project in B.C. Avino used to own the Bralorne project, which is home to a 100-tonne-per-day mill. The site produced 3,842 oz. gold last year, but that was not enough to keep Bralorne Gold in the black. News of the merger left Avino’s share price unchanged and added 1.5¢ to Bralorne’s share price, which ended the week at 29¢.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Condor Res CN 9417 0.15 0.07 0.13 + 0.06
Stans Energy HRE 8081 0.27 0.12 0.2 + 0.05
Red Pine Expl RPX 7030 0.02 0.01 0.02 - 0.01
Canadn Arrow CRO 4889 0.03 0.01 0.02 + 0.01
Galway Gold GLW 4334 0.06 0.05 0.06 + 0.01
Commerce Res CCE 3532 0.35 0.25 0.3 + 0.05
NWM Mng NWM 3069 0.01 0.01 0.01   0
Noront Res NOT 2859 0.58 0.45 0.53 - 0.01
West Kirkland WKM 2713 0.15 0.13 0.14 + 0.01
KWG Res KWG 2575 0.07 0.05 0.06   0

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Crown Gold CWM 45 0.14 0.07 0.14 + 1300
UC Res UC 17 0.05 0.04 0.05 + 900
Entourage Mtls EMT 75 0.14 0.08 0.14 + 115.3
Canadn Arrow CRO 4889 0.03 0.01 0.02 + 100
Celeste Copper C 70 0.01 0.01 0.01 + 100
AgriMinco ANO 66 0.01 0.01 0.01 + 100
Chimata Gold CAT 286 0.2 0.06 0.11 + 83.3
Condor Res CN 9417 0.15 0.07 0.13 + 78.5
Aguila Am Res AGL 126 0.2 0.11 0.17 + 70
Bell Copper BCU 204 0.03 0.02 0.03 + 66.6
E-Energy Vent EEV 100 0.01 0.01 0.01 - 75
GMV Minerals GMV 11 0.11 0.1 0.1 - 50
Brookemnt  Cpt BKT 40 0.01 0.01 0.01 - 50
Acrex Vent AKV 28 0.01 0.01 0.01 - 50
African Metals AFR 30 0.01 0.01 0.01 - 50
Bluestone Res BSR 377 0.03 0.02 0.02 - 40
Odin Mng & Exp ODN 85 0.35 0.24 0.25 - 34.2
Actus Mnls AAC 10 0.01 0.01 0.01 - 33.3
Colibri Res CBI 445 0.01 0.01 0.01 - 33.3
Amador Gold AGX 32 0.01 0.01 0.01 - 33.3

TSX-V greatest value change


Company Symbol Change Close Change
Lumina Copper LCC 2396142 10.32 + 0.52
Bear Creek Mng BCM 348597 3.08 + 0.21
Bacanora Mnls BCN 453400 0.95 + 0.2
Chesapeake Gld CKG 48637 3.4 + 0.2
Zenyatta Vent ZEN 907021 2.25 + 0.2
Athabasca Mnls ABM 983712 3.08 + 0.18
Crown Gold CWM 45000 0.14 + 0.13
Great Quest Me GQ 230650 1.29 + 0.09
Abitibi Royalt RZZ 27551 2.6 + 0.08
Jaguar Mng JAG 12366 0.89 + 0.08
Odin Mng & Exp ODN 84900 0.25 - 0.13
Gold Reserve GRZ 15842 3.57 - 0.13
Palladon Vent PLL 19582 1.53 - 0.12
Highland Res HI 184482 0.45 - 0.12
Energold Drill EGD 68362 1.72 - 0.12
GMV Minerals GMV 11000 0.1 - 0.1
Lowell Copper JDL 35000 0.4 - 0.1
Kennady Diam KDI 35936 5.6 - 0.09
Niocorp Dev NB 1045372 0.62 - 0.08
Eurasian Minls EMX 54356 0.8 - 0.08


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Related News
Eastmain to team up with Darnley Bay Resources at Lac Lessard
TSX Venture rebounds, Nov. 10-14
Avino Silver & Gold to reacquire Bralorne project
Related Press Releases
Condor Resources Inc.: Deep Penetrating Geophysics Program Underway at Soledad Project, Peru
Darnley Bay Announces Acquisition of Option to Earn 50% of Lac Lessard Nickel-Platinum Group Metal Project From Eastmain Resources
IIROC Trading Resumption - DBL
 



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