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TABLE OF CONTENTS Apr 7 - 13, 2014 Volume 100 Number 8 - 0 comments

Venture loses ground, March 24-28

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2014-04-02

The rally that has carried the S&P/TSX Venture Composite Index for most of 2014 took a breather in the last week of March. Instead, the index saw double-digit losses in three out of five days to end the week at 989.75, down 45.01 points, and its first sub-1,000 close since regaining quadruple digits in mid-February.

The volume leader for the week was Aldrin Resources, a Vancouver-based uranium junior that just started drilling its Triple M property in Saskatchewan. The 4,000-metre program will test coincident structural, gravity, magnetic and radon anomalies, and is funded by Aldrin’s recent $500,000 financing.

The market is watching Aldrin because Triple M is next to Patterson Lake South (PLS), the high-grade uranium discovery where Fission Uranium seems to hit a best-ever intercept every three weeks. Fission recently pulled the longest intercept with off-scale radioactivity from PLS to date, in a hole that joined the two largest zones at PLS into one mineralization body. Fission shares gained 2¢ over the week to close at $1.63.

Cayden Resources attracted some attention with drill results from the El Barqueno project in Mexico. Cayden began its drill program with the Azteca target. All four holes returned gold, with a best intercept of 20 metres grading 1.7 grams gold per tonne, essentially from surface. Cayden has added a second rig and is testing another target known as “Pena de Oro.” Cayden shares were even at $1.96.

A deal between the Matawa First Nations and the Ontario government on how to share the benefits of developing the Ring of Fire boosted shares of Noront Resources from 38¢ to 51¢. The framework agreement is the first tangible result from negotiations that started in mid-2013, outlining how First Nations and the province could benefit some day from development of the region’s chromite deposits.

Integra Gold released the first results from its ambitious 45,000-metre drill program at the Lamaque gold project in Val-d’Or, Que., including a best result of 23.02 grams gold over 5 metres. Integra is infilling and expanding the high-grade Triangle zone, while also testing other targets. Integra shares fell 2¢ to end the week at 31¢.

Junior exploration companies usually dominate the Venture’s leaderboards, but in recent weeks a new set has attracted considerable volume: medical marijuana companies. At least four marijuana firms with mining connections made it onto the Venture’s daily volume leader lists, including Satori Resources, Victory Ventures, Cavan Ventures and Terra Firma.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Terra Firma Rs TFR 24569 0.05 0.02 0.03   0
Kilo Goldmines KGL 21587 0.02 0.02 0.02   0
Thelon Cap THC 14686 0.17 0.1 0.12 - 0.03
Atlanta Gold ATG 14089 0.03 0.02 0.02 - 0.01
Metanor Res MTO 11947 0.2 0.15 0.18 - 0.02
True North Gem TGX 11705 0.1 0.06 0.08 - 0.01
Aldrin Res ALN 11237 0.15 0.1 0.12 + 0.03
Fission Uran FCU 9546 1.73 1.58 1.63   0
Happy Ck Minls HPY 5204 0.16 0.1 0.16 - 0.01
Satori Res BUD 5183 0.15 0.09 0.09 - 0.06

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Belvedere Res BEL 170 0.23 0.02 0.12 + 475
Tasca Res TAC 1666 0.03 0.01 0.03 + 150
NV Gold NVX 170 0.15 0.1 0.13 + 150
Bearing Res BRZ 141 0.1 0.04 0.09 + 112.5
Nebu Res NBU 50 0.01 0.01 0.01 + 100
Randsburg Intl RGZ 140 0.01 0.01 0.01 + 100
North Am Pot D NPD 2388 0.05 0.02 0.03 + 100
Blackstone Ven BLV 4882 0.02 0.01 0.01 + 100
Pac Arc Res PAV 795 0.02 0.01 0.02 + 100
El Condor Mnls LCO 1953 0.02 0.01 0.01 + 100
Oronova Res ONV 38 0.06 0.03 0.03 - 62.5
Network Expl NET 213 0.01 0.01 0.01 - 50
Anglo Swiss ASW 16 0.01 0.01 0.01 - 50
Silver Spruce SSE 651 0.01 0.01 0.01 - 50
Aguila Am Res AGL 50 0.06 0.05 0.05 - 50
Signature Res SGU 28 0.03 0.03 0.03 - 40
Noble Mnl Expl NOB 3098 0.03 0.02 0.02 - 40
Ansell Capital ACP 3493 0.08 0.04 0.05 - 40
Red Rock Enrgy RRK 220 0.02 0.02 0.02 - 40
Rockland Mnls RL 493 0.04 0.02 0.03 - 40

 



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Related News
'Fourteen holes, fourteen hits' for Fission at PLS
Fipke's Northern Uranium thinks outside the basin in Manitoba
Cayden three for three at El Barqueño
Related Press Releases
OTC Markets Group Welcomes Integra Gold to OTCQX(R)
Cayden drills 8 meters of 16.1 g/t gold and 55 meters of 0.92 g/t gold at Angostura
Cayden drills 12.0 meters of 4.6 g/t gold in a third discovery at the El Barqueno Gold Property
 



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