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TABLE OF CONTENTS Apr 28 - May 4, 2014 Volume 100 Number 11 - 0 comments

Venture quiet in run-up to Easter, April 14-17

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2014-04-23

The S&P/TSX Venture Composite Index was quiet during the four-day week before Easter. Two days of small gains overturned two days in the red, lifting the index 1 point to 998.77. Daily trading volumes averaged 66.8 million.

The list of volume leaders shows how quiet the Venture was over the pre-Easter week. Of the top-10 most traded stocks, six released no news, two are former mineral explorers now entering the marijuana sector and nine out of 10 are worth less than 10¢.

It was not the best week for Kennady Diamonds, which lost 76¢ in four days to close at $4.33, despite promising exploration results. Drills at the company’s Kennady North project in the Northwest Territories intersected kimberlite in 17 of 18 holes in and around the Kelvin zone, including an 80-metre intercept from north of the known resource. The first hole to test the Faraday 2 geophysical target returned 23 metres of kimberlite.

It was also a poor week for Anfield Nickel. The company outlined its struggles in advancing production at its Mayaniquel nickel laterite project in Guatemala, including many codependent but slow permitting and licencing processes, a proposal from the Guatemalan government to enact a moratorium on new licences pending reforms to the country’s mining law and the need for new capital in a market with difficult financing. ANF shares fell 46¢ on the news to close at 96¢ — their lowest level in five years.

Fission Uranium released more exploration news from its Patterson Lake South project in the southeastern Athabasca basin. The latest results included 12 holes that hit uranium mineralization, highlighted by 41 metres of 0.92% uranium oxide (U3O8), 8 metres of 4.03% U3O8 and 5.5 metres of 2.41% U3O8. Fission’s latest drill program has returned uranium in every hole but the company’s share price has slid 15% since April, likely because of a weaker uranium price and a pullback after two months of gains. FCU shares ended the week down 8¢ at $1.40.

A $2.1-million financing has given Transition Metals capital to keep growing its early stage exploration projects. Investors oversubscribed the offering, prompting a boost to $2.07 million from $1.7 million. The company sold 6.9 million units at 30¢ apiece. Each unit comprised a share and a warrant exercisable at 40¢ for two years.

Athabasca Minerals added another 15¢ to its share price, ending the week at $1.92. Athabasca explores for and develops aggregates and industrial minerals in Alberta, where oil sands operators and developers make up most of the company’s client base. In mid-2013 ABM shares were worth 75¢, which means they have gained 156% in nine months.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Aldershot Res ALZ 7725 0.01 0.01 0.01   0
Diagnos ADK 7338 0.08 0.07 0.07   0
Canadn Mining CNG 6773 0.04 0.02 0.03 + 0.01
Central Iron O CIO 6680 0.01 0.01 0.01 - 0.01
RPT Uranium RPT 6002 0.03 0.02 0.02   0
KWG Res KWG 5759 0.08 0.07 0.07 - 0.01
New Dimen Res NDR 5391 0.01 0.01 0.01 - 0.01
Fission Uran FCU 4010 1.49 1.33 1.4 - 0.04
Alexandria Mnl AZX 3335 0.12 0.06 0.08 + 0.01
Satori Res BUD 3228 0.07 0.04 0.06 - 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Baroyeca Go&Si BGS 241 0.02 0.02 0.02 + 300
Stikine Energy SKY 1677 0.04 0.03 0.03 + 150
Mukuba Res MKU 69 0.01 0.01 0.01 + 100
Papuan Prec Mt PAU 2166 0.07 0.04 0.06 + 100
Red Mile Mnls RDM 10 0.01 0.01 0.01 + 100
Western Troy C WRY 64 0.02 0.02 0.02 + 100
Carmax Mng CXM 129 0.07 0.05 0.06 + 100
Guyana Frntr M GYG 85 0.01 0.01 0.01 + 100
NSGold NSX 121 0.06 0.05 0.05 + 66.6
MacDonald Mns BMK 643 0.03 0.02 0.03 + 66.6
African Metals AFR 1139 0.01 0.01 0.01 - 66.6
NWM Mng NWM 427 0.01 0.01 0.01 - 50
Fieldex Expl FLX 180 0.01 0.01 0.01 - 50
Northern Abiti NAI 27 0.01 0.01 0.01 - 50
Celeste Copper C 45 0.01 0.01 0.01 - 50
Blackstone Ven BLV 50 0.01 0.01 0.01 - 50
Central Iron O CIO 6680 0.01 0.01 0.01 - 50
Rio Silver RYO 73 0.02 0.01 0.01 - 50
Hunt Mng HMX 918 0.03 0.02 0.02 - 50
IEMR Res IRI 238 0.01 0.01 0.01 - 50

TSX-V greatest value change


Company Symbol Change Close Change
Titanium Corp TIC 1897926 1.72 + 0.43
Tasman Metals TSM 101504 1.57 + 0.31
Atacama Pac Gd ATM 390400 0.87 + 0.21
Transition Mtl XTM 75375 0.49 + 0.17
Athabasca Mnls ABM 214059 1.92 + 0.15
Abitibi Royalt RZZ 10184 0.75 + 0.15
Atico Mng ATY 29100 0.8 + 0.1
Newport Expl NWX 1230605 0.48 + 0.1
Mirasol Res MRZ 14612 1.33 + 0.09
Zenyatta Vent ZEN 277015 3.07 + 0.08
Kennady Diam KDI 55754 4.33 - 0.76
Anfield Nickel ANF 545433 0.96 - 0.46
Gold Reserve GRZ 34271 3.2 - 0.25
Bear Creek Mng BCM 133299 1.5 - 0.19
Reservoir Mnls RMC 99081 6.25 - 0.14
Brazil Res BRI 359889 1 - 0.12
Sandstorm Mt&E SND 81844 0.96 - 0.11
Columbus Gold CGT 297438 0.47 - 0.1
Probe Mines PRB 839292 2.94 - 0.1
Northern Graph NGC 188544 0.76 - 0.09


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Related News
Sudbury Platinum advances Aer-Kidd
Transition Metals and Implats to resume drilling at Sunday Lake
TSX Venture on the rise, Aug. 25-29
Related Press Releases
Kennady Diamonds Announces $5M Non-Brokered Private Placement
Kennady Diamonds Drills 215 meters of Kimberlite at Kelvin: Drill Hole Still in Kimberlite
Fission Widens High-Grade R780E Zone; Hits Eight New Holes With >10,000 cps Radioactivity Starting at 60.8m Depth
 



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