TSX Venture Exchange – April 7-13

Over a four-day trading week shortened by the Easter holiday, the S&P/TSX Venture composite index gained 17.69 points to close the April 7-13 reporting period at 980.86. Daily trading volumes were very consistent, averaging 55 million.

Despite the board’s modest rally, eight Venture-listed companies reached new 52-week share price highs over the week, while 53 juniors fell to new lows.

Romarco Minerals’ share price continued its sustained climb by adding another 12¢ to reach 65¢, more than double its average for the last few years. In February, Romarco released a positive feasibility study for its Haile gold project in South Carolina; it has since closed a $27.4-million financing and more than doubled Haile’s gold count with a 3.3-million oz. resource.

The biggest absolute gain over the reporting period went to Exeter Resource, which gained 37¢ to finish at $3.57. The company did not release any news during the week but since late February, Exeter has raised $29 million and announced an initial inferred resource for its Caspiche gold project in Chile, totalling 8.7 million oz.

The decision to drive a new adit to access a gold vein lifted Bralorne Gold Mines’ share price 24¢ to 99¢. The company is exploring the historic Bralorne mine, which produced more than 4 million oz. gold from three underground mines, in southwestern British Columbia. An earlier, deeper adit drifted into the BK vein encountered significant gold mineralization over short widths.

Coal intercepts in 44 of 97 holes was not enough for Goldsource Mines investors, who drove the company’s share price down 93¢ to $1.47. Data from the winter program is painting a more complicated picture of the coal deposit at Border, in Saskatchewan; the property appears to host several coal sub-seams where widths pinch and swell, instead of simply containing a massive coal seam as investors initially hoped.

More solid drill results from Livengood lifted International Tower Hill Mines’ share price 20¢ over the week to $2.90. The latest assays included ones from holes punched into the previously unexplored southwest extension of the deposit; the best of those stepouts returned 69 metres of 1.1 grams gold.

Good news from two gold projects helped Temex Resources gain 14¢ to 26¢ on 4.3 million shares traded. The junior drilled 21 grams gold over 6.6 metres at its Whitney Twp. property near Timmins and discovered a new 1.4-km-long gold target at its Latchford gold project in northeastern Ontario.

And Potash North Resource shares also showed good volume on news that Potash One shareholders approved the companies’ merger plans. The deal exchanges each Potash One share for 0.3125 of a Potash North share and will create a strong potash junior. The new company has the funds to push Potash One’s Legacy project, a development property in southern Saskatchewan that is amenable to lower-cost solution mining, through feasibility studies.

TSX-V most active issues
	VOLUME	WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Q-Gold Res QAU	15195	0.04	0.01	0.01	0.00
Buffalo Gold BUF	7667	0.02	0.01	0.02	+ 0.01
Cypress Dev CYP	6608	0.34	0.20	0.32	+ 0.08
San Gold Res SGR	6444	1.69	1.55	1.60	-0.02
MacDonald Mns BMK	5627	0.08	0.05	0.07	+ 0.02
Inca Pac Res IPR	4745	0.30	0.25	0.26	0.00
Dynasty Gold DYG	4534	0.03	0.01	0.03	+ 0.01
Potash North PON	4320	0.51	0.47	0.49	+ 0.01
Prize Mng PRZ	4281	0.12	0.06	0.08	+ 0.02
Temex Res TME	4258	0.35	0.12	0.26	+ 0.14

TSX-V greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Ross River Mnl	RRM	266	0.04	0.03	0.03	+200.0
Temex Res	TME	4258	0.35	0.12	0.26	+116.6
Buffalo Gold	BUF	7667	0.02	0.01	0.02	+100.0
Excel Gold Mng	EGM	911	0.05	0.03	0.04	+100.0
Cons Gold Win	GWV	3168	0.10	0.05	0.10	+100.0
Adventure Gold	AGE	276	0.15	0.09	0.15	+ 87.5
Canadn Orebods	CO	85	0.10	0.06	0.09	+ 80.0
Intl Millm Mng	IMI	455	0.10	0.07	0.10	+ 66.6
Cascadero Copp	CCD	317	0.10	0.08	0.10	+ 66.6
NewShoshoniV	NSV	531	0.10	0.07	0.10	+ 66.6
New Dimen Res	NDR	188	0.06	0.03	0.03	-50.0
Supreme Res	SPR	77	0.05	0.02	0.04	-50.0
Aldershot Res	ALZ	36	0.02	0.01	0.01	-50.0
Iciena Vent	IIE	2177	0.02	0.01	0.01	-50.0
Intl Chalice R	IRI	140	0.01	0.01	0.01	-50.0
Bonterra Res	BTR	54	0.16	0.10	0.10	-44.4
Golden Share M	GSH	109	0.10	0.05	0.05	-44.4
Great Quest Me	GQ	78	0.05	0.03	0.03	-40.0
Goldsource Min	GXS	3996	2.30	1.31	1.47	-38.7
Quest Uranium	QUC	264	0.05	0.03	0.05	-37.5

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TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Exeter Res	XRC	159678	3.57	+ 0.37
Bralorne Gold	BPM	20900	0.99	+ 0.24
Noront Res	NOT	3467648	0.94
Intl Tower Hil	ITH	109329	2.90	+ 0.20
Lumina Copper	LCC	253470	0.79	+ 0.19
Anooraq Res	ARQ	35750	1.12	+ 0.16
Cadiscor Res	CAO	491476	0.67	+ 0.15
Coniagas Res	CNY	397081	0.55	+ 0.15
Temex Res	TME	4258175	0.26	+ 0.14
Antares Minls	ANM	96600	1.38	+ 0.13
Goldsource Min	GXS	3996018	1.47	-0.93
Pac Booker Min	BKM	11040	5.70	-0.30
Hathor Expl	HAT	2084077	2.00	-0.25
Chesapeake Gld	CKG	24390	4.62	-0.18
Clifton Star	CFO	69331	2.14	-0.16
Macarthur Mnl	MMS	13000	0.74	-0.16
Dundarave Res	DDX	54489	0.38	-0.13
Whitemud Res	WMK	72369	1.25	-0.13
Rainy River Rs	RR	612878	2.14	-0.11
West High Yld	WHY	326250	0.50	-0.10