TSX Venture Exchange Aug. 25-31

The S&P/TSX Venture composite index capped off the month of August with a small 8.42-point loss over the Aug. 25-31 reporting period, closing at 1,183.67. The Venture exchange finished the month much as it began, hovering just below 1,200 points. Indeed, the Venture board spent August in a fairly tight holding pattern at that level, trading between the narrow range of 1,159.82 and 1,200.5 points. During the reporting period, the board saw its greatest decline on the final day and otherwise, during the preceding four days, there was a weak tug-o-war of gains and losses.

Still, the five-day trading period was good to many. In terms of 52-week highs and lows, almost twice as many (52) achieved the latter than the former (27).

A trio of companies soared on news of visible gold on freshly drilled core. CanAsia Industries, which has a 50% option on Teuton Resources and Silver Grail Resources’ Clone property, 18 km southwest of Stewart B. C., drilled a number of holes showing visible gold in intersections of semi-massive to massive sulphide between about 5 and 10 metres below surface. CanAsia jumped 7¢ to 14¢; Teuton, 6.5¢ to 27.5¢; and Silver Grail, 8¢ to 17¢.

Signing of a memorandum of understanding with First Nations helped boost Lions Gate Metals shares 21¢ to $1.15. The agreement concerned the rights of the Wet’samet’en First Nation of northwestern B. C. over 22,000 sq. km of territory where Lions Gate owns the massive Poplar copper-gold-moly project. The pact opens the door for dialogue, Lions Gate says.

San Gold gained 28¢ to $3.06 on drill-hole results. It intercepted as much as 5.9 metres grading 44 grams gold per tonne at its Rice Lake mine in southeastern Manitoba. Drilling extended the high-grade 98 vein above level 26.

Currie Rose Resources came nearer to its 52-week high of 11¢, gaining 4¢ to close at 9¢. Though it had little operational news to report from its exploration projects in Tanzania, Currie announced at the end of the day on Aug. 31 that it intended to raise $625,000 through a non-brokered private placement.

Xtierra jumped 5¢ on thin trading to 11¢. Like Currie, it did not report news of significance during the five-day period. The company is advancing its flagship Bilbao project in Zacatecas state, Mexico.

Xtierra recently announced it was starting a feasibility study on Bilbao, where it has so far outlined an indicated resource of 3.6 million tonnes grading 3.52% zinc, 2.75% lead, 0.29% copper and 88.23 grams silver per tonne.

Mandalay Resources, also quiet on the newswire, was up 18¢ to 38¢. The company is advancing, among other projects, the La Quebrada silver-copper property in Chile.

One notable loss over the five-day period was East Asia Minerals’ 81¢ dive to $1.81. Since July, East Asia had been skyrocketing on drill-hole results from its Miwah gold property in Indonesia that had sent its shares to more than $3.

TSX-V most active issues
	VOLUME	WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Canasia Indust CAJ	31425	0.15	0.08	0.14	+ 0.07
Snowfield Res SNO	25963	0.04	0.01	0.01	+ 0.01
Great Western GWG	23951	0.28	0.19	0.23	+ 0.03
RomarcoMnrls R	11109	1.09	0.88	1.05	+ 0.12
San Gold Res SGR	9928	3.18	2.71	3.06	+ 0.28
Network Expl NET	9600	0.09	0.05	0.06	-0.02
East Asia Mnls EAS	8921	2.95	1.85	1.89	-0.81
Candorado OperCDO	8811	0.08	0.05	0.05	+ 0.02
Dynasty Gold DYG	8733	0.06	0.03	0.05	+ 0.02
Mountain Captl MCI	8719	0.22	0.17	0.17	-0.03

TSX-V Greatest Percentage Change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Currie Rose Rs	CUI	6306	0.11	0.04	0.09	+200.0
Xtierra	XAG	251	0.11	0.05	0.11	+175.0
Silver Grail R	SVG	562	0.17	0.08	0.17	+142.8
Canasia Indust	CAJ	31425	0.15	0.08	0.14	+100.0
Golden Dory Rs	GDR	382	0.10	0.04	0.10	+100.0
Mandalay Res	MND	482	0.50	0.25	0.38	+ 90.0
Devonshire Res	DSH	451	0.13	0.09	0.13	+ 85.7
Decade Res	DEC	824	0.14	0.07	0.13	+ 85.7
Crown Mnls	CWM	55	0.07	0.05	0.07	+ 75.0
Global Hunter	BOB	381	0.07	0.05	0.07	+ 75.0
Orsa Vent	ORN	24	0.07	0.04	0.04	-55.5
Red Pine Expl	RPX	6649	0.11	0.06	0.07	-41.6
Global Uran	GU	2414	0.05	0.03	0.03	-40.0
Icon Industrs	ICN	17	0.12	0.12	0.12	-40.0
Tribune Uranm	TCB	46	0.50	0.30	0.30	-40.0
Threegold Res	THG	105	0.13	0.10	0.10	-37.5
Lakewood Mng	LKW	612	0.04	0.02	0.02	-33.3
Horseshoe Gld	HSX	50	0.02	0.02	0.02	-33.3
Dundee Mines	DUN	870	0.19	0.11	0.12	-33.3
Electra Gold	ELT	24	0.05	0.04	0.04	-33.3

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
San Gold Res	SGR	9928176	3.06	+ 0.28
Lions Gate Mtl	LGM	189508	1.15	+ 0.21
Anfield Vent	ANF	75400	3.00	+ 0.20
Groundstar Res	GSA	526741	0.57	+ 0.19
Exeter Res	XRC	442832	3.40	+ 0.18
Mandalay Res	MND	482152	0.38	+ 0.18
Sacre-Coeur Ml	SCM	359750	0.81	+ 0.17
Resolve Vent	RSV	51034	0.42	+ 0.16
Canadn Shield	EXP	21775	0.98	+ 0.13
New Pac Metals	NUX	10000	0.88	+ 0.13
East Asia Mnls	EAS	8920744	1.89	-0.81
Goldsource Min	GXS	972529	1.70	-0.36
Aldridge Minls	AGM	27950	1.40	-0.30
Bear Creek Mng	BCM	157250	1.88	-0.27
Noront Res	NOT	3397579	1.95	-0.21
Tribune Uranm	TCB	45775	0.30	-0.20
Quest Uranium	QUC	1673544	1.26	-0.20
Canada Lithium	CLQ	4222264	0.56	-0.18
Metalex Vent	MTX	52750	0.85	-0.17
Antares Minls	ANM	51700	1.25	-0.15