TSX Venture Exchange Sept. 22-28

The S&P/TSX Venture composite index remained unsettled over the week of Sept. 22-28, with one day’s gain lost the next day. By the end of the week, the board was up 4.73 points at 1,269.73. Daily trading volumes remained strong, averaging 119 million.

Despite the board’s unsettled appearance, far more junior companies reached new 52-week share price highs than fell to new lows: 103 reached peaks, while just 17 hit valleys.

One of the juniors to reach a new share price high was Ascot Resources, which gained 52.5¢ to more than double its share price in a day on news from its Premier gold project near Stewart, in northwestern British Columbia. The company drill-tested for extensions to the old open pit at Premier and hit significant gold, including 11 metres of 50 grams gold per tonne, 32.5 metres of 2.6 grams gold, and 24.7 metres of 6.9 grams gold. Ascot finished the week up 27.5¢ at 70¢.

Canaco Resources shares also reached a new high on drill results from a gold property. The first hole of the season at the company’s Magambazi gold prospect in Tanzania returned 53 metres grading 4.32 grams gold from roughly 70 metres depth. Canaco’s share price gained 30.5¢ to end the week at 41¢.

A major step towards production at the Mothae diamond project in Lesotho propelled Lucara Diamond’s share price up 12¢ to 75¢ over the week. The company received a mining lease for the project and finalized a mining agreement giving the government of Lesotho a 25% interest Mothae, half of which will be free-carried. The Mothae kimberlite is a large, low-grade structure that yielded 4.7 carats per hundred tonnes in a recent bulk sample.

Strong gold grades in drill core from the Barry pit lifted Metanor Resources’ share price 7¢ to 66¢. Expansion drilling at Barry returned 33 metres averaging 9.24 grams gold in hole 423 and 23 metres of 3.85 grams gold in hole 421. The Barry pit, which is currently being mined, sits 65 km away from Metanor’s Bachelor Lake mine in southwestern Quebec.

Atac Resources also saw a healthy lift on news from a gold property. The junior is exploring the Rau gold project in the Keno Hill district of the Yukon and recent drilling in the northwestern part of the main Tiger zone returned intercepts including 20.7 metres grading 23 grams gold and 23.5 metres averaging 11 grams gold. Atac’s shares gained 28¢ to close at 80¢.

For Underworld Resources, good gold grades weren’t quite enough. The company released another set of results from its White Gold property in the Yukon, including 50 metres of 3.49 grams gold and 112 metres of 1.94 grams gold, but investors pushed its share price down 21¢ to $1.34. Earlier results from White Gold have included longer, stronger intercepts, such as 100 metres of 3.1 grams gold and 31 metres of 9.2 grams gold.

TSX-V most active issues
	VOLUME	WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Canasia Indust CAJ	35907	0.41	0.23	0.33	-0.04
Great Western GWG	30377	0.46	0.27	0.45	+ 0.17
Everett Minls EAR	26073	0.13	0.08	0.12	+ 0.05
Eagle Rock Ex ERX	19708	0.40	0.19	0.22	+ 0.15
Habanero Res HAO	17352	0.19	0.12	0.14	+ 0.03
RomarcoMnrls R	17303	1.20	1.06	1.09	-0.09
North Am Tung NTC	16872	0.17	0.12	0.14	+ 0.02
Terrane Metals TRX	15478	0.65	0.41	0.57	+ 0.13
Matamec Expl MAT	14653	0.26	0.18	0.25	+ 0.03
Mountain Boy MMTB	14062	0.49	0.19	0.38	+ 0.19

TSX-V greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Canaco Res	CAN	11158	0.49	0.09	0.41	+272.7
Medallion Res	MDL	996	0.19	0.05	0.17	+240.0
Eagle Rock Ex	ERX	19708	0.40	0.19	0.22	+214.2
Trillium North	TNM	92	0.05	0.03	0.05	+150.0
Nevada Expl	NGE	1016	0.23	0.09	0.18	+125.0
Devonshire Res	DSH	34	0.15	0.12	0.15	+114.2
MountainBoyM	MTB	14062	0.49	0.19	0.38	+100.0
East West Res	EWR	508	0.03	0.02	0.02	+100.0
Cedar Mtn Expl	CED	143	0.20	0.10	0.20	+100.0
Pinnacle Mines	PNL	13153	0.36	0.14	0.27	+ 92.8
Ruby Red Res	RRX	66	0.20	0.09	0.09	-57.1
Intl Kirkland	IKI	167	0.02	0.01	0.01	-50.0
AMI Res	AMU	84	0.14	0.10	0.11	-35.2
Mazarin	MAZH	14	0.05	0.04	0.04	-33.3
Silvermet	SYI	310	0.14	0.10	0.10	-33.3
Astral Mining	AA	64	0.44	0.31	0.33	-32.6
Lincoln Mng	LMG	36	0.23	0.19	0.19	-29.6
Remstar Res	REM	202	0.14	0.10	0.10	-28.5
Valencia Vent	VVI	60	0.06	0.05	0.05	-28.5
Svit Gold	SDP	188	0.06	0.05	0.05	-28.5

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Clifton Star	CFO	103852	2.40	+ 0.45
Maudore Minls	MAO	429757	2.45	+ 0.35
Gleichen Res	GRL	3113880	1.31	+ 0.34
Mosquito Cons	MSQ	812539	1.05	+ 0.32
Canaco Res	CAN	11158015	0.41	+ 0.30
Atac Res	ATC	8468393	0.80	+ 0.28
Bear Creek Mng	BCM	792432	3.03	+ 0.28
Ascot Res	AOT	5501509	0.70	+ 0.28
Otis Capital	OOO	619300	0.78	+ 0.25
Decade Res	DEC	5213106	1.57	+ 0.24
Rare Elemnt Rs	RES	986063	3.80	-0.40
Underworld Res	UW	1421173	1.34	-0.21
Medoro Res	MRS	1890094	0.68	-0.16
Apoquindo Mnls	AQM	358851	0.75	-0.16
Astral Mining	AA	64245	0.33	-0.16
New Pac Metals	NUX	40634	0.72	-0.15
Zimtu Capital	ZC	71828	1.20	-0.15
Intl Tower Hil	ITH	796963	4.33	-0.15
Explorator Res	EXO	38100	0.36	-0.14
		14088	0.85	-0.14