RE:RE:RE:RE:RE:our friend anonymous is owning the 5 asks now!dutchgoldd wrote:
gold-silver prices are turning around and as they head higher...so will metanor
TSX Venture on the decline, Aug. 10-14
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2015-08-17
VANCOUVER — The S&P TSX Venture Composite struggled late in the week during the Aug. 10-14 trading sessions despite a jump in gold futures, as it dropped 3.39 points en route to a 573.21 point close. Energy and base metal futures finished in the red, and the Chinese government's move to devalue its currency struck another blow to the Canadian economy. Meanwhile, U.S. retail sales for July rose 0.6% due largely to a strong performance in the auto sector.
December contracts for gold gained nearly 2% or US$21.50 before finishing the trading period at a three-week high of US$1,112.70 per oz. October contracts for West Texas Intermediate (WTI) crude oil dropped 2.8% or US$1.25 en route to a US$43.11 per barrel close, while September contracts for copper lost 2% or US4.8¢ before closing at US$2.35 per lb.
Gold outfit Metanor Resources topped the volume-traded column during the week following the release of updated drill results from its Bachelor mine 250 km northeast of Val d’Or, Quebec. The company saw roughly 10.4 million of its shares change hands before it closed the week up 1¢ at 5¢ per share.
Metanor announced that recent underground drilling at Bachelor demonstrates the extension of a vein near ongoing development activity between the level 6 and level 8 areas. Results were highlighted by drill hole 6-144, which cut 13.1 metres grading 10.2 grams gold per tonne from 113 metres depth. On Aug. 10 the company reported a fatal accident at Bachelor involving an employee working in its maintenance shop.
Zenyatta Ventures had a busy week following reports of a new collaboration agreement at its Albany graphite project in northern Ontario, and a recently-closed private placement. The company gained 16¢ on 440,636 share trade volumes before finishing the trading period at $1.57 per share.
On Aug. 12 Zenyatta announced plans to collaborate with Ballard Power Systems on high-purity graphite required in components of fuel cell technology. Early testing indicates Albany's graphite is suitable for the bipolar plate and gas diffusion layer for fuel cells, and Ballard intends to build components for further testing.
Meanwhile, Zenyatta announced a $2.1 million non-brokered private placement wherein it will issue 1.69 million units priced at $1.25 per unit. Each unit consists of one share and one-half share purchase warrant priced a $1.65 for 12 months.
Roxgold was on the rise following exploration results from its Yaramoko gold project 200 km due southwest of Ouagadougou, Burkina Faso. The company jumped 15¢ on 561,430 share trade volumes before finishing the week at $1.57 per share.
On Aug. 11 Roxgold reported drill results from the QV1 target at its Bagassi South concessions, which it believes "confirm the geological model for QV1 and underline regional potential."
Highlights from the eight-hole, 1,900-metre drill program include: 7.2 metres grading 13.7 grams gold from 229 metres depth in hole BGS-090; 7.5 metres of 11 grams gold from 193 metres depth in hole BGS-089; and 6.1 metres of 14.5 grams gold from 158 metres depth in hole BGS-095.
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