It was a flattish type day during Tuesday trading on the Canadian markets, with investors electing to move to the sidelines ahead of key job figures due out on Friday. For the tale of the tape, the TSX Exchange tacked on a modest 0.04%, while the TSX Gold Index fell 0.7% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, lost 0.41% with the decliners issuers edging out the advancers by a 317 to 295 margin on a paltry 81 million shares traded.

Romarco Minerals says that its Haile Gold Mine project in South Carolina boosts a net present value of $250 million at $750 per ounce gold and could generate 128,000 ounces of gold per year at cash costs of $450 per ounce. Capital costs ring in at $153 million. Romarco ended the session unchanged at C$0.275.

Verena Minerals boosted the resources at its Volta Grande project in Brazil. The indicated resources tally 11 million tonnes grading 1.48 grams gold per tonne, while the inferred resources hit 23.5 million tonnes grading 1.29 grams gold per tonne. Verena was flat on the session at C$0.095.

Sanu Resources tabled an indicated resource of 10.7 million tonnes grading 2.25 per cent zinc, 0.98 per cent copper, 6.84 grams silver and 0.2 gram gold per tonne and an inferred resource of 17 million tonnes grading 1.74 per cent zinc, 0.85 per cent copper, 5.89 grams silver and 0.19 gram gold per tonne on its Hambok project located in western Eritrea. Sanu closed up a penny at C$0.19.

Relevant news flow has been a little bit light during these first few days of February. Let’s hope the trading action picks up. We will see what Wednesday trading has in store.

Source: Resource Stock Roundup:Wednesday, February 04th, 2009