For the tale of the tape, the TSX Exchange plunged 4.04%, while the TSX Gold Index fell 5.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 4.52% with the declining issuers swamping the advancers by a 616 to 243 margin on volume of 130 million shares traded.

On the plus side, Freewest Resources Canada (FRW) cut 100 metres of chromite on its wholly-owned McFaulds property in Ontario’s James Bay Lowlands. Freewest ended the day up C$0.015 at C$0.26.

Shares of Augen Gold (AUJ) got slammed on no particular news closing at C$0.20 for a C$0.19 loss. The company has been working the Jerome gold property in Ontario.

Sticking to that theme, Formation Capital (FCO) came out and stated that is not aware of any material reason for the decline in its share price. The company, which is advancing the Idaho cobalt project, lost C$0.04 to close at C$0.32.
San Gold reported a 2.7 metre intercept running 51.4 grams gold per tonne at its Rice Lake gold mine in Manitoba. Not good enough in a bad market, as San Gold ended the day down C$0.06 at C$1.06.

The junior board hit yet another new three-year low and is showing no signs of bottoming just yet. The five year low is rapidly approaching so we will see what Tuesday trading has in store.

Source:  Resource Stock Round Up Tuesday, September 17th, 2008

For the tail of the tape; the TSX Exchange dropped 0.71%, while the TSX Gold Index (TSE:XGD) lost 3.1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 0.63% with the advancing issuers beating out the decliners by a 419 to 404 margin on a pathetic volume of 103 million shares traded.

Eldorado Gold (TSE:ELD) posted a second quarter profit of C$25.2 million, or C$0.07 per share, down from the C$26.7 million, or C$0.08 per share, tallied in the same quarter of 2007. The company produced 87,340 ounces of gold at an average cash cost of $229 an ounce, most of which was produced at its Kisladag project in Turkey. Eldorado ended the day up C$0.22 at C$8.58.

The re-logging of historic drill cores helped shares of Augen Gold (CVE:AUJ) add C$0.09, to move to C$0.44. The junior reported that re-assaying of a historic interval returned 30.23 grams gold per tonne over 1.77 metres at the Jerome gold property in northern Ontario.

Monday is a holiday for the Canadians and as such the stocks markets are closed. With interest in the more speculative stocks starting to gain traction, we will see what Tuesday trading has in store.

Source: Resource Stock Roundup: Saturday, August 2nd, 2008