Shares of Teck Cominco (TCK.A, TCK.B) rebounded from Monday’s drubbing. The diversified miner added C$1.30 to close at C$30.22.

Linear Gold (LRR) failed to attract buyers after reporting a 5.07 metre drill intercept running 10.2 grams gold per tonne at its El Filao project in Brzil. Linear ended the day down C$0.06 at C$1.05.

Shares of Committee Bay Resources (CBR) bounced off the mat after the company tabled a 13.59 metre drill intercept grading 23.53 grams gold per tonne at its Three Bluffs deposit in Nunavut. Committee Bay ended the day up C$0.015 at C$0.115.

Beaten down uranium player UEX Corporation (UEX) added C$0.17 to close at C$1.51 after the company reported that the Horseshoe deposit in Saskatchewan holds an indicated resource of 3.578 million tonnes grading 0.237% U308 and an inferred resource of 311,000 tonnes grading 0.208% U308.

The junior explorers showed a bit of life on Tuesday but as the financial turmoil continues to unwind, the worst may not yet be over for the resource players. We will see what Wednesday trading has in store.

Source: Resource Stock Roundup Wednesday, October 1, 2008

For the tale of the tape, the TSX Exchange fell 0.15%, while the TSX Gold Index tacked on 1.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.78% with the declining issuers once again outpacing the advancers this time by a 464 to 403 margin on volume of 140 million shares traded.

Shares of Golden Predator Mines (GP) added C$0.10 to close at C$0.87 after the company reported a 3.5 metre intercept running 1% tungsten at its Springer project in Nevada.

Osisko Mining (OSK) continues to hit the goods at the South Barnat target some 1.2 km northeast of its Canadian Malartic deposit in Quebec. Highlights included 2.4 grams gold per tonne over 141.5 metres and 2.76 grams gold per tonne over 71.2 metres. The market however remains reluctant as Osisko ended the day down C$0.06 at C$3.54.

Sprott Resource (SCP) completed the sale of 17.05 million shares of PBS Coals and in the process pocketed over C$97 million after commissions. The cash rich company closed up C$0.09 at C$2.79.

The A flood of drill results are expected over the next few weeks and perhaps this will ignite a rather lackluster junior market currently plagued by a notable lack of buyers. We will see what Thursday trading has in store.

Source: Resource Stock Roundup Thursday, September 25, 2008