After an early morning sell-off the resource-rich Canadian markets rallied hard but the junior bourse still ended the session in the red during Wednesday trading. For the tale of the tape, the TSX Exchange added 1.10%, while the TSX Gold Index dropped 2.1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell a modest 0.06% with the declining issuers continuing to swamp the advancers, this time by a 580 to 394 margin on volume of 138 million shares traded.

It was a good day for shareholders of Noble Metal Group (NMG) after the company’s subsidiary has entered into an exploration agreement with Cougar Minerals for the exploration of Noble’s 37,980 hectares of oil shale exploration permitted lands near Hudson Bay,…