For the tail of the tape; the TSX Exchange lost 0.59%, while the TSX Gold Index (TSE:XGD) was the lone winner by adding 1.1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 0.08% with the declining issuers beating out the advancers by a 518 to 412 margin on volume of 128 million shares traded.

Well let’s see. On Friday we reported that shares of Goldsource Mines (CVE:GXS) added C$4.74 to C$8.89 on optimism that economic coal could still be found on its coal permits of the Border property near Hudson Bay, Saskatchewan. Now I am not one to call out the dogs but on Monday the company reported that it hit 23.2 metres of coal in its fifth hole on the project. Pure luck or a little leakage ahead of the news and perhaps the regulators should decide which. Goldsource ended the day up C$0.99 at C$9.88 after hitting an intraday high of C$14.65.

On the area play front, shares of Geo Minerals (CVE:GM) added C$0.055 to close at C$0.255 after the company received a letter from Saskatchewan Energy and Resources stating that of the coal permit applications will be given priority sequence.

Stocks to watch for Tuesday’s session include Hathor Exploration (CVE:HAT) and Terra Ventures (CVE:TAS). The 90-10% partners on the Roughrider uranium discovery zone in Saskatchewan were halted from trading pending news. Hathor closed at C$2.91 up C$0.06 before the halt, while Terra closed at C$0.64 for a C$0.02 loss. More drill results coming so stay tuned.

After a bit of a rest on Friday, the sellers are back using any volume generated to sell stocks. We will see what Tuesday trading has in store.

Source: Resource Stock Roundup: Tuesday, July 29th, 2008

For the tale of the tape, the TSX Exchange rallied 1.2%, while the TSX Gold Index tacked on 0.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.2% with the advancing issuers out pacing the decliners by a 561 to 491 margin on good volume of 276 million shares traded.

Kadywood Capital and FNX Mining have inked a deal that has Kadywood buying for C$400 million 50% of the contained gold, platinum and palladium metal in ore mined and shipped from multiple FNX operations in Ontario. Kadywood intends to change its name to Gold Wheaton and is looking to raise C$200 million. The company also announced a deal to purchase 100 per cent of the life-of-mine gold production from the Tulsequah Chief mine in British Columbia from Redcorp Ventures. Kadywood ended the day up C$0.31 at C$0.90, Redcorp added C$0.025 to close at C$0.23 and FNX added C$1.66 to close at C$25.11.

Potash remained hot, as evidenced by investor reaction to Alix Resources and Geo Minerals news that the pair has acquired the exclusive potash rights to a total of 84 assorted locations of freehold minerals in Saskatchewan. Geo ended the day up C$0.225 at C$0.49, while Alix added C$0.18 at C$0.50.

The junior bourse may well be heading into its traditional summer slumber but the trading volumes suggest that we could have a rather active next few months. We will see what Monday trading has in store.

Source: Resource Stock Roundup: Saturday, June 14th, 2008