The Canadian markets came off the holiday Monday with a hangover as slipping commodity prices caused carnage for the resource stocks during Tuesday trading.

For the tail of the tape; the TSX Exchange dropped 1.88%, while the TSX Gold Index plunged 7.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, sank 4.28% with the declining issuers beating out the advancers by a 688 to 245 margin on volume of 130 million shares traded.

New market darling Goldsource Mines (GXS) reported that hole 5 on its Border Property near Hudson Bay, Saskatchewan hit 36.8 metres of coal. The hole was drilled 4.5 kilometres northwest of the discovery hole. Goldsource ended the day down C$0.66, at C$8 even.

Antares Minerals (ANM) tagged 341.8…