Avion Resources and Dynamite Resources are the latest wedding candidates with Avion proposing 0.75 of an Avion share for each Dynamite share. The move would consolidate ownership of the Tabakoto-Segala gold mine in Mali. Dynamite ended the day up C$0.005 at C$0.155, while Avion added C$0.02 at C$0.23.

Terrane Metals got a boost after announcing that it had received the Environmental Assessment Certificate for the province of British Columbia for its Mt. Milligan copper-gold project. Terrane ended the session up C$0.06 at C$0.25.

Meanwhile, Hawthorne Gold tabled an inferred resource of some 33 million metric tons grading 0.99 gram gold per ton for its Taurus deposit in British Columbia, Hawthorne closed out the day at C$0.275 for a C$0.02 gain.

Strathmore Minerals tabled resource estimates for its Nose Rock and Dalton Pass uranium properties in New Mexico. Nose Rock hosts a measured and indicated resource of 884,091 tons running 0.147% U3O8, plus an inferred resource of 167,012 tons averaging 0.135% U3O8. Dalton Pass hosts a measured and indicated resource of 1,622,750 tons running 0.095% U3O8, plus an inferred resource of 908,127 tons averaging 0.084% U3O8. Strathmore ended the session up C$0.035 at C$0.355.

Shares of Greystar Resources added C$0.43 to close at C$4.24 on no new developments. The first stage of its feasibility study on its multi-million ounce Angostura gold resource is expected shortly.

Well it looks like the United States dollar is finally coming under some pressure and that is good for commodity stocks, which are priced in United States dollars. How long will this trend continue? We will see what Friday trading has in store.

Source: Resource Stock Roundup: Friday, March 20th, 2009

Silvercorp Metals came out after the close and announced that it is suspending its TLP and HPG mines, as well as scaling down mining at the LM mine in China. The miner also expects to put its newly constructed Ying mill to be put on care and maintenance. A sign of things to come, Silvercorp says that smelters in China are shutting down or reducing their capacities, resulting in less demand for concentrates and a change in smelter terms. Silvercorp ended the day unchanged at C$2.95.

Hawthorne Gold has stepped up to the plate and is taking full ownership of the Taurus gold deposit in British Columbia by buying the remaining 70% stake from American Bonanza Gold. The price tag is 6.75 million shares giving American Bonanza a 13% stake in Hawthorne. At last count, Taurus held 32.4 million tonnes grading 1 gram gold per tonne. Hawthorne ended the day down C$0.03 at C$0.35, while American Bonanza closed unchanged at C$0.045.

Shares of Merrex Gold added C$0.01 to close at C$0.18 after the junior announced that it has acquired a 50% stake in the Crackingstone River uranium project in Saskatchewan and sold a 25% interest in the West Voiseys Bay joint venture project. Merrex will issue 1.2 million shares and spend C$1.2-million of exploration in the first year, and may incur a further C$2.4-million of exploration expenditures in the second year. For the 25% interest in the Voiseys Bay project, Merrex pockets C$1.2-million and retains a net 25% participating interest.

Western Prospector Group had another good day on no new developments. The company recently upgraded the resource estimate for its Gurvanbulag uranium project in northeast Mongolia with a feasibility study pending. Western added C$0.14 to close at C$0.53.

Cash strapped Oilexco is a stock to watch as the producer was halted from trading pending news at C$0.89.

The mini-rally in the junior market is going full bore and with such a dramatic sell off in 2008 one has to wonder how big the bounce could be. We will see what Wednesday trading has in store.

Source: Resource Stock Roundup: Wednesday, December 31st, 2008