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

In a reversal of fortunes, Western Canadian Coal will loan up to $36 million to its major shareholder to Cambrian Investment Holdings, a wholly owned subsidiary of Cambrian Mining PLC. Cambrian will use the funds to repay its financing facility with Investec Bank. Western ended the day up C$0.17 at C$0.88.

NovaGold Resources (AMEX:NG) wasted little time in raising much needed capital. The cash-starved company inked a deal to sell just over 46.1 million units at $1.30 each for gross proceeds of $60 million. NovaGold ended the session up C$0.13 at C$1.90.

Meanwhile, New Gold (AMEX:NGD) has placed its Amapari mine in Brazil on temporary care and maintenance due to cost factors. New Gold ended the day at C$1.61 for a C$0.16 loss.

Dynamite Resources added C$0.005 to close at C$0.10 after the junior announced that Blue Note Mining acquired an additional 12.5 million shares of the cash-rich company.

Uranium players generally had a good session with junior JNR Resources adding C$0.155 to C$0.445 and Strathmore Minerals adding C$0.15 to close at C$0.44.

As expected Friday marked a slow trading day as most investors do not get back to their computer screens until Monday. That said, the buy side interest is encouraging. We will see what Monday trading has in store.

Source: Resource Stock Roundup: Monday, January 05th, 2009