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 fell 1.44%, while the TSX Gold Index dropped 0.7% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, plunged another 3.13% with the declining issuers swamping the advancers by a 537 to 386 margin on abysmal volume of only 137 million shares traded.

Shares of Hathor Exploration (HAT) and Terra Ventures (TAS) rallied after resuming trading following news that measurement of natural gamma emission radiation in counts per second (cps) indicate nineteen individual zones (ranging from 0.1 to 3.4 metres) of highly radioactive (5,000 cps to greater than 9,999 cps) mineralization were encountered within broader zones of elevated radioactivity (greater than 500 cps), of up to 20.7 metres on the Rough Rider uranium zone in Saskatchewan. Hathor with a 90% stake in the project added C$0.30 to close at C$2.85, while 10% holder Terra added C$0.11 at C$0.64.

Beleaguered zinc miner Blue Note Mining gave some rare good news in that its Caribou zinc-lead mine in New Brunswick produced a record 85,537 tonnes during June. Blue Note ended the day up C$0.01 at C$0.125.

Shares of Uracan Resources (URC) were halted from trading pending news at C$0.43. The company recently tabled an inferred resource for its Double S zone in Quebec. Based on a 0.009% U3O8 cut-off, the resource tallied 74.215 million tonnes averaging 0.012% U3O8.

The correction in resource stocks continued with the junior bourse leading the way. The question now is: how low will we go? We will see what Thursday trading has in store.

Source:Resource Stock Round Up Thursday July 10, 2008