For the tail of the tape; the TSX Exchange added 1.31%, while the TSX Gold Index tacked on 1.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gained 0.16% with the declining issuers beating out the advancers by a 443 to 355 margin on volume of 130 million shares traded.

Shares of Roscan Minerals (CVE:ROS) lost C$0.35 to close at C$0.35 after the company announced that it will not proceed with the acquisition of the Prognoz silver project.

Goldsource Mines (CVE:GXS) managed a modest recovery as some optimism that economic coal could still be found on its coal permits of the Border Property near Hudson Bay, Saskatchewan. Goldsource ended the day up C$4.74 at C$8.89.

Equal partners Thundermin Resources (TSE:THR) and Cornerstone Resources (CVE:CGP) continue to hit the goods on the Little Deer property in Newfoundland. The latest results include 2.2% copper over 16.8 metres. Cornerstone ended the day down C$0.01 at C$0.22, while Thundermin added C$0.015 at C$0.29.

The sellers apparently elected to take a rare day off but indications are they will be back. We will see what Monday trading has in store.

Source: Resource Stock Roundup: Saturday, July 26th, 2008