Bravo Venture Group (BVG) tagged 73 metres of 20.99 grams gold per tonne at its Homestake Ridge project in northwestern British Columbia. Bravo ended the day up C$0.30 at C$0.53.

Hathor Exploration (HAT) continues to cut the goods at its 90% owned Midwest Notheast property in Saskatchewan but continues to get no investor love. The latest results include 46 metres running 3.25% U308. Hathor ended the day down C$0.37 at C$2.70, while 10% owner Terra Ventures lost C$0.08 at C$0.56.

Copper Mountain Mining (CUM) got no joy after the company announced that Mitsubishi Materials Corporation has agreed to pay C$28.75 million for a 25% equity stake. Mitsubishi will also arrange a C$250 million project loan, and contract to purchase all the copper concentrate from the Copper Mountain project in British Columbia. The junior finished the session at C$1.02 for a C$0.17 loss.

Victoria Gold (VIT) cut 11.48 grams gold per tonne over 33.5 metres at its Cove-McCoy project located in north-central Nevada. The results sent Victoria shares C$0.035 higher to C$0.305.

Despite cutting 77.34 grams gold per tonne over 11 metres from its Detour Lake project in Ontario, Detour Gold (DGC) fell C$1.28 to close at C$10.64.

Shares of Potash Corp (POT) got slammed thanks to the on going selloff of commodities. Potash ended the day down C$35.50 at C$101 even.

The junior bourse has hit fresh five year lows and its descent since May of 2007 is showing no signs of abating anytime soon. We will see what Friday trading has in store.

Source: Resource Stock Roundup Friday, October 3, 2008

For the tale of the tape, the TSX Exchange fell 0.42%, while the TSX Gold Index was the big winner by jumping 2% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 1.14% with the declining issuers beating out the advancers by a 570 to 302 margin on volume of 111 million shares traded.

It was a rough day for shareholders of Goldsource Mines (CVE:GXS) after the company reported that one hole returned 41.1 metres of coal, while another hit 6.7 metres and a third had no coal at the Border Property near Hudson Bay, Saskatchewan. Drilling is now complete until after freeze up. Goldsource ended the day at C$4.50, down C$1.38.

Shares of ATAC Resources (CVE:ATC) managed to gain C$0.02 to close at C$0.34 after reporting a 78.54 metre intercept running 1.71 grams gold per tonne at its wholly owned Rau property in the Keno Hill district of central Yukon.

Gateway Gold (TSE:GTQ) and Victoria Gold (CVE:VIT) are looking to merge in a transaction that would see Victoria acquire Gateway for 0.5 Victoria share for each Gateway share. At the end of the day, Victoria would have nearly 113 million shares outstanding. Gateway ended the day up C$0.01 at C$0.18, while Victoria added C$0.02 at C$0.36.

Anatolia Minerals Development (TSE:ANO) has been granted the forestry permit for its Copler gold mine project in Turkey. The permit is the final preconstruction permit needed. Anatolia ended the session up C$0.16 at C$2.32.

A notable lack of buyers is driving to junior bourse to new multi-year lows. We will see what Wednesday trading has in store.

Source: Resource Stock Roundup: Wednesday, August 20th, 2008