The S&P/Venture Composite Index finished down 0.3% to 768.04 and the S&P/TSX Global Mining index was up 0.15% to 66.52 for the day as the summer doldrums roll on. Gold closed up $1.50 at $1274.90 while silver closed down 9 cents to $16.70 and copper down 1.6 cents to $2.875. On the TSX Venture, 327 issues advanced, while 368 remained unchanged and 365 declined, 115,365,198 shares traded hands in 19,555 trades worth approximately $54,171,000. On the day, 21 companies reached new highs while 69 reached new lows on the Venture Exchange and 8 venture mining companies released drill results and sample assays.
Precipitate Gold Corp. (PG) released results that included the discovery of mineralization in a previously untested anomaly to the south of the main zone yielding a 1.1-metre interval of 2.59 grams per tonne gold (including 0.11 per cent copper, 0.6 per cent lead and 0.65 per cent zinc) (GR17-15) and a main zone drill intercept of 14.73 metres of 1.16 grams per tonne gold, including 2.67 metres of 2.23 grams per tonne gold (GR17-13). Laboratory results are pending for eight more holes.
Klondike Gold Corp. (KG) reported today results from its lonestar property in the Yukon with 30.7 m of 1.6 g/t Au at Lone Star in the Yukon. Thus far in 2017, the drill program has completed 35 holes. Assays for the earliest 11 holes have been received, including 9 holes released today. Twenty-four holes are still in the lab queue, while drilling continues. The market response to the news was muted as shares in the company were down half a cent on 209,000 shares to 30 cents.
Panoro Minerals Ltd. (PML) provided an update of its exploration drill program at its Cotabambas copper-gold-silver project in Peru. Highlights of the program are from Drillhole CB-157, the first hole completed at the Maria Jose zone, intersected 195.2 m of copper mineralization grading 0.34 % Cu, 0.06 g/t Au and 1.6 g/t Ag. Shares of the company remain unchanged at 15.5 cents for the day.
Altamira Gold Corp. (ALTA) identified two new zones of mineralization have been identified at both Baldo East and Toninho, at its Cajueiro Project, Brazil. Results from the initial five trenches at Baldo East include 3m @ 6.54g/t gold including 1m @ 17.54g/t gold, and 6m @ 2.26g/t gold, and 3m @ 5.83 g/t including 1m @ 16.24g/t, and 1m @ 9.15g/t, and 9m @ 1.19 g/t including 1m @ 5.62g/t . Shares in the company were down half a cent to 18.5 cents on 286,700 shares.
Aurion Resources Ltd. (AU) released 452 rock samples assayed from nil to 2,520 grams per tonne (81.4 ounces per ton) with 32 assaying greater than 31 g/t Au (one ounce per ton), 45 greater than five g/t Au and 70 assaying greater than 1.0 g/t Au from its Aamurusko gold prospect, Finland. Share price declined 3 cents to $1.78 on 436,000 shares.
Margaux Resources Ltd. (MGX) released the results from initial surface rock sampling on its Bayonne and Jackpot properties, in Southern British Columbia. The results include gold assays from grab samples of up to 27.5 g/t (grams per tonne) gold on the Bayonne and widespread zinc mineralization at Jackpot including 20.8 per cent zinc from Jackpot Main. Shares in the company remained unchanged at 28 cents on 50,500 shares.
Galantas Gold Corp. (GAL) reported grab samples of between 1.1 and 11.0 grams per tonne gold and between 1.4 and 7.0 g/t silver from its underground mine Omagh Gold Mine, Ireland. The share price remained unchanged at 8 cents on 20,000 shares.
Mexican Gold Corp. (MEX) released its initial mineral resource estimate for the El Dorado/Juan Bran and Santa Cruz zones at its Las Minas project, Mexico. Total measured and indicated resource amount to 304,000 ounces AuEq contained within 4.97 million tonnes grading 1.9 g/t AuEq. The initial mineral resource estimate is for two of the eight known zones of mineralization at Las Minas. The company was halted at remains so at the end of the trading day.
According to TMX earnings calendar for the TSX venture, Avino Silver and Gold Mines Ltd. (ASM) should be releasing its second quarter 2017 results after the close of the market on August 2, 2017. Barkerville Gold Mines (BGM), North Arrow Minerals Inc. (NAR), and Orsu Metals Corp. are expected to be publishing their earnings tomorrow as well.
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