TSX Venture Mining Summary for Aug. 2, 2017

The S&P/Venture Composite Index finished up 0.17% to 769.33 and the S&P/TSX Global Mining index was down 0.37% to 66.15 for the day as the summer doldrums keep markets muted.  Gold closed down $10.60 to $1267.80 while silver closed down 20 cents to $16.53 and copper down a third of a cent to $2.815. On the TSX Venture, 330 issues advanced, while 357 remained unchanged and 366 declined; 129,534,861 shares traded hands in 21,950 trades worth approximately $44,115,000.  On the day, 29 companies reached new highs while 65 reached new lows on the TSX Venture.

Alexandria Minerals Corp. (AZX) released assay results from the final eight holes of the company’s winter-spring drill program at Orenada zone 4, which is located seven kilometres southeast of Val d’Or, Que. These assays include 4.21 g/t gold over 10.45 metres in DDH OAX-17-89, with near-surface intersections such as 53.40 g/t gold over 0.50 metres.  Shares in the company remained unchanged at 6.5 cents on 1,681,200 shares traded.

Quaterra Resources Inc. (QTA)  and its subsidiary Singatse Peak Services LLC released the first results from its continuing 2017 drill program at its Yerington copper project including one hole, YM-041A-17, that extends mineralization at least 800 feet below the existing sulphide resource in the Yerington pit. Share price remained unchanged at 11.5 cents with no shares traded.

Galway Metals Inc. (GWM) released assay results from 13 additional drill holes plus one wedge off a hole (5,962 metres) completed at its Estrades polymetallic property located in the northern Abitibi of western Quebec, Canada.  The headline results were 28.5% Zinc (Zn) over 3.3 metres; 18.6% Zn over 2.7 metres; 22.4 g/t Au and 10.4% Zn over 1.6 metres, and a deep hole of 4.2% Zn over 17.7 metres.  The company’s share price rose 3 cents to 37 cents on 125,400 shares traded.

Superior Gold Inc. (SGI) released additional results from the continuing underground diamond drill program at its 100-per-cent-owned Plutonic gold mine in Western Australia. Results published are for 112 drill holes for a total of more than 8,000 metres. 112 intersections encountered more than 5g Au/t, 51 intersections encountered more than 10g Au/t and 19 intersections encountered more than 20g Au/t. Exploration intersections of up to 38.3g Au/t over 2.05 metres and 17.8g Au/t over 5.10 metres were obtained, approximately 200 metres from known mineralization in the Indian zone. Shares in the company remained unchanged at $1.05 on 82,000 shares traded.

Tristar Gold Inc. (TSG) reported a highlight drill result of 14 m of 3.2 g/t Au at Castelo de Sonhos. Assay results from drilling at the Castelo de Sonhos gold project of Tristar Gold Inc. show significant intervals in new holes. Several individual intervals in the new holes run above 10 g/t, with CSH-17-188 reaching 27.8 g/t. Some of the individual reefs in these new holes are considerably thicker than the deposit average, which has historically been approximately four metres. With all of the new drilling being vertical, to a target depth of 120 m, all of the reported significant intervals are within reach of an open pit. Although diamond drilling has identified strong mineralization below 120 m, the upcoming PEA will focus only on a stand-alone open-pit mine and will not address possible longer-term potential from underground mining.  The company’s share price decline half a cent to 36 cents on 84,000 shares traded.

Abraplata Resource Corp. (ABRA) released results from the first drill hole of the its 2,000-metre drilling campaign at the Fantasma mineralized zone on its Diablillos property in southern Salta, northwestern Argentina. Hole DDH-17-128 intersected silver mineralization grading 98.3 grams per tonne silver over 52 metres, including 239.8 g/t Ag over 11.47 m, in which a single sample returned 515 g/t Ag over 1.47 m. The news failed to move the company’s share price which remained unchanged at 43.5 cents on 200 shares traded.

Saint Jean Carbon Inc. (SJL) drilled 10.95 m of 0.72% Cg at Bell.  The campaign comprised 11 drill holes totalling 1,338 metres in length. To date, the company has received the assay results of seven of the 11 holes bored. The assay certificates cover 191 samples. Shares in the company remained unchanged at 4.5 cents on 4,117,900 million shares traded.

Ashanti Gold Corp. (AGZ) intersected a new high-zone at Gourbassi East, Kossanto East Project, Mali; 47 metres of 3.29 g/t Au including 12 metres of 8.89 g/t gold), and 41 metres @ 2.22 g/t Au. The company provided its first assay results from the recently completed 53 hole, 6,073-metre drill program.   Shares in the company rose 4 cents to 44 cents on 309,3000 shares traded.

Maya Gold & Silver Inc. (MYA) released partial results of a diamond drill hole prepared and assayed at the independent laboratory, Analyse Development Minier SARL, based in Marrakech. Hole ZG-Ext6-17-S10 intersected 312 grams per tonne silver over three metres from zero metre to three metres and 1,314 grams per tonne silver over nine metres from 12 metres to 21 metres, including 3,807 grams per tonne silver over three metres from 13.5 metres to 16.5 metres, and appears to be part of a new structure to the east adjacent to ancient workings. Shares in the company rose 1 cent to 24 cents on 1,227,500 shares traded.

According to data provided by TMX Money, Cascadero Copper Corp. (CCD) is the only company expected to release earnings on August 3, 2017.

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