Post says Ventana, other junior golds back in the chips

2009-06-10 06:35 PT - In the News

See In the News (C-VEN) Ventana Gold Corp

The Financial Post reports in its Wednesday edition junior golds are back, and nobody knows it better than Richard Warke. The Post's Peter Koven writes that Mr. Warke's company, Ventana Gold ($4.61), had some really bad luck. It began trading on the Toronto Stock Exchange in November, when the world appeared to be falling apart. Despite some positive early drill results from the company's La Bodega property in Colombia, a junior gold company was the last thing any investor wanted to hear about. "We opened at a dollar and promptly dropped to 30 cents," said Mr. Warke, the chief executive officer. Within days, Ventana shares plummeted all the way down to four cents. The turn in market sentiment, along with a stellar gold price, has got Bay Street responding to positive results again. That has cleared the way for a major comeback among the junior golds that are sitting on something substantial. Ventana has gone on a big run because of drill data from its La Mascota gold discovery. Many other junior golds are also trading around their highest levels in months (if not ever), including Rubicon Minerals, San Gold, Lake Shore Gold, Kirkland Lake Gold, Detour Gold and Osisko Mining Corp.