CANADIAN STOCK EXCHANGES    
IT CANNOT GET ANY WORSE -  BUT WHEN WILL IT GET BETTER
By Edward A. Schiller

          This spring and summer the world got caught up by events ranging from very serious to just serious.  Starting with the April 20 Deepwater Horizon off shore rig  disaster in the Gulf of Mexico we than saw world stock markets spiral downwards as certain European countries faced almost economic  collapse.  Although Canada was not confronted with any major catastrophe other than the Vancouver Canucks and Montreal Canadian removal from the Stanley Cup hockey finals.  From a resource stock stand point it is difficult to identify any joy as sellers dominated the market place and buyers where packing up and heading for the beaches and summer cabins hoping that a market turn around would eventuated upon their return to Bay or Burrard Streets in Toronto or Vancouver respectively  when the kids went back to school.

      In early June for the sports fan the Blackhawks and the Flyers were bashing each  other in either Chicago or Philadelphia, and the World Cup in South Africa was about to become the major TV event of the year.

       So what can we say worth saying.  As I have been reporting in previous editions the Saskatchewan uranium exploration activity is a must for those who see a need for more uranium reserves.  Everyone is either building or about to build over 400 nuclear reactors world wide.  We can dismantle just so much nuclear war heads, but at the end of the day we need nuclear fuel from new sources.  The Hathor Resources/Terra Ventures Roughrider  joint venture in Saskatchewan continues to report phenomenal uranium drill hole intersections that are really staggering.  Intersections ranging from 26.5 metres of 3.55% U3O8 to 22.5 metres of 2.80 % U3O8 within which included 6 metres of 14.46% U3O8 and three metres of 7.68% U3O8 respectively.  Intersections of new mineralization in two separate areas shown as unmineralized within the initial resource model were discovered such as in hole MWNE-10-187a of 9.5 metres of 2.64% U3O8.  These results are part of a 27,000 metre winter drill program with more assay results forthcoming this summer.  Hathor (HAT-TSX-V) trades in the $1.50 range and Terra (TAS-TSX-V) trades in the 45 cent range and both have held quite well in this bad market. 

        Moving eastward and to another commodity Peregrine Resources Ltd (PGD-TSX-V) is a diligent diamond explorer  in Nunuvut with some joy coming out of their Chidliak project on Baffin Island.  This month they announced the discovery of kimberlite CH-18 located 15 and 16 kilometres northeast of previously discovered kimberlites CH-12 and CH-13 respectively.  A 12-tonne mini-bulk sample is scheduled to be collected from kimberlite CH-6 this month.  The project is being conducted under a joint venture agreement with BHP Billiton, the owners of the Ekati diamond mine at Lac de Gras, north of Yellowknife.  Peregrine stock has weathered the storm and trades around $2.10-2.15.

     With the 2010 exploration field season in full swing  across Canada as well on foreign lands we look to new successes by our Canadian explorers and hopefully new joy can be discussed in our next edition.