5 Top Weekly TSXV Stocks: Aurion Surges on Discovery of New Gold Zone

The S&P/TSX Venture Composite Index (INDEXTSI:JX) closed last week up 1.34 percent at 819.28 points.
Most stock indices saw big gains on Friday, supported by positive US jobs data and President Donald Trump’s executive order to review banking regulations. Many companies enjoyed share price increases that day, with precious and base metals stocks seeing some of the largest gains.
The five TSXV-listed stocks that gained the most last week were:

• Aurion Resources (TSXV:AU)
• Sama Resources (TSXV:SME)
• BonTerra Resources (TSXV:BTR)
• Nighthawk Gold (TSXV:NHK)
• Ashburton Ventures (TSXV:ABR)

Here’s a look at the factors that moved the share prices of those companies.

Aurion Resources

Aurion Resources is a precious metals exploration company currently working in Nevada and Finland. The company’s strategy is to systematically and methodically generate or acquire high-quality, early stage precious metals exploration properties. On February 1, the company reported the discovery of new bonanza-grade gold mineralization at its Risti project in Finland.
The company’s share price rose 223.23 percent last week on the back of the news, reaching $1.60.

Sama Resources

Sama Resources is a growth-oriented resource company focused on its Samapleu nickel-copper project in Côte d’Ivoire. Sama’s projects are located adjacent to the large nickel-cobalt laterite deposits of Sipilou and Foungouesso, which form a 125-kilometer base metals camp in West Africa. Midway through January, the company completed a down-hole geophysical survey to follow up on shallow high-grade nickel-copper-palladium intercepts.
Last week, Sama’s share price saw a 55.56-percent increase and ended at $0.14.

BonTerra Resources

BonTerra is a gold exploration company focused on its Quebec-based Gladiator project. The project is made up of three properties: West Arena, East Arena and Coliseum.
On February 2, BonTerra announced that it has intersected multiple gold zones at Gladiator’s Rivage Gap western extension. The news sent the company’s share price up 38.78 percent to end at $0.34.

Nighthawk Gold

Nighthawk Gold is an exploration company focused on acquiring and developing gold properties in the Northwest Territories. Its flagship Colomac gold project lies within its Indin Lake gold property, which covers 222,203 acres in the Indin Lake gold camp, located approximately 200 kilometers north of Yellowknife.
The company’s share price closed the week at $0.71, up 36.54 percent. It has not released any news since December.

Ashburton Ventures

Last on the list is Ashburton Ventures, an exploration company focused on Canadian mineral projects in Quebec and BC.
Its share price closed at $0.13 last week, up 35 percent. The increase came after the company signed an agreement to acquire a 100-percent interest in the Z-1 zeolite quarry/mine located about 3 kilometers northeast of Cache Creek in BC.
Data for 5 Top TSXV Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Related reading:
5 Top Weekly TSXV Stocks: Gold Stocks Up

This article is updated each week. Please scroll to the top for the most recent information.

5 Top Weekly TSXV Stocks: PNG Gold On Top

The top gaining TSXV stock last week was PNG Gold followed by Oceanic Iron Ore, Nexus Gold, Cordoba Minerals and Scientific Metals.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) closed the week up by 1.52 percent to 809.62 points.
It was a rollercoaster week in Trump’s first seven days of presidency, as he’s already signed a dozen or so executive orders and memorandums that will fundamentally change relations with his nearest neighbours for years to come. But on Friday markets were quiet ahead of the Chinese Lunar New Year.
Despite this, many stocks were on the rise last week, with gains as high as over 66 percent over the five-day period.
In particular, base metals and gold sectors had some of the top-gaining stocks.
The top five stocks for the week were:
PNG Gold (TSXV:PGK)
Oceanic Iron Ore (TSXV:FEO)
Nexus Gold (TSXV:NXS)
Cordoba Minerals (TSXV:CDB)
Scientific Metals (TSXV:STM)
Here’s a closer look at those companies:

PNG Gold

PNG Gold has interest in the Normanby exploration license and the Sehulea exploration license, on Normanby Island, eastern Papua New Guinea. The Normanby project consists of over two main prospects, Imwauna and Kelas, along with several untested prospects. The gold mineralization ranges from 0.5 meters to 6.0 meters in the Imwauna Main structure. The Sehulea project contains several low sulfidation epithermal gold deposits, which require additional drill testing.
Over the five-day period, shares of PNG Gold saw an increase of over 66.67 percent to reach $0.22.

Oceanic Iron Ore

Oceanic is focused on the development of the Ungava Bay iron properties in Nunavik, Quebec. The properties comprise three project areas: Hopes Advance, Morgan Lake and Roberts Lake, which cover over 300 kilometres of iron formation and are located within 20 – 50 km of tidewater.
Last week, shares of Oceanic Iron Ore saw a 64.29 percent increase to reach $0.34.

Nexus Gold

Next on the top weekly TSXV stocks is Nexus Gold, an exploration and development company currently concentrating its efforts on two gold projects located in Burkina Faso, West Africa. The Bouboulou gold concession is a 38-sq km advanced exploration target where previous drilling has confirmed multiple zones of gold mineralization. The Niangouela gold concession is a 178-sq km project featuring high grade gold occurring in and around a primary quartz vein 1km in length.
The company does not have any news regarding its share price increase, but has recently announced that it has received gold assays from five further samples taken from its Niangouela gold project, with some returning values of 403 grams per tonne gold.

Cordoba Minerals

Cordoba Minerals is a mineral exploration company focused on the exploration and acquisition of copper and gold projects in Colombia. Cordoba has a joint venture with High Power Exploration on the highly prospective, district-scale San Matias Copper-Gold Project located at sea level with excellent infrastructure and near operating open-pit mines in the Department of Cordoba.
Last week, shares of the company increased 55.91 percent to reach $1.45.

Scientific Metals

Last in the top weekly TSXV stocks is Scientific Metals, an exploration company focused on the acquisition and development of production grade metal deposits that are critical components to rechargeable batteries including lithium, cobalt and iron. Scientific Metals Corp.’s key assets are located in Idaho, Utah and Alberta.
Shares of Scientific Metals closed the week out at $0.35–a 45.83 percent increase over the week.
Data for 5 Top TSXV Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Nexus Gold is a client of the Investing News Network. This article is not paid-for content.