Top 5 Gold Stocks on the TSXV (Updated April 2022)

1. Tower Resources (TSXV:TWR)

Year-to-date gain: 158.82 percent; current share price: C$0.22

Tower Resources is operating out of BC, Canada, with its focus set on advancing its 100 percent owned Rabbit North copper-gold, Nechako gold-copper-silver and More Creek gold-silver projects, the last of which is located in BC’s Golden Triangle. The company performed a diamond drill program at Rabbit North in December 2021.

Tower has continued to explore Rabbit North in 2022 after its diamond drill program discovered a new gold zone, which it has named the Golden zone. The announcement includes an intercept from the zone of 95 meters at 1.4 grams per tonne (g/t), including 19.2 meters of 4.21 g/t. Tower began further drilling at the Golden zone on March 23, news that saw shares rise from C$0.11 on March 21 to an over four year high of C$0.25 on April 1.

At the end of February, the company released its only news unrelated to Rabbit North: the acquisition of the West Afton claims near Kamloops, BC.

2. GoldQuest Mining (TSXV:GCQ)

Year-to-date gain: 130.77 percent; current share price: C$0.30

GoldQuest Mining has gold and copper properties in the Dominican Republic. Its primary focus is its Romero project, and according to the company, its board and management team have experience developing a mine in the country that is still in operation. In addition to Romero, GoldQuest is exploring its Tireo property.

The company's share price jumped from C$0.14 to C$0.30 to start the year, and has fluctuated within a range of C$0.24 to C$0.36 since then, although it has only released one piece of news in 2022. That came on March 31, when GoldQuest provided an update on the Romero project. The company is currently working with the Dominican Republic government to receive an exploitation license for the property, but does not yet have a timeline on when that could be granted.

3. Quartz Mountain Resources (TSXV:QZM)

Year-to-date gain: 110.81 percent; current share price: C$0.39

Quartz Mountain Resources is an exploration company that is focused on gold, silver and copper deposits in BC. Its goal is to acquire properties, explore them and then transact them. Its current projects are its Maestro gold-silver-copper-molybdenum project near Houston, BC, and its Jake copper-gold project near Smithers, BC. It states on its website that it was expecting to release 43-101 technical reports for both in the first quarter of this year; however, as of the end of Q1, neither had yet been released.

The company’s only news in 2022 was its January 12 announcement that its board of directors had approved the granting of stock options. However, shares of Quartz Mountain have climbed significantly in 2022.

4. Reunion Gold (TSXV:RGD)

Year-to-date gain: 110.71 percent; current share price: C$0.295

Reunion Gold is focused on the Guiana Shield, operating projects in Guyana, Suriname and French Guiana. The company has a 50/50 alliance with Barrick Gold (TSX:ABX,NYSE:GOLD) for its NW Extension in Suriname. Reunion’s primary focus is its Oko West project in Guyana, where it spent much of 2021 drilling.

Reunion Gold has seen significant price movement following its news releases in the latter half of February and early March. First was its February 18 release, in which the company announced that it had updated the information about Oko West on its website, as well as its corporate presentation. Next, on February 24, the company announced both that it had drilled its two deepest gold intercepts at Oko West, and that it had completed a private placement financing. On March 3, the company appointed Pierre Chenard to its board of directors. Chenard has experience working with mining companies dating back to 1988. This wave of releases saw the company's share price run from C$0.20 on February 17 to a year-to-date high of C$0.36 on March 29.

5. Walker River Resources (TSXV:WRR)

Year-to-date gain: 100 percent; current share price: C$0.08

Walker River Resources is focused on its Lapon gold project in Nevada’s Walker Lane trend. The mining-friendly US state is famous for its precious metals. The company’s project is fully permitted and has historical high-grade gold mining. In 2019, Walker River also expanded its land holdings along discovered extensions of Lapon.

Walker River’s share price steadily climbed in 2022 without any news releases to a year-to-date high of C$0.12 on March 31. The company released its first news of the year on the same day, the results of a reverse-circulation drill program at Lapon, with highlights such as 7.62 g/t gold over 48.8 meters, including 77.16 g/t over 4.5 meters. The company’s share price fell in the days following the announcement, but is still up significantly in 2022.