Antioquia Gold was the top-rising resource stock on the TSXV last week. It was followed by Northquest, Millrock Resources, Kootenay Silver and Sama Resources.
Last week, the S&P/TSX Venture Composite index (INDEXTSI:JX) rose for a second consecutive week, increasing 5.94 percent, to 556.68 points.
Companies in the mining sector also saw marginal gains during the period. The top gainers were Antioquia Gold (TSXV:AGD), Northquest (TSXV:NQ), Millrock Resources (TSXV:MRO), Kootenay Silver (TSXV:KTN) and Sama Resources (TSXV:SME).
Antioquia Gold was the top gainer on the TSXV for the second week in a row, rising 50 percent to close at $0.095 on Friday. The company announced Tuesday that it has begun construction at its Cisnero project in Colombia. Antioquia also entered into an agreement with Consorcio Guaico to carry out civil works and mining activities in the permitted Guaico sector.
Northquest was the second-biggest gainer on the TSXV last week, rising 43.24 percent to close at $0.265. The company is focused on its Pistol Bay gold project in Nunavut, which consists of 861 square kilometers of mineral rights covering a 90-kilometer strike length.
In September, Northquest provided an update on the ongoing diamond drill program at the project. As of September 8, 6,552 meters of drilling across 31 holes had been completed at the Vickers zone at the property. There was no recent news to explain the jump in the company’s share price.
Millrock saw its share price increase by 35.14 percent on the TSXV last week, closing at $0.25 on Friday. The boost came as the company announced Tuesday that it has been granted an option to purchase the Liberty Bell gold-copper project in Alaska. The property, which is comprised of 188 claims covering 6,150 hectares, is prospective for replacement-style gold mineralization, gold-bearing quartz veins, stockworks and shears and intrusion-hosted gold.
Last week, Kootenay Silver saw its share price increase by 29.41 percent to close at $0.33. On Tuesday, the company announced that it has optioned its Cervantes gold-copper project in Mexico to Aztec Metals.
“The agreement with Aztec represents our third successful option agreement in the past 12 months of our generative program,” Kootenay’s president and CEO, James McDonald, said in a press release. “The agreement serves as a strong compliment to our previously announced option agreements over this same period, including optioning the Silver Fox property to the major copper mining company Antafogasta and the San Diego property to Alamos Gold.”
Sama Resources gained 23.33 percent on the TSXV last week, closing at $0.185. The company is focused on exploring its Samapleu nickel-copper-palladium project in West Africa. At the end of September, Sama announced exploration results that saw borehole YE16-390480 intercept diorite and almost tripled the size of the Yacouba layered complex. There was no other recent news to explain the increase in the company’s share price.
Data for TSXV Top 5 articles is retrieved each Friday. Only companies with a market capitalization greater than $10 million are included.
Securities Disclosure: I, Kristen Moran, hold no direct investment interest in any company mentioned in this article.
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