5 Top TSXV Stocks: Silver Spruce Resources Jumps 38.46 Percent

The S&P/TSX Venture Composite index (INDEXTSI:JX) took quite a dip last week, dropping 1.18 percent and finishing at 547.20 points on Friday. 
Despite the drop, there were still quite a few companies that posted sizable gains during the same period. The top gainer for the week was Silver Spruce Resources (TSXV:SSE), followed by Constantine Metal Resources (TSXV:CEM), Tinka Resources (TSXV:TK), Gowest Gold (TSXV:GWA) and Mission Gold (TSXV:MGL).

Silver Spruce Resources

As mentioned, Silver Spruce was the top gainer on the TSXV this week, with its stock going up 38.46 percent and closing at $0.09 on Friday. The company is focused on its various rare earths and uranium projects in Labrador and recently purchased the the Pino de Plata project, an epithermal silver–lead–zinc property in Mexico.
In August the company filed the maiden NI 43-101 report for Pino de Plata. The report noted that three types of mineralization had been discovered at the property to date, and this set the stage for a targeted exploration program. There has been no other recent news to attribute the rise in share price to.

Constantine Metal Resources

Constantine’s share price went up 18.75 percent last week and closed at $0.10 on Friday. The base and precious metals company has been busy working at its flagship Palmer copper-zinc-silver project in southeast Alaska in recent months. It began a US$5 million drill program at Palmer in June and just few weeks later Constantine filed an updated inferred mineral resource for the property.
Palmer is a resource expansion stage, high-grade volcanogenic massive sulphide (VMS) project that Constantine has been advancing in partnership with Dowa Metals & Mining Co. The two companies signed a selection agreement on lands surrounding the Palmer project in late July, but there has been no other news to explain the hike in share price.

Tinka Resources 

Tinka’s share price closed at $0.22 on Friday after rising 15.79 percent last week. The company is focused on developing its 100-percent owned Colquipucro and Ayawilca projects, both of which are located in central Peru.
In late July, Tinka announced the start of a 10,000 meter drill program at the Ayawilca zinc project. At the same time, it released the results for a new Induced Polarization (IP) geophysical survey, which highlighted a number of new zinc targets on the property. There has been no further news from the company to explain last week’s rise in share price.

Gowest Gold 

Gowest Gold saw its share price increase by 15.38 percent last week, closing at $0.08 on Friday. Gowest Gold is focused primarily on gold, with its North Timmins gold project. The company increased its reach in Ontario at the end of August when it acquired a 100-percent interest in four patented claims from Crown Mining Corp. At the same time, the company announced that it was initiating a program designed to encourage the early exercise of up to 50 million of its outstanding unlisted warrants at a reduced price for a limited time period.

Mission Gold 

Canada-based precious metals explorer and developer Mission Gold saw its share price gain 15 percent last week, closing at $0.23. The company’s main projects include its El Petate gold target in Mexico and its Alto Parana property in Paraguay. The company also had the option to acquire 100 percent of Imperial USA Corp., a subsidiary of Goldcorp USA Inc, and with it the Imperial gold project in California.
However, Mission announced in August that is was terminating the option agreement “due to the deteriorating state of the capital markets for junior natural resource companies and the depressed price of gold.” The company has had no other recent news to explain the share price increase.