raw zinc metal up close

Which junior zinc stocks listed on the TSXV have seen the biggest share price gains year-to-date? INN lists the top five gainers here.

Click here to read the previous top junior zinc stocks article.

After becoming one of 2020's best-performing metals, zinc rallied into 2021 to reach a 14 year high.

The base metal started January at US$2,799 per tonne on the London Metal Exchange. As global economies begin to rebound from the COVID-19 pandemic, zinc held onto its gains, surpassing US$3,900 in October.

Upward price action in the zinc market has also been good for junior zinc-mining stocks. Here’s a look at the five top junior zinc stocks on the TSXV that have seen share price gains year-to-date.

All data for this article was gathered on December 16, 2021, using TradingView’s stock screener. Only junior zinc stocks with market caps greater than C$10 million at that time were considered.

1. Emerita Resources 

Current share price: C$2.92; year-to-date gain: 1,227.27 percent

Emerita Resources (TSXV:EMO) is exploring and developing the Plaza Norte zinc project in the Reocin mining district in Northern Spain alongside its 50/50 joint venture partner Grupo Aldesa, a major Spanish construction and infrastructure firm with international operations. Emerita holds additional exploration properties in Spain, including the Iberian Belt West gold-silver-copper-zinc-lead project.

In the early fall, the company shared assay results from its drill campaign on the La Infanta deposit located on the Iberian Belt West property. It highlighted hole IN018, which intersected 8.2 meters grading 2.5 percent copper, 8.7 percent lead, 17.3 percent zinc, 223.5 grams per tonne (g/t) silver and 0.5 g/t gold from 59.4 meters. Emerita’s share price has been on a tear this year, hitting a 2021 high of C$4.14 on November 2.

2. Constantine Metal Resources

Current share price: $0.50; year-to-date gain: 194.12 percent

Constantine Metal Resources' (TSXV:CEM) main focus is the Palmer volcanogenic massive sulfide (VMS) copper-zinc-silver-gold project in Southeast Alaska. It is a joint venture between Constantine (50.04 percent) and Dowa Metals & Mining (49.96 percent), with Constantine as operator.

In late March, the company announced a US$8.8 million exploration program at Palmer with 6,000 meters of drilling planned to take place. Assay results from this drill program released in late October include an intersect of 7.08 percent zinc, 2.1 percent copper, 40.57 g/t silver and 0.42 g/t gold over 6.9 meters. Constantine shares hit a high for the year of C$0.69 on November 29.

3. Gossan Resources

Current share price: C$0.20; year-to-date gain: 150 percent

Gossan Resources (TSXV:GSS) has a diverse portfolio of exploration and development projects in Manitoba, Ontario and Newfoundland. Its flagship project is the Glitter property, located in Northwestern Ontario’s polymetallic Sturgeon Lake greenstone belt, which is rich in zinc, copper and silver.

In May, Gossan raised nearly C$2 million through a private placement of flow-through units. Its share price hit a 2021 high of C$0.35 on May 10. Gossan may have more positive news flow in 2022 following its December commencement of a 4,000 meter diamond drilling program at Glitter. It has defined three highly prospective drill targets for this program, which is designed to test for the presence of economic VMS-style deposits.

4. Murchison Minerals

Current share price: C$0.14; year-to-date gain: 42.11 percent

Exploration- and development-stage resource company Murchison Minerals (TSXV:MUR) has a diverse base metals project portfolio in two of Canada’s top mining jurisdictions.

The company’s assets include the wholly owned Brabant Lake zinc‐copper‐silver project in North‐Central Saskatchewan, and the wholly owned HPM nickel‐copper‐cobalt project in Quebec. Murchison also holds an option to earn a 100 percent interest in the Barraute VMS exploration project in Quebec.

Over the summer, Murchison conducted preliminary metallurgical testing on core samples collected at the Brabant-McKenzie deposit. The results show that a simple flotation test can improve the zinc grade from 9.13 percent to 27 percent with a 98 percent recovery. Additionally, a four stage cleaner flotation test resulted in a zinc concentrate of 50.2 percent with an 85.06 percent recovery. The company believes recycling of cleaner tails will result in an overall net zinc recovery of at least 90 percent.

The company’s share price hit a 2021 high of C$0.17 on November 23.

5. Group Eleven Resources

Current share price: $0.11; year-to-date gain: 16.67 percent

Group Eleven Resources (TSXV:ZNG) has four zinc exploration assets within the established Irish Zinc District and near or adjacent to major historic mines or deposits. A major source of zinc production since the 1960s, this region is currently home to some of Europe’s largest zinc projects, including Glencore’s (LSE:GLEN,OTC Pink:GLCNF) Pallas Green deposit and the past-producing Lisheen mine and Galmoy mine.

Group Eleven shares hit a high for the year of C$0.18 on May 11. In November, the company intersected several massive sulfide intervals during a preliminary drill campaign at zones three and four of the Carrickittle prospect within the PG West project. These results suggest the mineralizing system remains robust and open over 400 meters southwest of the high-grade massive sulfides intersected last year at zone one.

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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Constantine Metal Resources and Emerita Resources are clients of the Investing News Network. This article is not paid-for content.


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