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Calibre Mining, Arian Silver, Xtierra, East Asia Minerals, and Eagle Hill Exploration Corporation saw the most appreciation in their stock prices for the week ending August 16.
Calibre Mining Corp. (TSXV:CXB)
Based in Canada, Calibre Mining is an advanced gold, copper and silver exploration company that primarily works in the ‘Mining Triangle’ of Northeast Nicaragua. Its share price rose the most last week, at 175 percent. It also saw a heavy trading volume of 8,744,072 transactions.
The company’s huge growth is due to its recent announcement of drilling results for its Montes de Oro asset in Northeastern Nicaragua. On August 15, Calibre reported that new research has expanded the project’s high-grade mineralized intercept to 52.3 meters grading 7.1 grams per tonne of gold.
Arian Silver Corporation (TSXV:AGQ)
The silver exploration, development and production company focuses on advanced silver and base-metal projects in the silver belt of Mexico. Last week, its shares moved up 108.33 percent on a trading volume of 2,032,634.
On August 9, Arian Silver released its timetable of principal events. According to the report, the company expects the approval and commencement of trading on the TSXV to occur on September 3. A general meeting and share capital reorganization will occur on August 29.
Xtierra (TSXV:XAG)
Based in Toronto, Xtierra is a mineral exploration and development company that focuses on precious and base-metal projects in Zacatecas, Mexico. According to its website, Xtierra plans to become a mid-tier producer of silver and base metals through the development of its Bilbao deposit.
Last week, the company’s share price rose 83.33 percent on a high trading volume of 495,231. This is likely because it recently completed a successful drilling program at its Bilbao Project in Zacatecas. The assessment discovered thick intersections of good-grade mineralization with notable high-grade silver intersections throughout the property.
East Asia Minerals (TSXV:EAS)
The Canadian mineral resource exploration and development company primarily works on precious metal projects in Indonesia. According to its website, East Asia Minerals has two mineral resource estimates on each of its main assets, the Sangihe and Miwah projects. Research has found 3.77 million ounces of gold in the inferred category and 210,000 ounces of gold in the indicated category.
The company’s stock price gained 78.57 percent last week. It also saw a fairly high trading volume of 1,541,113. This year, East Asia Minerals intends to focus on additional drilling at its Sangihe Project. It hopes to increase potential output estimates and commence production in 18 to 24 months, according to its website.
Eagle Hill Exploration Corporation (TSXV:EAG)
Last week, Eagle Hill Exploration’s share price increased 57.14 percent with a very high trading volume of 5,794,035. The Canadian mineral exploration company is focused on the exploration and development of its high-grade Windfall Lake Gold Deposit, which is located in Quebec.
The company’s improvement in share prices is likely due to its announcement August 15 that it gained 100-percent ownership of its Windfall property, which has an indicated resource of 538,000 ounces of gold at 10.1 grams per tonne. Earlier the same day, Eagle Hill announced that its shareholders approved a $12 million private placement.