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Amongst news of access rights, exploration results and changes in financing, many companies found success on the Toronto Venture Stock Exchange last week.
Amongst news of access rights, exploration results and changes in financing, many companies found success on the Toronto Venture Stock Exchange last week.
Below are the five with the greatest increases.
Canada Carbon gained 70.97 percent last week, with 5,798,246 shares traded. A carbon sciences company, Canada Carbon concentrates on graphite exploration and sales. It has many exploration properties in Canada, from Ontario to Yukon. Last week, Canada Carbon secured surface access rights for its Miller hydrothermal lump-vein graphite property for an initial period of five years. This agreement allows it to undertake graphite prospecting and exploration programs. The Miller graphite mine is in a prime location that introduces value for shareholders, as mobilization time and costs are low because of expertise close by, according to a press release from Marketwire.
Astur Gold (TSXV:AST)
Astur Gold gained 44.47 percent on a volume of 402,000 shares traded. The company is developing the Salave gold project in Asturias, Spain. The property is one of the largest undeveloped gold deposits in Western Europe. Astur Gold was granted authorization to drill at Salave in late July. The property contains 1,683,000 ounces of gold in the measured & indicated categories, and a further 338,000 ounces of gold in the inferred category.
Boss Power (TSXV:BPU)
Boss Power rose 34.62 percent on a volume of only 10,000 shares this week. The company works on discovering and developing high-grade uranium deposits in North America. Its flagship project, the Blizzard uranium deposit, has been evaluated several times. A report from the late 1970s maintains it has the capacity to generate some 10.4 million pounds of U308 if mined. The project is in the Greenwood Mining Division of British Columbia. Boss Power’s current goal is to replicate and verify the feasibility study from decades ago using current standards. It will also conduct environmental baseline studies, which along with the feasibility study will lead to the formal work necessary for permitting, according to the company’s website.
International Enexco (TSVX:IEC)
With a gain of 28.13 percent on a volume of 143,100 shares, International Enexco had a successful week. The company has joint interest with Cameco( TSX:CCO) and Areva (EPA:AREVA) to explore the Mann Lake property in Northern Saskatchewan for uranium. Recent reports on the project show positive results from the drill program. IEC has an option to acquire interest in the Hannah property in Nevada, which consists of unpatented claims on Bureau of Land Management land.
Latin American Minerals (TSVX:LAT)
Latin American Minerals gained 25 percent last week, with 24,000 shares changing hands. The company is a mineral exploration firm working primarily in Latin America. In Paraguay, the company is involved in gold, diamond and niobium/rare earth element projects. The company also has a zinc–copper project in Argentina. It recently announced financing for general working capital needs. It also made known that it has received regulatory approval for a one-year extension for 4.98 million warrants at a price of 20 cents apiece.