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The top five gainers on the TSXV last week were Samco Gold, Tinka Resources, Newport Exploration, Ginguro Exploration and Nevada Clean Magnesium.
Last week, the share prices of a number of junior resource companies on the TSX Venture Exchange increased.
The five that saw the greatest increases were Samco Gold (TSXV:SGA), Tinka Resources (TSXV:TK), Newport Exploration (TSXV:NWX), Ginguro Exploration (TSXV:GEG) and Nevada Clean Magnesium (TSXV:NVM).
Samco Gold
Samco Gold gained 66.67 percent last week to trade at $0.35. The company acquires, explores and develops mineral properties, focusing on gold and silver.
Its flagship property is the El Dorado-Monserrat epithermal gold project, located in the Deseado Massif region of Santa Cruz, Argentina. Samco holds many other exploration properties in that region, including the Corina project and the 2Gs project, which is comprised of two adjacent concessions in the belt of mineralization in the western part of Deseado Massif. Samco’s projects are near productive mines owned and operated by other companies.
Tinka Resources
Canada-based Tinka Resources gained 37.66 percent last week, rising to a price of $0.21. The junior resource company acquires and explores precious metals properties located in Peru and develops them for production or joint ventures.
Tinka has an interest in the Colquipucro project, located near the famous Cerro De Pasco mine. It also has 46 claims in the Department of Pasco, which is northeast of Lima and northwest of Cerro de Pasco. Surface mineralization exists at Colquipucro, Colquisur and Ayawilca and Colquicocha.
Newport Exploration
Newport Exploration, which acquires and explores mineral, as well as oil and gas, properties, last week gained 33.33 percent to trade at $0.20.
The company has a 2.5-percent royalty interest in PEL 91, an oil project in the Cooper Basin, Australia. Newport has held this interest since 2002, but is not in a position to estimate royalty payments as it is currently a non-operating interest. The company also holds an interest in the Chu Chua massive sulfide deposit, which is north of Kamloops, British Columbia. Preliminary metallurgical testing began there in late 2013.
Ginguro Exploration
Ginguro Exploration gained 30.43 percent last week, hitting a price of $0.30. Ginguro acquires, explores and advances gold properties in the Americas.
Currently, the company is targeting the Precambrian paleo-placer gold deposit that lies across its Pardo, Four Corners and Grigg/Stobie gold properties. The Pardo project is near Sudbury, Ontario, as is Four Corners. The company owns a 55-percent interest in an additional group of claims nearby. It also has projects in Chile, notably the El Alto project, which is at the southern extremity of a Mesozoic iron belt that hosts copper deposits of a high quality. The El Alto project itself is prospective for copper, gold and iron.
Nevada Clean Magnesium
Nevada Clean Magnesium gained 28.57 percent to trade at $0.09 last week. Formerly Molycor Gold, the company works on acquiring, exploring and developing mineral resource projects in British Columbia, Canada and Nevada.
The company has 12 exploration projects, including gold, silver, molybdenum, copper, platinum, palladium and magnesium projects. Its flagship property is the Tami-Mosi project in Nevada; it has an inferred 111 billion pounds of primary magnesium in a high-purity dolomite block. The company aims to become a major producer and distributor of magnesium using that property.