Top 5 Gainers on the TSXV Last Week

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 Sandspring Resources (TSXV:SSP), Galane Gold (TSXV:GG), Ethos Gold (TSXV:ECC), Constantine Metal Resources (TSXV:CEM) and Mega Precious Metals (TSXV:MGP).

Sandspring Resources 

Last week, exploration and development company Sandspring Resources rose 38.33 percent to trade at $0.39. The company is focused on gold and related minerals in Guyana, and is currently in the process of exploring the Upper Puruni property, located in Western Guyana’s Upper Puruni area. The claim block consists of 167 contiguous medium-scale prospecting permits, 13 medium-scale mining permits, seven small-scale claims and five prospecting licenses.

Galane Gold 

Galane Gold, which has a wholly owned subsidiary called Mupane Gold Mining Botswana, rose 27.27 percent last week to trade at $0.28. Mupane is a Northeastern Botswana-based open-pit mining operation with a mill and carbon-in-leach processing. Commercial production began in 2005, and since that time the mine has yielded 507,972 ounces of gold.

While the company is currently mining the Signal Hill pit, future plans include going back to the previously mined Tholo pit and opening the Golden Eagle deposit to production.

Ethos Gold 

Canada’s Ethos Gold, which is engaged in the identification, exploration and development of mineral properties, rose 25 percent last week to trade at $0.23. The company’s WC property, located in Yukon’s White Gold District, consists of 44 quartz claims.

Constantine Metal Resources

Junior exploration company Constantine Metal Resources rose 23.81 percent last week to trade at $0.13. It is engaged in the exploration and development of several properties, with its major focus being the Palmer project, a polymetallic massive sulfide exploration project in Southeast Alaska. Palmer is prospective for copper, zinc, gold and silver.

The company also has a gold-copper massive sulfide project in Idaho, as well as gold properties in Ontario, British Columbia and Yukon. It has 100-percent interests in four projects: Croesus, Phoenix, Golden Mile and Trapper. Constantine also has a 50-percent interest in 4,017 mineral claims in Yukon through a joint venture project with Carlin Gold (TSXV:CGD).

Mega Precious Metals 

Mega Precious Metals rose 21.05 percent last week to trade at $0.23. Formerly known as Mega Silver, Mega Precious Metals is a Canadian junior exploration and development company.

The company’s projects are located in different areas throughout Canada. In Red Lake, Ontario, it holds the East My-Ritt, Laverty and Skookum Lake properties, while in Northern Manitoba, it holds a 100-percent interest in the Monument Bay project. Mega’s Headway project is near Goldcorp’s (TSX:G,NYSE:GG) Red Lake gold mine, and its Domain project is in Northern Manitoba. The Blue Caribou project is in Nunavut.