Pershimco Resources, Legend Gold, Dolly Varden Silver, North American Nickel and Astur Gold were the top five gainers on the TSX Venture Exchange 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 Pershimco Resources (TSXV:PRO), Legend Gold (TSXV:LGN), Dolly Varden Silver (TSXV:DV), North American Nickel (TSXV:NAN) and Astur Gold (TSXV:AST). Here’s a look at what those companies are working on at the moment.
Junior mineral exploration company Pershimco Resources, which is engaged in the acquisition, exploration, development and operation of mining properties, rose 38 percent last week.
Its properties include the Courville project in Northwest Quebec, as well as the Panama-based Cerro Quema project, which is highly prospective for gold. The company’s Cusi project, located in Chihuahua, Mexico, is prospective for silver, gold and copper, while its Magistral project, situated in the same area, is similarly promising.
Legend Gold, an “agressive” exploration company formerly known as North Atlantic Resources, rose 13.46 percent last week.
In 2010, Legend sold its uranium assets in Niger; it is now concentrating on gold exploration in the Republic of Mali, where it began work in 2002. The company currently holds three gold projects there and is one of Mali’s largest landholders.
Dolly Varden Silver
Exploration-stage company Dolly Varden Silver rose 9.52 percent last week. Its flagship project is the Dolly Varden silver project in Northwest British Columbia. Mining ceased at the site in 1959, but the price of silver has sparked renewed interest in it; it is considered an advanced exploration property with well-understood targets.
Before mining recommences, the company will need to confirm the presence of additional silver resources as well as those that were known when mining was in progress at the site.
North American Nickel
North American Nickel, which holds properties in Greenland and Canada, rose 9.43 percent last week.
At the moment, the company’s main focus is the Greenland-based Maniitsoq project, at which a 2013 drilling program was recently completed. Results indicate that there are deposits of nickel, copper and cobalt at the site. In Ontario, North American Nickel holds the Post Creek project, which consists of “35 contiguous unpatented mining claims and one isolated claim,” as well as the Halcyon property, which is made up of “53 unpatented mining claim units,” as per the company’s website.
A drill program is planned for North Thompson, a Manitoba property, in the winter of 2014.
Junior miner Astur Gold is developing its Salave gold project in Asturias, Northern Spain. The company filed an amended preliminary economic assessment for the project on November 21; it is one of Western Europe’s biggest undeveloped gold projects and holds 1,683,000 ounces of gold in the measured and indicated category, as well as an additional 338,000 ounces inferred.
Astur also operates the Codosera gold project in the Extremadura region of Eastern Spain. At the end of October, it filed an application for a gold deposit in the Czech Republic.
Editorial Disclosure: North American Nickel is a client of the Investing News Network. This article is not paid-for content.