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Ginguro Exploration, Atacama Pacific Gold, Xtierra, Eagle Hill Exploration and Ucore Rare Metals 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 Ginguro Exploration (TSXV:GEG), Atacama Pacific Gold (TSXV:ATM), Xtierra (TSXV:XAG), Eagle Hill Exploration (TSXV:EAG) and Ucore Rare Metals (TSXV:UCU).
Ginguro Exploration
Ginguro Exploration, which mines for gold in the Americas, rose 38.89 percent last week to trade at $0.25.
The company recently announced that it has applied to the TSX Venture Exchange to extend the term of certain of its existing share purchase warrants. The plan has been approved by Ginguro’s board of directors.
Atacama Pacific Gold
Chile-focused Atacama Pacific Gold rose 38.1 percent to trade at $0.90 per share last week.
The company recently reported that metallurgical test results from the Maricunga oxide gold project continue to look promising. The tests were aimed at determining how gold could be recovered using new methods that might be more effective. During the tests, the majority of leachable gold was extracted in the first 20 days by using high-pressure grind rolls on recoveries.
Xtierra
Xtierra, a company that mines precious and base metals in Mexico, gained 33.33 percent to trade at $0.12 per share last week.
Most recently, on April 28, the company released an updated NI 43-101 compliant resource estimate and preliminary economic assessment for its Bilbao silver–lead–zinc project. Moving forward, Xtierra plans to “seek alternatives to maximize the value of Bilbao including seeking to develop Bilbao either alone or in a joint venture with a partner or through corporate transactions.”
Eagle Hill Exploration
Canada-based Eagle Hill Exploration rose 25 percent last week to trade at $0.05.
On June 20, the company closed the final tranche of a non-brokered private placement, raising $32,500 and “bringing the total raised pursuant to the Offering to approximately $2.74 million.” The money will be put toward general working capital.
The company is holding a general meeting today, after which it will host a shareholder update.
Ucore Rare Metals
Last week, Ucore Rare Metals rose 24.05 percent to trade at $0.32 per share.
The company announced last week that Sean Parnell, governor of Alaska, has signed legislation authorizing the Alaska Industrial Development and Export Authority to provide financing for the company’s Bokan-Dotson Ridge project.
Jim McKenzie, president and CEO of Ucore, commented, “[t]he official signing of SB99 is an important milestone for our company and for the people of Alaska. Bokan will advance Alaska’s economic agenda, and ensure a secure domestic supply line of rare earth metals for the American market.”
