5 Top Weekly TSX Stocks: Nighthawk Gold Rises on Updated Resource Estimate for Colomac

Arizona Metals owns 100 percent of both the Kay mine project in Yavapai county and the Sugarloaf Peak gold project in La Paz county, Arizona. During 2022, the company completed approximately 33,000 meters of core drilling at the Kay mine deposit, received drill permits for both the central and western targets and initiated drilling on targets outside the deposit.

Despite not releasing any news last week, shares of Arizona Metals increased 20.65 percent to end at C$4.85.

Emerging gold miner Sabina Gold & Silver owns 100 percent of the Back River gold district in Nunavut, Canada. The 80 kilometer belt hosts six properties: Goose, George, Boulder, Boot, Del and Bath. The company is currently advancing the Goose project, for which it released an updated feasibility study in 2021; it has received all major permits and authorizations for construction and operation.

Last week, shares of Sabina Gold and Silver increased 17.04 percent to end at C$1.58.

Questerre Energy is focused on the acquisition, exploration and development of oil and gas projects. In Canada, Questerre holds assets in Alberta, Saskatchewan, Manitoba and Quebec, and it also has properties in Jordan.

Even though it did not release any news last week, shares of Questerre increased 15.91 percent to end the five day period at C$0.25.

Chile-focused Aclara Resources is a rare earths company that has developed an extraction process called Circular Mineral Harvesting. The process uses no explosives, no crushing and no milling, and it does not produce any liquid residues. Aclara is currently putting all its efforts into the development and future construction and operation of the Penco Module, which will aim to produce a rare earths concentrate through a processing plant that will be fed by clays from nearby deposits.

Last week, shares of the company increased 15.66 percent to end the five day period at C$0.48.

Nighthawk Gold is focused on advancing its multimillion ounce Colomac gold project and exploring its land in Canada's Northwest Territories. Last Thursday (February 9), the company released an updated mineral resource estimate for Colomac, showing a significant expansion of the open-pit mineralization compared to its previous 2022 estimate.

As a result, Nighthawk Gold saw its share price go up by 12.94 percent last week to reach C$0.48.