5 Top Weekly TSXV Stocks: Ophir Jumps on Sample Results from Radis Lithium Project

Weekly gain: 53.66 percent; market cap: C$25.54 million; current share price: C$0.63

Starr Peak Mining is an exploration company whose projects — the NewMétal base metals project and the Rousseau and Turgeon Lake gold projects — are all in Quebec, Canada, along the Ontario border. The company is planning a drill program at NewMétal and closed a private placement aimed at funding that work in early May.

While it hasn’t shared any press releases since then, last Thursday (June 29), Starr Peak Mining released its financials and management commentary for the nine month period ended April 30 on SEDAR. Its share price peaked at the close of the trading day on Friday (June 30) after climbing throughout the second half of the week.

Weekly gain: 47.06 percent; market cap: C$14.68 million; current share price: C$0.375

Uranium company Trench Metals is exploring the Higginson Lake and Gorilla Lake uranium projects, which are both located in the Athabasca Basin in Saskatchewan, Canada. The company has the right to acquire 100 percent interests in both.

Although it didn’t release news last week, on June 23 the company shared an overview of its 2023 prospecting program at Higginson Lake, which it says will “employ cutting-edge technology, utilizing state-of-the-art scintillometers.” The company’s share price climbed to a weekly high of C$0.405 during trading last Wednesday (June 28).

Weekly gain: 29.69 percent; market cap: C$65.82 million; current share price: C$0.415

Power Metals is focused on its Case Lake project, which hosts a pegmatite swarm containing cesium, lithium and tantalum mineralization. The company completed a high-resolution airborne magnetic survey and a LiDAR survey at Case Lake in May.

The next steps will be field-based prospecting and mapping programs, which the company said it was aiming to commence in late June. The company’s share price hit a weekly peak of C$0.51 last Thursday early in the trading day.

Weekly gain: 29.33 percent; market cap: C$34.56 million; current share price: C$0.485

Ophir Gold is a lithium and gold company with options to earn 100 percent interests in the Radis lithium property in James Bay, Quebec, and the Breccia gold property in Idaho, US.

Ophir began its 2023 exploration at Radis in early June, but was only able to spend a day and a half in the field before it had to stop due to forest fires. However, the company reported last Thursday that the 11 samples it was able to collect during that time confirmed multiple spodumene-bearing pegmatite outcrops.

The company’s share price jumped on the news, and continued climbing through last Friday.

Weekly gain: 26.92 percent; market cap: C$36.96 million; current share price: C$0.165

Japan Gold has a portfolio of 34 gold projects across three of Japan’s islands. The company is in an alliance with Barrick Gold (TSX:ABX,NYSE:GOLD), and the two jointly conducted an evaluation of the large portfolio. Six projects were selected to proceed to the second evaluation phase, and Barrick is advancing those projects.

The two companies began exploration at the Mizobe project earlier this year, and last Wednesday announced that their framework drill program encountered wide, high-grade gold intervals. One highlight from the drilling was 10 meters grading 4.3 grams per metric ton gold, including 4 meters grading 6.2 grams per metric ton. Japan Gold’s share price hit a weekly peak last Thursday.