5 Top Weekly TSXV Stocks: Rugby Resources Surges 75 Percent

Weekly gain: 75 percent; market cap: C$18.59 million; current share price: C$0.07

Rugby Resources is an explorer primarily focused on copper and gold projects in South America and the Philippines. 2023 has seen the company center its efforts around the Cobrasco copper-molybdenum project in Northern Colombia.

The most recent news about the project came on October 31, when the company reported that exploration of a new porphyry, Cobrasco East, had returned assay results of up to 5.38 percent copper, 1.4 grams per metric ton (g/t) gold and 121 g/t silver. These represent higher gold and lower molybdenum values compared to Cobrasco Central. Rugby Chairman Yale Simpson indicated that the company is making progress in securing a major mining company as a partner and said, "Our goal is to very significantly advance the exploration and development of Cobrasco.”

Shares of Rugby were up this past week following Wednesday's (November 28) news that the company has closed an oversubscribed private placement, raising C$626,127. Proceeds will be used for exploration and general expenses.

Weekly gain: 70.65 percent; market cap: C$76.27 million; current share price: C$1.57

Teuton Resources is an exploration company operating using a prospect generator model. It has interests in more than 30 properties in the Golden Triangle region of BC, Canada.

The company’s recent focus has been its Treaty Creek property. Teuton holds a 20 percent stake in the joint venture alongside Tudor Gold (TSXV:TUD,OTC Pink:TDRRF), which holds a 60 percent stake, and American Creek (TSXV:AMK,OTCQB:ACKRF), which holds the remaining 20 percent interest.

On November 22, Tudor Gold provided assay results from a 200 meter step-out hole from Treaty Creek’s Goldstorm deposit. Tudor Gold President Ken Konkin said the testing indicates a very robust system with surprisingly high gold values, including up to 9.78 g/t gold alongside 1.35 g/t silver and 0.23 percent copper over 12 meters.

This was followed by a news release this past Wednesday with more positive developments from the Goldstorm deposit. The sixth set of drill results from Tudor indicate grades of up to 14.89 g/t gold, 4.72 g/t silver and 0.6 percent copper over 15 meters. “The results from these two sections will add to the overall quantity of gold, silver and copper in the indicated and inferred categories of the next mineral resource update,” Konkin said.

Weekly gain: 66.67 percent; market cap: C$10.73 million; current share price: C$0.05

Klondike Silver operates its 100 percent owned Silvana Mine project in the West Kootenay region of BC. It consists of a 114 square kilometer claim block with several exploration targets, as well as 68 past-producing mines, including the Silvana mine; they sit along a 9 kilometer main lode structure, half of which is within Klondike’s claim. The site also contains a permitted 100 metric ton per day flotation mill.

Shares of the company traded higher this past week, reaching C$0.05. Klondike’s most recent news came on November 20, when it received a 30 day extension to close a private placement originally announced on June 6.

Weekly gain: 63.64 percent; market cap: C$28.87 million; current share price: C$0.09

Maple Gold Mines is a gold exploration company with projects in Québec, Canada. It is primarily focused on its 50/50 joint ventures with Agnico Eagle (TSX:AEM,NYSE:AEM): the district-scale Douay and Joutel gold projects located in the province's Abitibi Greenstone Belt. Maple Gold also has a 100 percent interest in the Eagle Mine project, a past-producing mine within the Joutel project that it acquired in 2021 from Globex Mining Enterprises (TSX:GMX,OTCQX:GLBXF).

Though the company hasn’t reported news from its projects since August 3, shares were up this week after it announced on November 22 that Kiran Patankar has been appointed Maple Gold’s president and CEO; the firm also filed its Q3 financial results. Patankar had been serving as interim president and CEO since August 28.

In a statement, Patankar commented that “current market conditions remain challenging for junior explorers,” but said he believes the company’s C$5 million in liquidity — combined with cost reductions and its partnership with Agnico Eagle — puts Maple in a position to discover the next major gold camp in the Abitibi Greenstone Belt.

Weekly gain: 61.9 percent; market cap: C$15.34 million; current share price: C$0.17

Vizsla Copper is a copper, gold and molybdenum exploration and development company focused on its flagship Woodjam copper and gold project, located within the Quesnel Terrane in Southern BC. In addition to Woodjam, the company wholly owns the 37,466 hectare Copperview copper-gold project in South Central BC, the Blueberry copper project in Central BC and the Redgold project in the Quesnel Terrane. It also has a 60 percent interest in the Carruthers Pass project, with the remaining 40 percent held by Cariboo Rose Resources (TSXV:CRB,OTC Pink:CROOF).

Shares of the company were trending up this week, although its last news release came on November 2, when it identified a copper and gold target at the Copperview property through an airborne geophysical survey.