5 Top Weekly TSXV Stocks: Atico Rises 50 Percent on Deal to Develop La Plata Project

Weekly gain: 54.05 percent; market cap: C$11.43 million; current share price: C$0.285

Eminent Gold is a gold exploration company focused on two projects in Nevada, US.

Its Gilbert South project is located within the Gilbert District, which has hosted historical production since the early 1900s. It consists of 129 claims over an area of 1,070 hectares. To date, Eminent has not conducted any drill programs at Gilbert, but a June 2022 technical report shows that 362 rock samples collected by the company yielded up to 143 parts per million gold, while 826 soil samples collected had up to 700 parts per billion gold (ppb).

The company is also working on its Hot Springs Range project, located in Northern Nevada. The site consists of 419 federal lode claims and covers an area of 3,600 hectares. The company has conducted limited exploration at the site, collecting soil samples with grades of up to 16.67 ppb gold, as reported in a June 2022 technical report.

Shares of Eminent were up over 50 percent this past week; however, the company has not released news in 2024.

Weekly gain: 50 percent; market cap: C$19.41 million; current share price: C$0.18

Atico Mining is a copper and gold mining and development company focused on assets in Latin America.

Its flagship property is the El Roble mine in Carmen de Atrato, Colombia. The site consists of an operating underground mine that has processed 3.5 million metric tons (MT) of copper and gold ore over a two decade period and has a 1,000 MT per day capacity. Reported mineral reserves from a September 2021 technical report show proven and probable quantities of 1 million MT of ore grading 3.02 percent copper and 1.76 grams per MT (g/t) gold.

The company also owns the La Plata project located near Santo Domingo, Ecuador. The project is still in the pre-development stage. A technical report from July 2019 indicates that historic exploration at the site revealed estimated reserves of 233,200 MT with grades of 3.87 g/t gold, 43.15 g/t silver, 4.77 percent copper and 4.35 percent zinc.

Shares of Atico saw gains this past week following a news release on Tuesday (March 5). The company signed an investment agreement with the government of Ecuador to develop its La Plata project. The agreement represents a funding package of US$157 million, and according to Atico will see the Ecuadorian state assist and expedite the progress of the project by facilitating approvals, licenses and permits.

Weekly gain: 50 percent; market cap: C$16.15 million; current share price: C$0.18

Giga Metals is a base metals development company focused on its Turnagain nickel project located in Northern BC, Canada.

Giga Metals has 85 percent ownership of the project, with the remaining 15 percent owned by Mitsubishi (TSE:8058). A prefeasibility study released in October 2023 shows proven and probable reserves of 1.95 million MT of nickel, 121,000 MT of cobalt, 727,000 ounces of palladium and 739,000 ounces of platinum. The company estimates that Turnagain will produce 37,288 MT per year of nickel and cobalt over a 30 year period.

Shares of the company were up 50 percent this past week, but it has not released news in 2024.

Weekly gain: 50 percent; market cap: C$32.85 million; current share price: C$0.135

Goldshore Resources is an exploration company focused on its flagship Moss gold project in Western Ontario, Canada.

Historic prospecting at the Moss site from the late 1800s to the 1950s resulted in multiple high-grade discoveries, as well as limited mining. More extensive exploration started at the Snodgrass lake prospect in the 1970s, when it was under the ownership of Falconbridge Exploration. Exploration was continued by various companies up until the 2000s, and Goldshore acquired the property in 2021 from Wesdome Gold (TSX:WDO,OTCQX:WDOFF).

On February 6, the company released a updated mineral resource estimate for the Moss and East Coldstream deposits at Moss, reporting indicated quantities of 1.54 million ounces grading 1.23 g/t gold contained within 38.96 million metric tons, and an inferred estimate of 5.2 million ounces grading 1.11 g/t gold contained within 146.24 million MT.

Goldshore’s most recent news came this past Wednesday, when it announced that CEO and Director Brett A. Richards will be transitioning to an interim CEO position while maintaining his seat on the company's board.

Weekly gain: 47.37 percent; market cap: C$10.53 million; current share price: C$0.14

Turmalina Metals is a gold, silver and copper explorer that is developing a portfolio of projects in South America. Its primary site is the San Francisco project, located in San Juan, Argentina. The asset covers 40,340 hectares and contains seven priority targets. The company also owns the Chanape project in Huarochiri, Peru. It is comprised of a 677 hectare land package and hosts copper, gold and silver mineralization. To date, the site has undergone approximately 15 kilometers of drilling, including more than 12 kilometers of historic drilling.

Shares of Turmalina saw gains this past week following a news release on Monday (March 4), when the company arranged a C$1.5 million non-brokered private placement. The company said it will use the proceeds from the financing to satisfy ongoing costs for its properties, as well as for general working capital.