5 Top Weekly TSXV Performers: Bell Copper Up 180 Percent on Big Sandy Work

1. Bell Copper 

Base metals junior Bell Copper is focused on Arizona, where it is exploring the Big Sandy porphyry copper project and the Perseverance porphyry copper project.

Last Wednesday (February 2), Bell reported the drilling of copper sulfide mineralization at Big Sandy.

“Bell Copper continues to build on the discovery at Big Sandy, first announced in January 2020 with BS-1 cutting chalcocite, chalcopyrite, and molybdenite mineralization hosted by a strongly altered 74.2 Ma porphyry,” Tim Marsh, the company's president and CEO, said in the statement.

Shares of Bell were up 188 percent on Friday to trade at C$0.49.

2. Three Valley Copper

Three Valley Copper is developing its primary asset, Minera Tres Valles (MTV), located in Chile.

Last Thursday, Three Valley updated shareholders on the discussions with senior lenders, as well as a temporary halt of work at the block-caving operation.

“Discussions with MTV’s senior secured lenders are ongoing, and collectively, the Company, MTV and the senior secured lenders agree that it is in each party’s best interests to ensure Papomono comes into production responsibly, with the full support of all stakeholders and with minimal delay,” the release states.

Three Valley saw its shares add 150 percent over the five day session to close at C$0.10.

3. CGX Energy

CGX Energy is a Canada-based oil and gas company focused on exploring for oil in the Guyana Suriname Basin, as well as the development of a deep-water port in Berbice, Guyana.

At the end of January, CGX discovered “approximately 177 feet (54 metres) of hydrocarbon-bearing reservoirs” at its joint venture Kawa exploration well with Frontera Energy (TSX:FEC,OTC Pink:FECCF).

In light of the discovery, the team “anticipates spudding its second commitment well, called Wei-1, in the northwestern part of the Corentyne block in the second half of 2022.”

By last Friday, CGX shares had added 59.04 percent to hold at C$3.54.

4. Vital Energy 

Junior oil and gas company Vital Energy is based in Calgary, Alberta, and is focused on conventional crude oil exploration, development and production in Western Canada.

Vital did not release any news last week; however, shares were able to climb 57.42 percent to sit at C$0.22.

5. Fabled Silver Gold

Precious metals junior Fabled Silver Gold is engaged in the acquisition, exploration and operation of near-term properties in Mexico. Its shares were up 50.24 percent last week, holding at C$0.10.

Fabled started the month by releasing final Phase I surface diamond drilling results from a program at the Santa Maria property. The company said hole SM20-50 provided infill drilling on a drill-poor area; it also followed the vertical down plunge of the Santa Maria structure by -160 meters from hole SM20-47, vectoring in on earlier results from holes SM20-48 and SM20-49. The company will now further refine drill and exploration targets.