5 Top Weekly TSXV Performers: Gold Explorers Find Support in Choppy Market

Explorer Vulcan Minerals is focused on precious and base metals. The company's main asset is the Newfoundland-based Springdale copper-gold project.

In addition to several “strategic land positions,” Vulcan holds a 36 percent stake in Atlas Salt (TSXV:SALT,OTCQB:REMRF); in mid-June, it expanded its equity interest in Sassy Resources (CSE:SASY,OTCQB:SSYRF).

Vulcan President Patrick Laracy offered the following comments in a press release:

“As part of our ongoing project generation activities, we are pleased to have completed this deal with a strong partner providing us with increased equity exposure to the mineral exploration boom in Newfoundland.”

Shares of Vulcan climbed 44.42 percent last week to close at C$0.75.

Royal Road Minerals has honed its efforts on gold and copper exploration and development projects located in Nicaragua and Colombia. In Colombia's Antioquia, Caldas and Nariño departments, the company holds 334,000 hectares of application areas and 37,000 hectares of concession contracts.

On August 4, Royal Road released a project update for its Colombian properties.

“It is largely accepted that Colombia has the potential to become one of the world’s leading copper and gold producers and that it could be in a position to help redress the World’s shortfall in metals which are critical to the global energy transition” said Tim Coughlin, president and CEO.

By Friday, Royal Road shares were up 42.78 percent, ending the week at C$0.28.

Constantine Metal Resources is an explorer focused on the Palmer copper-zinc-silver-gold-barite project in Southeast Alaska. Palmer is a joint venture with Dowa Metals & Mining, with Constantine serving as operator.

Last Monday (August 15), Constantine entered into a definitive agreement with American Pacific Mining (CSE:USGD,OTCQX:USGDF) that would see the latter acquire all issued and outstanding shares of Constantine.

“We believe American Pacific’s focus, financing capabilities and breadth of exploration experience in the US will result in Palmer reaching its full potential,” Garfield MacVeigh, Constantine’s CEO, said in a statement.

The deal helped shares of Constantine add 41.55 percent over the five day period, closing at C$0.41.

Corsa Coal produces metallurgical coal, which it sells to domestic and international steel and coke producers. The company has four operating mines in Pennsylvania and Maryland, and has plans for another two mines.

Corsa did not release any updates last week, but shares of the coal miner grew 36.09 percent to trade for C$0.34.

Midland Exploration is focused on gold, platinum-group metals and base metals exploration in Quebec.

At the beginning of August, the diversified company gave shareholders an update on a VTEM electromagnetic survey conducted at its Tête Nord nickel and copper property. Tête Nord covers 975 claims over a surface area of about 535 square kilometers, and is currently under option by Rio Tinto Exploration Canada, a unit of Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO). Highlights from the survey include the identification of multiple new conductors.

Last week, shares of Midland rose 29.56 percent, ending the five day period at C$0.46.