5 Top Weekly TSXV Performers: Airborne Survey Boosts Northern Graphite Shares

1. Northern Graphite

Northern Graphite is focused on becoming a leader in producing natural graphite and upgrading it into high-value products critical to the green economy, including graphene and anode materials for electric vehicle fuel cells.

Last Wednesday, the company commenced a high-resolution, horizontal magnetic gradient and electromagnetic (VTEMTM Plus) airborne survey on its South Okak nickel, copper and cobalt property in Labrador.

According to Northern Graphite, the property consists of 473 claims covering 11,825 hectares that are prospective for magmatic nickel sulfide deposits. The firm has an option to earn up to an 80 percent interest in the South Okak property by spending C$1.5 million on exploration over four years and making milestone payments of C$550,000 in cash and shares. Company shares rose 34 percent last week, ending the period at C$0.66

2. Morien Resources

Mining development company Morien Resources holds royalty interests in two Nova Scotia-based projects: the Donkin coal mine and the Black Point aggregate project.

The Donkin coal mine, which is owned and operated by Kameron Collieries, was put on care and maintenance in February 2020 following a roof fall in the Tailgate section of the mine. In mid-June, reports surfaced that the company may restart the mine, and that has been supportive of share value.

Last week, shares of Morien added 31.76 percent, closing the end of the month at C$0.56.

3. Endurance Gold

Diversified explorer Endurance Gold has several critical metals and gold projects in North America.

Last Tuesday (June 28), Endurance offered an update following a reverse-circulation drill program at its Reliance gold property in BC, Canada. In a press release, the firm notes, “additional excellent near-surface, high-grade results,” were identified. The company's share value went up 25.53 percent to close the week at C$0.42.

4. Garibaldi Resources

Garibaldi Resources is a junior exploration company focused on the discovery and strategic development of base metals assets in British Columbia and Mexico. The company did not release shareholder updates last week. However, shares climbed 23 percent to end the session at C$0.43.

5. Kiplin Metals

Kiplin Metals is a diversified explorer working to identify and develop highly prospective mineral exploration opportunities. The company is determined to advance its projects from discovery all the way to production.

Last Wednesday, the company applied for the requisite exploration permits for its summer geophysical program at the Cluff Lake Road uranium project in Northwestern Saskatchewan.

“Approval for the proposed IP (induced polarization) program is expected in the near term,” the update states. “Data from the survey will be integrated with legacy datasets to develop targets for diamond drilling.”

By week’s end, company shares were up 22.14 percent, trading at C$0.61.