5 Top Weekly TSXV Performers: Rackla Shares Climb After New Stakes Claimed

Rackla Metals is part of Gold Group, a group of gold companies led by prospector and financier Simon Ridgway. The company is focused on gold exploration in Canada's Yukon, but is also hunting for assets across the globe.

Last Thursday (August 25), Rackla offered an update regarding three groups of claims targeting intrusive-related gold mineralization in the Northwest Territories, Canada.

According to a company statement, “The staking includes 14 claims covering approximately 11,500 hectares and targets the extension of the Tombstone terrain from the Yukon Territory into the Northwest Territories.”

Rackla will now focus on the Tombstone intrusion. Shares rose 58.48 percent last week, closing at C$0.24.

Precious metals exploration firm Orosur Mining is looking to identify and advance projects in South America. The company currently operates in Colombia, Argentina and Brazil.

Orosur did not release any updates last week, but its shares climbed 42.9 percent to end the period at C$0.20.

Diamond Fields Resources is a diversified explorer searching for gold and other commodities in Africa. In Burkina Faso, it is advancing the Labola gold project, and the firm has interests in gold projects in Mali and Nigeria as well.

In early July, Diamond Fields received final TSXV approval to complete its previously announced deal to acquire Moydow Holdings. The acquisition will help Diamond Fields bolster its presence in West Africa.

Last week, shares of the company added 36.12 percent to trade for C$0.17.

Finlay Minerals is concentrated on base and precious metals discoveries in Northern BC.

On August 15, the diversified explorer announced the receipt of a five year area-based BC Mines Act permit. The approval will allow the firm to start a 2022 exploration drilling program at its Silver Hope property. Field preparations are slated for late August, and drilling is anticipated to follow in September.

By Friday, shares of Finlay were up 33.38 percent to C$0.14.

Uranium project generator and exploration company Fission 3.0 is advancing its 16 assets in Saskatchewan's Athabasca Basin, which it believes is the world’s premier uranium mining district.

Earlier this month, the company discovered the first significant anomalous radioactive mineralization at its Murphy Lake project. “The drill hole (ML22-006) is still in progress at 509 meters as up to 2 meters wide graphite and sulphide rich brittle faults continue to be encountered,” the company's update reads. “It is the first drill hole of the expanded Murphy Lake summer drill program that commenced on August 2, 2022.”

Last week, shares of Fission grew 29.47 percent to end the five day period at C$0.11.