Last week saw a number of companies on the Toronto Venture Exchange gain in share prices. Many of them concentrate on the exploration and development of mining properties rather than production and sales. These companies experienced remarkable success on the TSX Venture last week. Below are the five with the greatest increases.
Red Eagle Mining (TSXV:RD)
Red Eagle Mining rose 56.86 percent last week on a trading volume of 243,057 shares. The company is engaged in the exploration and development of mineral properties in Colombia. It has two projects, Santa Rosa and Pavo Real. Red Eagle Mining owns 100 percent of the Rosa Project, and has an option agreement through its 70-percent-owned subsidiary Rovira Mining Limited on the Pavo Real property. The Santa Rosa project, where mining predates the 16th century, is a gold mine; gold is also being explored for at Pavo Real. In early October, new mineralized areas were discovered there.
Calibre Mining (TSXV:CXB)
Calibre Mining rose 45.45 percent last week on a trading volume of 646,450 shares. The precious and base metals exploration company is focused on the Borosi Concessions, a mining area in northeast Nicaragua. The area has gold, silver and copper mineralization. The Borosi Concessions consist of inferred resources totaling 1,057,750 ounces of gold and 8,430,070 ounces of silver.
Bacanora Minerals (TSXV:BCN)
Bacanora Minerals rose 38.57 percent last week on a trading volume of 1,157,440 shares. The company is exploring for mineral deposits in Mexico. Its properties include Tubutama Borate, Magdalena Borate and Sonora Lithium. Tubutama Borate consists of six concessions near the town of Tubutama. Magdalena Borate comprises seven concessions near the cities of Magdalena and Santa Anna. Mineramex Limited, the company’s subsidiary, has 99.9 percent interest in Minera Sonora Borax, S.A. de C.V. and 60 percent interest in Minerales Industriales Tubutama, Sa. de C.V.
Macusani Yellowcake (TSXV:YEL)
Macusani Yellowcake rose 33.33 percent last week. Based in Canada, the company concentrates on the exploration and development of uranium properties. It is currently focused on the Macusani Plateau in southeastern Peru, and owns a 99.5 percent interest in concessions there — specifically the Altiplano of the Eastern Cordillera, a flat portion of the Andes. A preliminary economic assessment (PEA) on the property is expected soon. There are 11.8 million pounds of measured and indicated uranium, and 27.6 million pounds inferred.
Tasman Metals (TSXV:TSM)
Tasman Metals rose 30.56 percent last week on a trading volume of 711,148 shares. The junior resource company concentrates on the acquisition and exploration of rare earth properties. It is currently in the process of exploring and evaluating the Norra Karr and Olserum properties in Sweden, Korsnas, Otanmaki, Siilinjarvi and Laivajoki in Finland, and projects in Norway. It also owns interests in four iron ore exploration claims in the Kiruna district of Sweden. Earlier this month Tasman acquired a portfolio of tungsten properties in south-central Sweden, including the former Yxsjoberg mine, which once produced more than 90 percent of Sweden’s tungsten.