Last week saw a number of junior resource companies on the Toronto Venture Stock Exchange gain in share prices. Below are the five with the greatest increases.
Great Quest Metals (TSXV:GQ)
Great Quest Metals rose 55.56 percent last week to a price of $1.45. The company is involved in the exploration and development of mineral properties in Mali, West Africa and Canada. Its Tilemsi Phosphate project, the company’s primary focus, is located in the Tilemsi valley of eastern Mali and consists of three concessions, Tilemsi, Tarkint Est and Aderfoul. The preliminary reports completed on this project show it is contains samples from 5.11 percent to 33.05 percent phosphate, with an average of 24.5 percent phosphate per rock sampled, according to the company’s website. The company was recently mentioned in a recent interview with Amanda Van Dyke of Palisade Capital. According to Van Dyke, the Tilemsi deposit could be significant considering that it is situated in Africa, a region in desperate need of fertilizer with little domestic supply.
Azimut Exploration (TSXV:AZM)
Azimut Exploration gained 23.4 percent last week, climbing to $0.29 on the Venture exchange. Azimut has a diversified metals portfolio which includes exploration assets for uranium, gold, copper and rare earth elements projects. Azimut holds 34 exploration projects in Quebec and according to the company’s website, holds the largest mineral exploration portfolio in the province. The company’s Nunavik property appears to be a new mineral belt of major importance, with the potential to host large-scale iron oxide copper deposits, intrusion-related polymetallic deposits and sediment-hosted gold deposits. Meanwhile, the Elenonore Gold camp in the James Bay region consists of five gold properties, four of which are in close proximity to Goldcorp’s Eleonore gold property.
Tinka Resources (TSXV:TK)
Tinka Resources rose 22.58 percent to a price of $0.38 last week. Tinka Resources is a junior mineral exploration company with precious metals exploration properties in Peru. Its properties include the Colquipucro Project, close to famous sites like the Cerro de Pasco and Colquijirca lead-zinc-copper mines. The company has several claims in the area, including Colquipucro, Colquisur and Ayawilca, as well as Colquicocha, which is southeast of the other zones of prospective mineralization. All of the tenements are in the silver-lead-zinc belt of Central Peru, which has proven highly productive for other miners in the past.
Regulus Resources Inc. (TSXV:REG)
Regulus Resources rose 15.38 percent last week, closing at a price of $0.15 on Friday. The mineral exploration company has a 50 percent interest in the Rio Grande copper-gold project in Argentina in accordance with its joint venture agreement with Pachamama Resources Ltd. Regulus Resources operates the project. The project is located in the Salta province, historically friendly to mining, and has copper, gold and silver mineralization. Its other projects include El Camino, an iron-oxide-copper-gold project also in the province of Salta, the La Frontera silver-gold prospect in Argentina’s Catamarca Province, the Aguas Calientes gold-silver prospect in the Province of Jujuy in Argentina, the Catua property in Jujuy and the Fireweed project in British Columbia, the company’s only property outside of Argentina.
Xtierra rose 15.38 percent last week, closing Friday at a price of $0.15. The company explores for and develops base and precious metal deposits on properties in the Central Silver Belt of Mexico in the states of Zacatecas and San Luis Potosi. Among its projects are the Bilbao Project, the La Laguna Pedernalillo Tailings Project, El Dorado Gold Exploration Project and the Bilbao Property Silver-Zinc-Lead-Copper Project.