The junior resource stocks we’ve dug up have seen their stock prices surged so far in 2020
SmallCapPower | April 28, 2020: Increasing investor interest in gold and other hard assets, as a result of record global monetary stimulus, has begun to slowly trickle down to certain resource juniors and other speculative exploration stocks. Today we have discovered three junior resource stocks that have experience a quiet surge their stock prices recently.
*Returns are based on closing stock prices as of April 27, 2020
Power Metals Corp. (TSXV:PWM) – $0.405
Power Metals is a company exploring for, and developing, cesium, lithium and tantalum assets in Canada. On April 24, 2020, the Company provided an update on its Strategic Review Committee, saying that it has been engaged in ongoing discussions with several outside parties during the past two months and reiterating PWM’s shift in focus to its cesium assets while the lithium market has been in a downturn. Power Metals asserts that there’s a global shortage of cesium, which has applications in various industries including biomedical (cancer treatment), as a specialty drilling fluid for deep, high pressure, high-temperature oil wells, and in infrared optics as well as solar cell technology. Power Metals says its 100% owned Case Lake Property in Ontario has found grades as high as 14.7 % Cs2O.
- Year-to-Date Return: 575%
G2 Goldfields Inc. (TSXV:GTWO) – $0.82
G2 Goldfields owns the Aremu/Oko Gold Project and the Peters Mine Project, both in Guyana, in addition to the Sandy Lake Gold Project in northern Ontario. The Company has 100% interest in two past-producing gold mines in Guyana. On April 23, 2020, G2 Goldfields announced further intercepts from the Oko-Aremu project, which included 49 grams per tonne (g/t) gold over 2.7 metres and 11.5 g/t gold over 3.2 metres.
- Year-to-Date Return: 228%
Evergold Corp. (TSXV:EVER) – $0.47
Evergold has four 100% owned properties in British Columbia, including two in the Golden Triangle region: Snoball and Golden Lion. In Snoball, the Company believes it has found the source of a large, gold-silver anomaly up-slope of previous work. On April 21, 2020, Evergold announced that it is preparing to drill both its flagship properties, Golden Lion and Snoball, beginning in July. Company CEO Kevin Keough is the former boss at GT Gold Corp. (TSXV:GTT).
- Year-to-Date Return: 81%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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