Finding an economically feasible project is tough enough but exploration companies have also been weighed down by commodity price weakness in recent years. Most new discoveries, though, are made by junior explorers, which raise a lot of risky capital in order to finance their operations. Many of these companies will never amount to much, yet those on our list today could be a better bet given their past drill results.
Pretium Resources Inc. (TSX: PVG) – $7.60
Gold
Pretium Resources Inc. is a Canada-based Company engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company’s projects include the Brucejack Project and the Snowfield Project. The Brucejack Project is located approximately 950 kilometers northwest of Vancouver, British Columbia and 65 kilometers northwest of Stewart, British Columbia and consists of nine mineral claims totaling 3,199.28 hectares in area. It holds 100% interest in Brucejack Project.
- Market Cap: $972,623,610
- Capital Expenditure: $68,724,530
- Cash and Short Term Investments: $34,495,180
- Price Change (1 month): +6.8%
Nevada Zinc Corp. (TSXV: NZN) – $0.28
Zinc
Nevada Zinc Corporation is a junior mineral exploration company focused on defining a zinc resource at its 100% owned Lone Mountain project located near Eureka, Nevada. Its Lone Mountain claims completely surround a past-producing zinc property. The Company also holds interests in mineral claims in Yukon.
- Market Cap: $15,172,903
- Capital Expenditure: $0
- Cash and Short Term Investments: $548,580
- Price Change (1 month): +24.4%
Premier Gold Mines Ltd. (TSX: PG) – $2.34
Gold
Premier Gold Mines Limited (Premier) is a Canada-based exploration and development company with gold projects located in North America. The Company’s projects include the Trans-Canada Property, Rahill-Bonanza Joint Venture and McCoy-Cove Property. The Trans-Canada Property is located over 50 kilometers of the Geraldton-Beardmore district’s geological structures including the Hardrock deposit. The Rahill-Bonanza Joint Venture is the last piece of the Red Lake Mine Trend. The McCoy-Cove Property is located within the Eureka-Battle Mountain Trend that is host to a number of producing and past-producing mines.
- Market Cap: $367,020,214
- Capital Expenditure: $43,021,210
- Cash and Short Term Investments: $32,141,010
- Price Change (1 month): -3.7%
Corvus Gold Inc. (TSX: KOR) – $0.76
Oil & Gas Exploration and Production
Corvus Gold Inc. is a Canada-based junior exploration and development gold company that is focused on the advancement of its 100% owned North Bullfrog project – a new Nevada gold discovery. The North Bullfrog Project consists of leased, patented and unpatented mining claims covering an area of approximately 68 square kilometers. The project represents a large, low-sulphidation, epithermal bulk-tonnage gold system hosted in volcanic and sedimentary rocks. The project is 100% controlled by the Company.
- Market Cap: $58,971,256
- Capital Expenditure: $8,887,660
- Cash and Short Term Investments: $3,375,420
- Price Change (1 month): -9.8%
Vena Resources Inc. (TSX: VEM) – $0.05
Diversified Mining
Vena Resources Inc. is a Canada-based mining company that is focused on exploring and developing its mineral properties in Peru. The Company has four projects covering approximately 7,000 hectares. The Company’s San Antonio de Esquilache is a 1,000 hectare property located in southwestern Puno. The Las Princesas concessions consist of 1,050 hectares located in La Libertad Department, Santiago de Chuco Province in northern Peru. The Pucara property is located in Puno Department approximately 70 kilometers north of Juliaca and covers an area of 1,662 hectares. The Azulcocha West property is located immediately west of the Azulcocha mine concessions and covers an area of approximately 2,583 hectares. The Gianderi property is located in the Huamachuco district of north-central Peru, approximately 7 kilometers north of the Santa Rosa open pit gold mine.
- Market Cap: $4,322,371
- Capital Expenditure: $5,990
- Cash and Short Term Investments: $608,050
- Price Change (1 month): -9.1%
Disclosure: Vena Resources is a client company of SmallCapPower/Ubika Research and has paid a fee for coverage.
