Golden Triangle Gold Stocks on the Rise

Patrick Smith | Analyst | Ubika Research | | 1 (647) 444-5506
Alexander Cardno | Associate | Ubika Research | | 1 (519) 781-2426
Sumair Abid | Associate | Ubika Research | | 1 (647) 447-5856

British Columbia’s prolific Golden Triangle district has produced some big winners in the junior resource stock space

Golden Triangle 20 (June 1, 2018— September 21, 2018)

GT-20: -3.7% (-23.6% Y/Y)

Gold Price: -7.2% (-7.5% Y/Y)

TSX Gold Index: -17.4% (-20.0% Y/Y)

Top Volume Gainers (m/m)

In this special report we examined 20 gold exploration/development companies from British Columbia’s prolific Golden Triangle district and highlighted our favourites. While most explorers/developers have largely disappointed this year, there has been a select group of Golden Triangle juniors that have been shining. Each company is one drill hole away from a significant shift in value. To illustrate, our selected 20 Golden Triangle companies have significantly outperformed the Vectors Junior Gold Miners Index (GDXJ) and the TSXV, which declined 16% and 6% over the same period, respectively. Our selected performers in the group were:

  1. Golden Ridge Resources Ltd. (TSXV:GLDN), which increased 47% since June 1, 2018, after releasing drilling results from the Williams Zone property located on the Company’s Hank Project.
  2. GT Gold Corp. (TSXV:GTT), which saw its shares slid 22% since June 1, 2018, despite recently-announced assay results strongly suggesting a significant Au-Cu-Ag porphyry discovery at the Saddle North target on its Tatogga property.
  3. Aben Resources Ltd. (TSXV:ABN), which saw its stock climb 25% since June 1, 2018, after discovering high-grade zones of gold at its Forrest Kerr Property.
  4. Goliath Resources Ltd. (TSXV:GOT), which saw its share price jump 7% since June 1, 2018, after the discovery of what the Company called several new significant zones of widespread mineralization at surface at its Lucky Strike property.

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