Patrick Smith | Analyst | Ubika Research | Patrick@UbikaResearch.com | 1 (647) 444-5506
Alexander Cardno | Associate | Ubika Research | Alexander@UbikaResearch.com | 1 (519) 781-2426
Sumair Abid | Associate | Ubika Research | Sumair@UbikaResearch.com | 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:
- 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.
- 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.
- 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.
- 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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