5 Gold Juniors to Watch
Wednesday May 29, 2013
By Andrew Topf - Exclusive to Gold Investing News Picking a gold junior that will find exploration success and grow your investment dollar is no easy task, especially in today’s markets, where the shine has come off of precious metals.
At the recent Cambridge House mining investment conference and trade show, which ran from May 26 to 27 in Vancouver, exploration pundits gathered for an informative seminar chaired by investment guru Rick Rule. While Rule conceded that there have not been many good exploration stories to talk about in the last year or so, he pointed to a few high-performing companies that have done well, such as GoldQuest (TSXV:GQC), which went from 6 cents to $1.60, Colorado Resources (TSXV:CXO), whose stock price rose seven-fold after a discovery hole yielded strong results, Reservoir Minerals (TSXV:RMC) (26 cents to $3.60), Africa Oil (TSXV:AOI) (80 cents to $10), Alpha Minerals (TSXV:AMW) and Fission Uranium (TSXV:FCU).
“There is nothing that can yield you speculative gains like anticipating exploration success,” Rule said before introducing the panelists, Brent Cook, John Kaiser, Lawrence Roulston and Jordan Roy-Byrne.
Below are five gold companies that were recommended by panelists. They appear in no particular order.
... Riverside Resources (TSXV
) Riverside Resources is a prospect generator with a number of gold, silver and copper projects. In April 2013 Riverside signed a $2.25 million exploration alliance with Hochschild Mining (LSE:HOC
) for explore the Mega-shear gold belt in Western Sonora, Mexico. That adds to exploration partnerships with Cliffs Natural Resources (NYSE:CLF
) to identify and acquire iron oxide copper gold projects on Mexico’s west coast, and Antofagasta Minerals (LSE:ANTO)
to explore for copper in British Columbia. Riverside has 9 gold or gold-silver properties at various stages of exploration, with all except one in Mexico. It also has two option agreements, with Guerrero Exploration (TSXV:GEX) and Sierra Madre Developments (TSXV:SMG)
, on its Cerro Azul and Penoles targets.