Gold Digger: These 4 gold explorers shrugged off a bad week for ASX stocks

A tumultuous week for markets means there aren’t many big winners this week.

The benchmark ASX 200 index fell a significant ~3.3 per cent.

Gold stocks – especially the miners — were generally weaker following a drop in the price of the precious metal.

Of the 208 goldies on our list 38 went up, 155 went down, and 15 didn’t move.

Here are four standout stocks that bucked the trend.

Winners & Losers

Here’s how 208 ASX-listed gold stocks performed October 26 – October 30 [intraday].

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:

CODE	COMPANY	1 WEEK CHANGE %	1 YEAR CHANGE %	PRICE [intraday Friday]	MARKET CAP
E2M	E2 Metals	236	270	0.74	$ 94,464,133.92
CXU	Cauldron Energy	56	259	0.061	$ 22,024,230.76
ARN	Aldoro Resources	36	-25	0.135	$ 11,616,640.53
SFM	Santa Fe Minerals	28	29	0.11	$ 8,010,066.79
PGI	Panterra Gold	28	31	0.046	$ 8,976,515.85
ADN	Andromeda Metals	22	293	0.165	$ 295,426,334.08
FFR	Firefly Resources	21	207	0.2	$ 67,452,644.70
REZ	Resources & Energy Group	19	139	0.105	$ 38,380,396.23
PAK	Pacific American Holdings	19	-20	0.025	$ 7,864,622.50
HWK	Hawkstone Mining	17	17	0.014	$ 17,078,693.45
OAU	Ora Gold	13	4	0.026	$ 20,180,285.33
TNR	Torian Resources	10	138	0.032	$ 22,673,081.04
A1G	African Gold	10	-16	0.16	$ 5,022,647.04
AME	Alto Metals	10	259	0.115	$ 41,067,097.72
WWI	West Wits Mining	9	1300	0.07	$ 93,291,261.49
AVW	Avira Resources	9	300	0.012	$ 15,125,000.00
DCX	Discovex Resources	8	-19	0.0065	$ 7,775,066.49
CDT	Castle Minerals	8	18	0.013	$ 6,325,008.18
DAU	Dampier Gold	8	272	0.067	$ 19,947,237.80
MEI	Meteoric Resources	8	3	0.069	$ 85,574,789.87
RVR	Red River Resources	8	30	0.215	$ 116,499,232.58
GMN	Gold Mountain	8	-39	0.043	$ 29,655,484.23
RDS	Redstone Resources	7	88	0.015	$ 8,362,080.26
NML	Navarre Minerals	7	118	0.24	$ 130,186,116.24
EMU	EMU NL	5	36	0.06	$ 18,342,798.98
CEL	Challenger Exploration	5	258	0.215	$ 123,313,041.00
THR	Thor Mining	5	229	0.023	$ 9,097,231.06
HRN	Horizon Gold	4	79	0.47	$ 40,923,932.59
GUL	Gullewa	4	344	0.12	$ 16,584,025.50
SIH	Sihayo Gold	4	44	0.025	$ 84,597,894.23
BAT	Battery Minerals	4	238	0.027	$ 47,451,295.77
RMX	Red Mount Mining	3	121	0.0155	$ 18,037,159.82
TAM	Tanami Gold	3	75	0.077	$ 89,307,375.50
EMR	Emerald Resources	3	49	0.61	$ 309,238,324.20
ADV	Ardiden	3	925	0.041	$ 86,312,662.24
BC8	Black Cat Syndicate	2	75	0.76	$ 79,407,120.24
BYH	Bryah Resources	2	7	0.061	$ 7,780,556.56
RND	Rand Mining	0	-22	2.34	$ 140,747,431.50
VRC	Volt Resources	0	-8	0.011	$ 23,291,109.11
TRM	Truscott Mining Corp	0	150	0.02	$ 2,458,830.88
TMX	Terrain Minerals	0	271	0.013	$ 8,677,932.11
SMIDA	Santana Minerals	0	0	0.21	$ 6,105,673.56
NPM	Newpeak Metals	0	0	0.003	$ 13,095,487.53
MLS	Metals Australia	0	0	0.002	$ 5,472,529.16
MKG	Mako Gold	0	28	0.11	$ 28,209,362.06
LCY	Legacy Iron Ore	0	173	0.008	$ 56,225,146.65
LNY	Laneway Resources	0	17	0.007	$ 26,425,461.53
KGM	Kalnorth Gold	0	117	0.013	$ 11,625,120.78
KAU	Kaiser Reef	0	0	0.41	$ 10,106,500.41
DTR	Dateline Resources	0	0	0.0025	$ 20,525,195.19
AAJ	Aruma Resources	0	50	0.0075	$ 11,125,897.33
TBR	Tribune Resources	-1	-17	7.05	$ 370,424,623.62
STN	Saturn Metals	-1	71	0.72	$ 75,925,157.00
CYL	Catalyst Metals	-1	0	2.5	$ 189,519,305.40
MRZ	Mont Royal Resources	-1	40	0.35	$ 11,558,550.50
KZR	Kalamazoo Resources	-2	146	0.64	$ 81,838,396.25
G88	Golden Mile Resources	-2	-6	0.062	$ 7,504,118.01
CDV	Cardinal Resources	-2	168	1.02	$ 543,249,315.09
MAU	Magnetic Resources	-2	145	1.18	$ 246,321,369.78
CHZ	Chesser Resources	-2	183	0.235	$ 98,189,398.56
PRX	Prodigy Gold	-2	-49	0.045	$ 25,547,614.66
KWR	Kingwest Resources	-2	-19	0.205	$ 29,970,302.31
MZZ	Matador Mining	-2	108	0.405	$ 70,573,347.49
DTM	Dart Mining NL	-3	68	0.195	$ 17,109,283.43
NSM	Northstaw	-3	0	0.47	$ 18,800,000.00
MTC	Metalstech	-3	812	0.155	$ 23,450,822.08
GSN	Great Southern	-3	44	0.089	$ 36,829,837.80
NUS	Nusantara Resources	-3	-3	0.29	$ 61,647,995.84
CMM	Capricorn Metals	-3	53	1.72	$ 593,356,542.08
RXL	Rox Resources	-3	180	0.056	$ 114,566,393.93
CST	Castile Resources	-3	0	0.415	$ 83,878,250.82
M2R	Miramar	-4	0	0.4	$ 15,835,320.00
SLZ	Sultan Resources	-4	306	0.26	$ 16,121,957.50
WAF	West African Resources	-4	112	0.965	$ 876,104,791.00
TLM	Talisman Mining	-4	10	0.115	$ 21,462,264.28
LEX	Lefroy Exploration	-4	18	0.23	$ 24,116,818.80
CAZ	Cazaly Resources	-4	73	0.045	$ 15,133,560.48
MOH	Moho Resources	-4	55	0.11	$ 7,648,476.77
SAU	Southern Gold	-5	-52	0.105	$ 20,869,774.38
AL8	Alderan Resource	-5	163	0.105	$ 27,490,432.31
WMX	Wiluna Mining	-5	45	1.74	$ 176,828,898.40
PNR	Pantoro	-5	33	0.2	$ 281,679,645.60
BRV	Big River Gold	-5	250	0.056	$ 74,978,282.57
CHN	Chalice Gold Mines	-5	1368	2.79	$ 842,626,703.10
BDC	Bardoc Gold	-5	-22	0.074	$ 126,356,238.45
GSM	Golden State Mining	-5	227	0.275	$ 13,064,740.00
BCN	Beacon Minerals	-5	-10	0.036	$ 103,204,466.75
MML	Medusa Mining	-5	5	0.795	$ 169,352,355.32
RMS	Ramelius Resources	-5	50	1.93	$ 1,585,290,553.56
CY5	Cygnus Gold	-6	336	0.17	$ 17,845,933.77
EVN	Evolution Mining	-6	35	5.48	$ 9,482,803,482.00
ALK	Alkane Resources	-6	72	1.23	$ 750,189,888.00
MDI	Middle Island Resources	-6	167	0.016	$ 41,487,464.66
KRM	Kingsrose Mining	-6	-6	0.032	$ 24,090,242.62
HXG	Hexagon Energy	-6	-27	0.048	$ 14,036,803.06
CWX	Carawine Resources	-6	33	0.32	$ 31,287,383.08
BAR	Barra Resources	-6	52	0.032	$ 21,587,459.23
MEU	Marmota	-6	81	0.047	$ 45,521,083.43
GOR	Gold Road Resources	-6	18	1.32	$ 1,192,298,033.54
ARL	Ardea Resources	-6	8	0.46	$ 60,643,526.45
PDI	Predictive Discovery	-7	478	0.057	$ 49,433,175.30
NVA	Nova Minerals	-7	367	0.18	$ 278,355,102.30
DGO	DGO Gold	-7	243	3.4	$ 242,361,748.08
MGV	Musgrave Minerals	-7	520	0.49	$ 235,022,181.08
SSR	SSR Mining	-7	0	25.65	$ 407,839,976.96
AOP	Apollo Consolidated	-7	40	0.335	$ 91,492,500.60
PUR	Pursuit Minerals	-7	40	0.013	$ 7,162,219.73
MAT	Matsa Resources	-7	-13	0.13	$ 35,249,072.17
PRU	Perseus Mining	-7	46	1.22	$ 1,519,903,778.96
OKU	Oklo Resources	-7	113	0.255	$ 128,408,602.23
ENR	Encounter Resources	-7	3	0.19	$ 56,251,165.00
S2R	S2 Resources	-7	85	0.25	$ 83,446,162.44
SLR	Silver Lake Resources	-7	98	2.11	$ 1,903,411,485.36
OKR	Okapi Resources	-8	-3	0.185	$ 6,848,144.54
FML	Focus Minerals	-8	33	0.365	$ 69,444,454.70
VAN	Vango Mining	-8	-49	0.092	$ 90,416,940.61
RED	Red 5	-8	2	0.28	$ 571,468,490.29
NCM	Newcrest Mining	-8	-9	28.95	$ 24,023,093,230.28
SI6	Six Sigma Metals	-8	214	0.011	$ 11,091,296.07
NWM	Norwest Minerals	-8	-31	0.11	$ 8,791,316.49
LCL	Los Cerros	-8	120	0.165	$ 74,782,723.52
HRZ	Horizon	-8	-12	0.11	$ 62,477,272.00
CGN	Crater Gold	-8	-27	0.011	$ 13,502,454.54
CLA	Celsius Resources	-9	129	0.032	$ 24,186,760.51
SAR	Saracen Mineral Holdings	-9	53	5.56	$ 6,202,766,740.80
AXE	Archer Materials	-9	254	0.46	$ 100,052,262.97
OBM	Ora Banda Mining	-9	71	0.305	$ 259,906,935.08
AAR	Anglo Australian	-9	69	0.15	$ 85,595,757.60
NST	Northern Star	-9	54	14.72	$ 11,107,022,973.27
BBX	BBX Minerals	-9	95	0.39	$ 165,657,060.27
SBM	St Barbara	-9	-2	2.63	$ 1,848,035,814.22
ERM	Emmerson Resources	-9	-27	0.077	$ 39,594,017.67
RSG	Resolute Mining	-9	-35	0.79	$ 888,633,628.33
MKR	Manuka Resources	-10	0	0.475	$ 34,781,943.36
DCN	Dacian Gold	-10	-61	0.35	$ 197,560,536.67
VKA	Viking Mines	-10	80	0.018	$ 5,646,921.41
NAG	Nagambie Resources	-10	6	0.054	$ 28,996,076.07
HAW	Hawthorn Resources	-10	155	0.135	$ 46,692,185.82
GML	Gateway Mining	-10	6	0.018	$ 34,238,088.65
ARV	Artemis Resources	-10	350	0.135	$ 170,064,647.55
AGS	Alliance Resources	-10	92	0.225	$ 40,117,518.00
HMX	Hammer Metals	-10	91	0.044	$ 31,261,404.89
KCN	Kingsgate Consolididated	-10	81	0.78	$ 179,849,622.30
WGX	Westgold Resources	-10	18	2.55	$ 1,079,168,691.20
GNM	Great Northern Minerals	-11	70	0.017	$ 14,442,503.14
BGL	Bellevue Gold	-11	117	1.15	$ 974,281,068.68
GBZ	GBM Rsources	-11	345	0.165	$ 64,113,563.04
TTM	Titan Minerals	-11	-29	0.12	$ 126,830,309.21
SBR	Sabre Resources	-11	100	0.008	$ 8,754,523.81
MHC	Manhattan Corp	-11	500	0.024	$ 33,156,967.33
KTA	Krakatoa Resources	-11	86	0.078	$ 22,351,950.00
TSO	Tesoro Resources	-12	749	0.345	$ 140,974,804.19
SNG	Siren Gold	-12	0	0.42	$ 24,069,896.65
SVL	Silver Mines	-12	98	0.19	$ 200,163,372.63
NES	Nelson Resources	-12	-9	0.068	$ 7,921,347.80
BNR	Bulletin Resources	-12	209	0.068	$ 11,654,049.81
DEG	De Grey Mining	-12	1788	1.1	$ 1,446,444,069.24
GWR	GWR Group	-12	52	0.15	$ 40,954,432.80
BRB	Breaker Resources	-12	-46	0.185	$ 60,280,571.87
AZS	Azure Minerals	-12	164	0.37	$ 82,345,489.78
AMI	Aurelia Metals	-12	3	0.475	$ 419,512,222.56
GRL	Godolphin Resources	-12	0	0.29	$ 19,472,677.16
KSN	Kingston Resources	-12	39	0.25	$ 59,943,108.68
MVL	Marvel Gold	-12	-43	0.064	$ 26,473,219.71
TSC	Twenty Seven Co.	-13	56	0.007	$ 12,655,307.64
GED	Golden Deeps	-13	-44	0.014	$ 8,076,610.49
AUC	Ausgold Limited	-13	158	0.049	$ 66,317,826.59
AQX	Alice Queen	-13	-25	0.027	$ 30,558,179.93
AMG	Ausmex Mining	-13	-64	0.04	$ 22,450,300.71
ALY	Alchemy Resources	-13	71	0.02	$ 12,772,625.61
VMC	Venus Metals	-13	24	0.23	$ 36,258,883.92
TRY	Troy Resources	-13	18	0.13	$ 75,847,652.16
AGG	AngloGold Ashanti	-13	5	6.42	$ 586,987,093.70
MAR	Malachite Resources	-14	-37	0.063	$ 8,061,267.94
CBY	Canterbury Resources	-14	-56	0.12	$ 10,863,957.75
AQI	Alicanto Minerals	-14	154	0.15	$ 43,518,360.17
RRL	Regis Resources	-14	-14	4.16	$ 2,138,011,145.60
TAR	Taruga Minerals	-15	142	0.053	$ 24,231,679.82
AUT	Auteco Minerals	-15	1178	0.115	$ 188,061,472.32
RML	Resolution Minerals	-15	-43	0.039	$ 11,178,831.64
SKY	SKY Metals	-16	168	0.19	$ 50,563,214.74
CAI	Calidus Resources	-16	136	0.59	$ 160,163,037.13
NXM	Nexus Minerals	-16	150	0.13	$ 25,135,717.23
XTC	Xantippe Resources	-17	25	0.0025	$ 12,223,693.21
ONX	Orminex	-17	-75	0.02	$ 10,782,043.36
FAU	First Au	-18	53	0.023	$ 12,375,946.63
PKO	Peako	-18	32	0.032	$ 6,250,434.86
PUA	Peak Minerals	-18	79	0.027	$ 14,238,813.68
MCT	Metalicity	-18	315	0.018	$ 31,160,309.17
GBR	Great Boulder Resources	-18	9	0.063	$ 11,659,705.74
DDD	3D Resources	-19	225	0.0065	$ 21,692,232.55
MTH	Mithril Resources	-19	317	0.025	$ 58,438,104.09
AWV	Anova Metals	-19	158	0.025	$ 37,260,449.20
RGL	Riversgold	-20	336	0.048	$ 20,762,624.97
DRE	Dreadnought Resources	-20	200	0.024	$ 53,171,186.03
TIE	Tietto Minerals	-21	17	0.44	$ 196,320,048.36
MSR	Manas Resources	-21	83	0.0055	$ 15,858,974.93
ZNC	Zenith Minerals	-22	80	0.125	$ 35,323,203.60
CTO	Citigold Corp	-22	180	0.014	$ 36,759,424.93
NAE	New Age Exploration	-24	271	0.013	$ 14,440,145.33
GMR	Golden Rim Resources	-25	-14	0.012	$ 19,704,760.58
ANL	Amani Gold	-25	-50	0.0015	$ 15,676,393.49
MLL	Mali Lithium	-26	84	0.15	$ 111,667,793.28
STK	Strickland Metals	-32	345	0.089	$ 38,138,238.41
KAI	Kairos Minerals	-32	328	0.044	$ 70,365,732.19

E2 METALS (ASX:E2M) +236%

E2 made a “genuine new greenfields discovery” at the Conserrat project in Argentina, intersecting an incredible 18m at 47g/t gold and 208g/t silver.

‘Greenfields’ refers to areas which are un/underexplored.

The hit at the Mia prospect “compare with the best gold and silver epithermal vein systems globally with respect to grades and thickness”, E2 managing director Todd Williams says.

“This is a watershed moment for E2 Metals that confirms the outstanding potential of the Conserrat project, with many Mia-style vein targets still to test,” he says.

CAULDRON ENERGY (ASX:CXU) +56%

The minnow raised $1.6m to explore its Blackwood gold project in Victoria, where 220,000oz has been mined historically at an ore grade of between 16-23g/t gold.

These days, 5g/t is generally considered ‘high grade’.

The project, home to 15 historical production shafts and +250 underground workings, has seen very little in the way of modern exploration in the past 40 years, says the company.

Work will kick off “once all approvals from the Victorian mines department is finalised and discussions with the community is completed”.

RESOURCES & ENERGY GROUP (ASX:REZ) +19%

The popular gold explorer raised $3.3 million in a heavily oversubscribed placement.

The company had initially set out to raise $2m but was inundated with demand and closed the book within 90 minutes.

This appetite from investors is not surprising. REZ’s share price surged more than 200% last week after the company released a new set of exploration results from the ‘Gigante Grande’ prospect at its East Menzies project.

New hits like 20m at 5g/t gold show that Gigante Grande could host “a very large mineralised system”, the explorer says.

ORA GOLD (ASX:OAU) + 13%

This busy explorer kicked off a new drilling campaign on Monday, hunting for high grade gold at the Abbotts project in WA.

The 30-hole program should be done and dusted by the end of November.

On Friday, it inked a JV deal with copper miner Sandfire Resources (ASX:SFR), which will acquire 85 per cent in Ora’s Red Bore copper project.

Red Bore is next door to Sandfire’s company-making DeGrussa copper-gold mine in WA.

It’s a solid deal for Ora, which has the option to sell its 15 per cent interest if/when Sandfire reaches ‘a decision to mine’.

if it doesn’t want to sell, Sandfire must continue to cover Ora’s share of development costs by way of interest free loans. These are repayable from any profit Ora makes from Red Bore production.