This week, explorers were rewarded for savvy project acquisitions. Discoveries were made. And Russia unveiled the world’s biggest gold deposit by reserves.

First, Russia.

The undeveloped Sukhoi Log deposit in Siberia, pictured below, is a monster.

There’s +100 million ounces of gold under there somewhere.

Project owner Polyus estimates the deposit has 67Moz in ‘resources’, on top of 40Moz ounces of economically mineable ‘reserves’.

Typically, reserves are commercially recoverable using existing tech, while resources haven’t been drilled enough to be considered commercially viable yet.

Development costs could reach $US2.5 billion for a ~1.6 million ounces per year operation. Construction is due to kick off in 2023.

On the domestic front, there’s plenty of explorers looking for a Sukhoi Log of their own, although ~100Moz is a bit ambitious. (Probably.)

This week 96 ASX gold stocks went up, 90 went down, and 24 didn’t move.

Winners & Losers

Here’s how 210 ASX-listed gold stocks performed October 19 – October 23 [intraday].

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

CODE COMPANY 1 WEEK RETURN % 1 YEAR RETURN % PRICE [FRIDAY INTRADAY] MARKET CAP
REZ Resources & Energy Group 193 100 0.088 $ 34,115,907.76
NVA Nova Minerals 95 394 0.195 $ 293,819,274.65
LCY Legacy Iron Ore 80 309 0.009 $ 49,977,908.14
BAT Battery Minerals 79 178 0.025 $ 34,270,380.27
WWI West Wits Mining 71 983 0.065 $ 75,844,272.32
THR Thor Mining 53 188 0.023 $ 8,701,699.27
DAU Dampier Gold 43 233 0.06 $ 17,667,553.48
PAK Pacific American Holdings 43 -16 0.03 $ 6,606,282.90
MAR Malachite Resources 42 -26 0.074 $ 9,340,834.28
ZNC Zenith Minerals 41 155 0.155 $ 47,097,604.80
GRL Godolphin Resources 40 0 0.35 $ 22,471,638.42
FAU First Au 37 53 0.026 $ 15,066,369.81
STK Strickland Metals 37 550 0.13 $ 54,483,197.73
GUL Gullewa 36 456 0.15 $ 18,163,456.50
SKY SKY Metals 33 208 0.23 $ 55,496,211.30
HXG Hexagon Energy 32 15 0.054 $ 14,914,103.25
SLZ Sultan Resources 32 303 0.27 $ 15,828,831.00
ADV Ardiden 31 950 0.042 $ 83,707,475.36
BAR Barra Resources 30 75 0.035 $ 22,936,675.43
CWX Carawine Resources 28 33 0.345 $ 32,731,416.14
NWM Norwest Minerals 28 -32 0.125 $ 9,590,527.08
GBZ GBM Resources 27 310 0.19 $ 60,915,174.04
PUR Pursuit Minerals 25 37 0.014 $ 7,713,159.71
DDD 3D Resources 25 275 0.0075 $ 28,922,976.74
AVW Avira Resources 25 233 0.01 $ 15,125,000.00
TIN TNT Mines 23 140 0.27 $ 8,000,000.00
EMU EMU NL 21 53 0.058 $ 19,009,809.85
CTO Citigold Corp 20 200 0.018 $ 47,262,117.76
RIE Riedel Resources 20 75 0.025 $ 8,780,000.00
MEI Meteoric Resources 20 0 0.067 $ 79,373,718.14
MRR MinRex Resources 19 260 0.031 $ 7,240,000.00
DTM Dart Mining NL 18 72 0.2 $ 17,547,983.00
NML Navarre Minerals 18 104 0.235 $ 122,049,483.98
NPM Newpeak Metals 17 0 0.0035 $ 15,278,068.78
SMI Santana Minerals 17 17 0.0035 $ 6,105,673.46
SNG Siren Gold 16 0 0.465 $ 27,885,855.88
HWK Hawkstone Mining 15 25 0.015 $ 14,638,880.10
RMX Red Mountain Mining 15 200 0.015 $ 16,909,837.34
PKO Peako 15 45 0.038 $ 7,386,877.56
GBR Great Boulder Resources 15 36 0.077 $ 14,480,602.29
LNY Laneway Resources 14 33 0.008 $ 26,425,461.53
MLL Mali Lithium 14 138 0.2 $ 73,060,495.80
AGS Alliance Resources 14 113 0.25 $ 44,575,020.00
KWR Kingwest Resources 13 -28 0.215 $ 32,275,710.18
NSM Northstaw 13 0 0.48 $ 19,400,000.00
TNR Torian Resources 12 94 0.028 $ 21,210,301.62
CXU Cauldron Energy 11 129 0.039 $ 15,338,303.57
HMX Hammer Metals 11 96 0.049 $ 36,471,639.04
OKR Okapi Resources 11 3 0.2 $ 7,208,573.20
RVR Red River Resources 11 32 0.205 $ 103,554,873.40
KSN Kingston Resources 10 25 0.275 $ 65,706,869.13
GED Golden Deeps 10 -37 0.017 $ 8,615,051.18
AZS Azure Minerals 9 180 0.42 $ 101,720,899.14
GSN Great Southern 9 56 0.1 $ 37,648,278.64
CGN Crater Gold Mining 8 -13 0.013 $ 14,729,950.40
HRN Horizon Gold 8 72 0.485 $ 39,182,488.65
SFM Santa Fe Minerals 8 -2 0.086 $ 6,262,415.85
AOP Apollo Consolidated 7 46 0.365 $ 96,874,412.40
AWV Anova Metals 7 210 0.03 $ 44,425,920.20
BNR Bulletin Resources 7 208 0.077 $ 13,805,566.70
NXM Nexus Minerals 7 223 0.155 $ 29,969,509.01
MEU Marmota 6 79 0.05 $ 48,426,684.50
MDI Middle Island Resources 6 183 0.017 $ 47,019,126.61
NAE New Age Exploration 6 467 0.017 $ 18,883,266.97
TSC Twenty Seven Co. 6 113 0.0085 $ 13,663,208.73
TAM Tanami Gold NL 6 67 0.075 $ 88,132,278.45
DCN Dacian Gold 5 -57 0.4 $ 217,038,336.06
MKR Manuka Resources 5 0 0.52 $ 38,042,750.55
AFR African Energy Resources 5 70 0.023 $ 14,330,000.00
CST Castile Resources 5 0 0.435 $ 85,875,352.03
RND Rand Mining 5 -20 2.41 $ 140,145,946.75
E2M E2 Metals 5 0 0.22 $ 28,864,040.92
AME Alto Metals 5 238 0.115 $ 39,200,411.46
MOH Moho Resources 5 53 0.115 $ 7,996,134.81
TLM Talisman Mining 4 14 0.12 $ 22,395,406.20
ADN Andromeda Metals 4 180 0.14 $ 245,928,263.40
AUC Ausgold Limited 4 195 0.056 $ 72,819,574.30
AMI Aurelia Metals 3 29 0.53 $ 471,951,250.38
ARV Artemis Resources 3 343 0.155 $ 168,426,200.55
MTH Mithril Resources 3 343 0.031 $ 64,699,329.53
PDI Predictive Discovery 3 539 0.063 $ 50,257,061.56
KCN Kingsgate Consolidated 3 83 0.86 $ 196,816,567.80
CAI Calidus Resources 3 165 0.69 $ 188,427,102.50
MRZ Mont Royal Resources 3 56 0.35 $ 11,723,672.65
DGO DGO Gold Limited 3 260 3.6 $ 254,970,162.72
RML Resolution Minerals 2 -40 0.045 $ 12,855,656.39
ARN Aldoro Resources 2 -45 0.099 $ 6,571,699.50
VMC Venus Metals 2 49 0.26 $ 40,035,851.00
MVL Marvel Gold Limited 1 -43 0.073 $ 30,196,016.23
SSR SSR Mining 1 0 27.21 $ 445,933,138.56
BDC Bardoc Gold 1 -17 0.078 $ 135,010,775.33
MML Medusa Mining 1 11 0.84 $ 174,547,212.84
VAN Vango Mining 1 -46 0.1 $ 99,359,275.40
AXE Archer Materials 1 288 0.505 $ 113,542,455.73
RED Red 5 1 8 0.3 $ 601,027,205.31
STN Saturn Metals 1 68 0.74 $ 78,636,769.75
TIE Tietto Minerals 0 75 0.55 $ 252,229,855.36
BGL Bellevue Gold 0 134 1.24 $ 1,079,268,252.81
WGX Westgold Resources 0 42 2.78 $ 1,194,447,966.80
ALY Alchemy Resource 0 73 0.022 $ 15,461,599.42
AAR Anglo Australian 0 81 0.17 $ 93,326,458.83
BCN Beacon Minerals 0 -5 0.038 $ 108,938,048.23
CDT Castle Minerals 0 63 0.013 $ 5,838,469.09
DTR Dateline Resources 0 -17 0.0025 $ 20,525,195.19
DCX Discovex Resources 0 -13 0.007 $ 7,176,984.46
KAU Kaiser Reef 0 0 0.041 $ 10,106,500.41
KGM Kalnorth Gold 0 63 0.013 $ 11,625,120.78
MKG Mako Gold 0 43 0.11 $ 28,209,362.06
MLS Metals Australia 0 0 0.002 $ 7,296,705.55
M2R Miramar 0 0 0.395 $ 17,524,420.80
NAG Nagambie Resources 0 7 0.058 $ 29,995,940.76
NUS Nusantara Resources 0 9 0.3 $ 63,773,788.80
OKU Oklo Resources 0 176 0.29 $ 138,479,865.15
PUA Peak Minerals 0 86 0.034 $ 18,072,340.44
PRX Prodigy Gold 0 -51 0.047 $ 27,289,497.48
RDS Redstone Resources 0 114 0.015 $ 7,316,820.22
TMX Terrain Minerals 0 250 0.014 $ 9,401,093.12
TTM Titan Minerals 0 -25 0.135 $ 148,887,754.29
TRM Truscott Mining 0 150 0.02 $ 2,458,830.88
XTC Xantippe Resources 0 50 0.003 $ 12,223,693.21
OBM Ora Banda Mining -1 95 0.34 $ 280,867,171.78
KZR Kalamazoo Resources -1 167 0.64 $ 85,111,932.10
ARL Ardea Resources -1 22 0.49 $ 62,558,585.18
SVL Silver Mines -1 123 0.21 $ 220,692,949.31
FML Focus Minerals -1 34 0.395 $ 72,185,683.18
BYH Bryah Resources -2 7 0.06 $ 7,912,430.40
RXL Rox Resources -2 157 0.059 $ 118,658,050.85
TBR Tribune Resoources -2 -14 7.2 $ 371,998,665.93
NST Northern Star -2 61 15.71 $ 12,003,587,202.60
SAR Saracen Mineral Holdings -2 70 5.88 $ 6,734,432,461.44
EMR Emerald Resources -2 45 0.61 $ 306,661,338.17
GMN Gold Mountain -2 -44 0.04 $ 27,586,496.96
NCM Newcrest Mining -2 -6 30.68 $ 25,795,020,909.06
PGI Panterra Gold -3 33 0.036 $ 7,025,099.36
KRM Kingsrose Mining -3 26 0.034 $ 24,820,249.97
AQX Alice Queen -3 -18 0.031 $ 33,812,895.64
TRY Troy Resources -3 36 0.15 $ 94,809,565.20
CHN Chalice Gold Mines -3 1586 2.95 $ 907,444,141.80
HAW Hawthorn Resources -3 179 0.145 $ 50,027,341.95
MHC Manhattan Corp -3 460 0.028 $ 35,809,524.71
MAT Matsa Resources -3 0 0.14 $ 37,960,539.26
CDV Cardinal Resources -3 171 1.05 $ 559,385,433.36
CBY Canterbury Resources -4 -39 0.135 $ 12,167,632.68
OAU Ora Gold -4 -4 0.024 $ 20,180,285.33
ONX Orminex -4 -77 0.024 $ 12,938,452.03
CAZ Cazaly Resources -4 85 0.047 $ 16,541,333.55
HRZ Horizon -4 -6 0.115 $ 68,157,024.00
SAU Southern Gold -4 -52 0.115 $ 17,599,645.80
WMX Wiluna Mining -4 55 1.71 $ 182,857,156.30
BC8 Black Cat Syndicate -4 85 0.78 $ 82,164,311.92
GML Gateway Mining -5 25 0.02 $ 38,042,320.72
CYL Catalyst Metals -5 1 2.52 $ 207,647,238.96
GNM Great Northern -5 111 0.019 $ 17,150,472.47
ALK Alkane Resources -5 82 1.32 $ 776,982,384.00
DEG De Grey Mining -5 2014 1.21 $ 1,580,256,075.64
CLA Celsius Resources -5 119 0.035 $ 27,307,632.84
GMR Golden Rim Resources -6 21 0.013 $ 28,549,947.42
SBM St Barbara -6 13 2.84 $ 2,045,535,824.90
CHZ Chesser Resources -6 262 0.25 $ 98,189,398.56
ERM Emmerson Resources -6 -25 0.083 $ 41,042,579.29
G88 Golden Mile Resources -6 -6 0.064 $ 7,750,154.66
GOR Gold Road Resources -6 38 1.41 $ 1,231,894,647.20
CMM Capricorn Metals -6 53 1.72 $ 612,275,156.46
A1G African Gold -6 -26 0.155 $ 4,551,773.88
LCL Los Cerros -6 150 0.19 $ 83,689,268.22
AAJ Aruma Resources -6 88 0.0075 $ 11,920,604.28
AMG Ausmex Mining -6 -55 0.045 $ 24,640,573.95
NES Nelson Resources -6 2 0.073 $ 8,839,764.93
GSM Golden State Mining -7 250 0.28 $ 14,572,210.00
SLR Silver Lake Resource -7 124 2.24 $ 2,009,156,567.88
CEL Challenger Exploration -7 388 0.205 $ 112,351,881.80
AGG AngloGold Ashanti -7 21 7.22 $ 661,029,538.65
EVN Evolution Mining -7 40 5.69 $ 9,927,042,924.40
AL8 Alderan Resources -8 200 0.12 $ 28,799,500.51
CY5 Cygnus Gold -8 350 0.18 $ 18,895,694.58
LEX Lefroy Exploration -8 23 0.24 $ 24,116,818.80
PRU Perseus Mining -8 73 1.27 $ 1,611,734,818.01
MAU Magnetic Resources -8 115 1.18 $ 259,285,652.40
RGL Riversgold -8 413 0.059 $ 23,340,452.52
BBX BBX Minerals -8 141 0.41 $ 180,877,361.18
SIH Sihayo Gold -8 32 0.023 $ 81,213,978.46
BRV Big River Gold -8 256 0.057 $ 78,994,976.28
FFR Firefly Resources -8 194 0.17 $ 49,465,272.78
KTA Krakatoa Resources -8 84 0.09 $ 24,283,600.00
VRC Volt Resources -8 -8 0.011 $ 22,226,109.10
AUT Auteco Minerals -9 1667 0.13 $ 211,569,156.36
MGV Musgrave Minerals -9 616 0.53 $ 249,265,949.63
BRB Breaker Resources -9 -40 0.21 $ 68,426,595.09
MCT Metalicity -9 385 0.021 $ 38,084,822.31
RRL Regis Resources -9 -4 4.65 $ 2,485,821,571.20
VKA Viking Mines -10 90 0.019 $ 5,960,639.26
PNR Pantoro -10 25 0.21 $ 295,763,627.88
RMS Ramelius Resources -10 53 2 $ 1,649,996,290.44
S2R S2 Resources -10 86 0.27 $ 85,020,618.33
SBR Sabre Resources -10 125 0.009 $ 11,255,816.32
WAF West African Resources -11 122 0.98 $ 880,485,314.96
MZZ Matador Mining -11 108 0.405 $ 70,458,184.99
MTC Metalstech -12 782 0.15 $ 23,450,822.08
DRE Dreadnought Resources -12 190 0.029 $ 63,175,423.23
MSR Manas Resources -13 133 0.007 $ 18,502,137.42
TAR Taruga Minerals -13 210 0.063 $ 28,346,493.37
RSG Resolute Mining -14 -29 0.84 $ 965,906,117.75
GWR GWR Group -15 75 0.175 $ 46,415,023.84
AQI Alicanto Minerals -15 188 0.17 $ 51,941,268.59
SI6 Six Sigma Metals -15 175 0.011 $ 13,309,555.28
KAI Kairos Minerals -20 513 0.063 $ 108,806,829.11
TSO Tesoro Resources -21 872 0.395 $ 164,119,921.29
ANL Amani Gold -25 -50 0.0015 $ 11,757,295.12
ENR Encounter Resources -25 71 0.24 $ 57,657,444.13
AYM Australia United Mining -57 567 0.017 $ 31,320,000.00

 

SMALL CAP STANDOUTS

Resources & Energy Group’s (ASX:REZ) Gigante Grande prospect is living up to its name.

New hits like 20m at 5g/t gold show that Gigante Grande could host “a very large mineralised system”, says the explorer, which is up +190 per cent for the week to its highest point since March 2018.

Nova Minerals’ (ASX:NVA) 3.3Moz Estelle gold camp is about to get a whole lot bigger.

The Alaskan explorer has defined a bunch of new “high priority” drilling targets within the RPM prospect where rock chips assayed up to 291 grams per tonne gold.

“RPM is presenting surface features indicative of a much larger footprint for resource delineation than first thought,” Nova boss Christopher Gerteisen says.

“The team is confident in growing the pipeline of Tier 1 assets within the project area.

“The commencement of drilling at RPM is scheduled for 2021 and marks the start of Nova’s next growth phase.”

South African explorer West Wits Mining (ASX:WWI) has added another 700,000oz of gold to the Witwatersrand Basin Project (WBP) resource.

That’s a monstrous 4.37 million gold ounces all up as West Wits heads towards development and first production.

“4.37Moz at a robust grade of 3.88g/t gold further solidifies the fact that we have a substantial project at the WBP,” West Wits boss Jac van Heerden says.

The ~$90m market cap stock is now up +983 per cent over the past 12 months. Almost a ten-bagger.

And Pilbara explorer Thor Mining (ASX:THR) is picking up visible gold in stream sediment sample panning as it narrows down targets for drill testing at the Ragged Range project.

13 of the 54 stream sediment sites had visible gold in panning. It looks like this:

Eureka.

The stock is up +50 per cent in early trade for a cumulative +188 per cent gain over the past 12 months.