Resources Top 5: Which gold stock hit 10-bag status today?
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Here’s your top ASX small cap resources winners in morning trade Monday, October 26.
White Cliff Minerals (ASX:WCN) is dusting off old drilling intercepts like 20m at 4.13 g/t gold, just 2m from surface at the Reedy South project in WA.
Thick, shallow, and high grade – that’s good stuff.
These previously unreported intercepts are from a 2010 drilling program at King Cole prospect.
“The results from this small drilling program at King Cole are pleasing for two reasons: the grade (including from near surface) is always great to see, but as importantly, the drilling data provides further evidence that the mineralisation is near vertical at the King Cole and Pegasus prospects,” White Cliff technical director Ed Mead says.
“This is the same as what we can see going on at Triton – South Emu less than 600m up the road, and it gives us confidence of extending known mineralisation at depth through drilling.”
The explorer is up +625 per cent over the last six months.
Last week South African explorer West Wits Mining (ASX:WWI) 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.
The ~$115m market cap stock is now up +1,150 per cent over the last 12 months. Ten-bagger confirmed.
Avira Resources (ASX:AVW) is search for big copper-gold deposits in the red-hot Paterson province of WA, where a recent electromagnetic (EM) survey defined multiple conductors for “priority” follow-up drilling.
Superior Resources’ (ASX:SPQ) ~100,000oz Steam Engine gold deposit is about to get a lot bigger. Solid drilling results, like 5m at 4.1 g/t gold just 35m from surface, extend Steam Engine by 150m to 550m in length.
It also remains ‘open’, which means Superior doesn’t know where the gold ends yet. A new drilling program kicked off last week.
And investors are taking a punt on ~$5m market cap Korab Resources (ASX:KOR). Korab owns the Bobrikovo gold project in war-torn eastern Ukraine (bad) which has 3.3moz gold and 16.3moz silver in JORC compliant resources (very good).