The top 50 ASX gold stocks that won November

Gold companies have shrugged off prices of the precious metal falling from record highs in November with the sector’s winners outperforming the already robust performance put in by the ASX.

While the precious metal briefly dipped below the $US1,800 an ounce mark, it has since bounced back up with some analysts already flagging a return past the $US1,900 an ounce level, according to Kitco News.

In the long-term, gold prices are expected to be supported by governments continuing to pump liquidity into markets.

HERE’S THE TOP 50 GOLD STOCKS FOR THE MONTH OF NOVEMBER >>>

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Kicking off our list of gold winners is Gateway Mining (ASX:GML) which was up 83 per cent in November thanks to a substantial, wide-spaced, high-grade discovery at its Gidgee project in WA.

Its drilling includes a top hit of 10m at 9.2 grams per tonne (g/t) gold, highlighting the presence of significant mineralisation in the area.

Gidgee features a 1.6km mineralised trend, and early drilling has intersected mineralisation across a number of significant structures.

Nipping at Gateway’s heel is Siren Gold (ASX:SNG), which rose 79 per cent on the back of some tidy high-grade gold hits at its Alexander River project in New Zealand.

Its maiden drill program intersected the historical high-grade quartz reef and thick sulphide mineralisation in the footwall of the reef.

Top hits are 8.5m at 11g/t gold from 25m and 7.6m at 7.8g/t gold from 28.2m.

Surface channel sampling conducted along the 1,200m Alexander River reef outcrop has also exposed a thick mineralised zone in the Loftus-Mullocky creek area.

Chalice Gold Mines (ASX:CHN), now Chalice Mining, was one of the winners after hitting thick, high-grade platinum group elements (PGE)-copper-gold at its ground-breaking Julimar project near Perth.

This includes a thick high-grade intersection of 50m at 1.8 grams per tonne (g/t) palladium, 0.5g/t platinum, 0.9g/t gold and 1.1 per cent copper from a depth of 112m that hosts a higher-grade interval of 17m at 2.5g/t palladium, 0.8g/t platinum, 2g/t gold and 1.8 per cent copper from 134m.

Recent project acquisitions drive gold winners

Companies with recent project acquisitions also proved to be winners with Viking Mines (ASX:VKA) climbing 56 per cent following its acquisition of Red Dirt Mining, the owner of the First Hit gold exploration and development projects about 45km west of Menzies in WA’s Eastern Goldfields region.

These projects include the historical First Hit mine and several advanced exploration targets that could each be repeats of the First Hit Mine as mining or exploration has been undertaken on the project for about 18 years.

Gold mineralisation is confirmed to extend above, below and laterally adjacent of the historical resource providing the opportunity for expansion.

Meanwhile, Celsius Resources (ASX:CLA) has secured an exploration permit for the Maalinao-Caigutan-Biyog (MCB) project in the Philippines that it had reached an agreement to acquire in September.

Historical drilling at MCB had returned results including 384m at 1.25 per cent copper and 0.46g/t gold along with 177m at 1.98 per cent copper and 0.95g/t gold.

The company can now complete the acquisition of the gold play.