Gold penny stocks are trending on the TSXV today as two major Canadian gold companies are seeing strong gains. Cannabis has been a long-standing trend on the Canadian markets this year, but mineral stocks look like they’re here to stay.
Like cannabis, many junior mining companies that are publically traded on the TSXV are headquartered in Canada. Let’s take a closer look at these gold penny stocks and their latest announcements.
Gold Penny Stocks: GT Gold Corp. (TSXV:GTT)
GT Gold Corp is based out of Vancouver, British Columbia, and it engages in the exploration and development of gold properties in Canada. The company also explores silver and copper but mostly acquires gold properties.
This morning the gold penny stock company announced the assay results of its latest holes from its Saddle North target. The company confirmed a new major Au-Cu-Ag porphyry discovery on its wholly-owned Tatogga property within BC’s Golden Triangle.
Charles Greig, Vice-President of Exploration for GT Gold, said:
“Our drilling to date at Saddle North has rapidly outlined a very large porphyry gold-copper-silver discovery. Porphyry discoveries of this scale and tenor are uncommon.”
According to Yahoo Finance, the gold penny stock is currently trading at $1.00, up $0.22 (+28.21%).
Gold Penny Stocks: Enforcer Gold Corp. (TSXV:VEIN)
Enforcer Gold Corp is headquartered in Kelowna, BC, and it engages in the acquisition, exploration, and development of mineral properties in Canada. The company currently holds 50% interest in the Roger gold-copper project located in Quebec.
This morning, the gold penny stock announced that the second phase of its drilling program at the Roger gold-copper project would resume this week.
Enforcer Gold President and CEO, Steve Roebuck, stated:
“We’re excited to resume drilling on the Mop-II deposit and to be testing continuity of the mineralization along strike and to depth. Our highly successful Phase 1 program intersected very consistent mineralization throughout each hole and the current resource provides a very robust base to build from. The coming months look very promising for the continued development of the Roger project and for Enforcer Gold.”
According to Yahoo Finance, VEIN is currently trading at $0.04 a share, up $0.01 (+33.33%).
Check back in for more gold penny stock news.
Featured Image: Depositphotos/© steveheap