Mining Stocks: GT Gold Corp and SilverCrest Metals

mining stocks

Mining stocks are trading up and down today on the TSXV. Mining has remained a strong industry in Canada for decades. Unlike blockchain and cannabis stocks, mining stocks aren’t driven by ‘hype.’ Most times, when a mining stock is up, it’s due to a mining discovery or acquisition of new territory.

Today, we’ll take a look at two mining stocks that are trending on the TSXV.

GT Gold Corp. (TSXV:GTT)

GT Gold is a gold exploration company that is headquartered in Vancouver, BC. The mining company also explores for silver and copper. The company’s main property, the Tatogga property, is located in British Columbia.

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Eight hours ago, the mining stock announced the final and deepest hole results of its 2018 North porphyry drill program. 

“As with previous holes from Saddle North, our final hole of the 2018 Saddle North drill program delivers an exceptional porphyry-style gold-copper intercept and it’s a great way to begin 2019,” says Charles Greig, Vice-President of Exploration for GT Gold. “Hole 109 confirms we have a large, high-grade system with grades increasing to depth.”

Despite its positive news, the mining stock is down. According to Yahoo Finance, GTT is trading at $0.66 a share, down -$0.08 (-10.81%).

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SilverCrest Metals Inc. (TSXV:SIL)

SilverCrest Metals Inc. engages in the acquisition, exploration, and development of precious metal properties. The mining company primarily explores for silver and gold. Today, SilverCrest is one of the top trading mining stocks on the TSXV. 

This morning, the mining company announced new drilling results at its Las Chispas property. This property is located in Sonora, Mexico. Due to the positive results, investors seem confident in the company, and its stock is soaring.

According to Yahoo Finance, SIL is currently trading at $4.14 a share, up +$0.27 (+6.98%). The company’s shares have seen exponential growth in the last 30 days and are up nearly 25%.

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