Mining Stocks to Watch: Sandspring Resources and GGX Gold

mining stocks

Mining stocks are dominating the TSXV today. Usually, cannabis stocks flood the top trending stocks, but today, there is a flood of mineral resource companies that are seeing their shares trade green today.

Today, we’ll take a closer look at two of those mining stocks and their latest company announcements.

Mining Stocks to Watch: Sandspring Resources Ltd. (TSXV:SSP)

Sandspring Resources is a US-based junior mining company that explores gold in Guyena, South America. The Centennial, Colorado-based mining company also mines for copper and silver deposits. For the past month, the mining stock has been steadily climbing on the TSXV. Today, it leads the top mining stocks for most percentage gains on the market.

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Three days ago, Sandspring provided its investors with an update on its Chicharron drilling project. The update states that five drill holes have been completed and the results of these holes are still pending.

According to Yahoo Finance, this announcement made late last week might be the cause of its double-digit percentage gains on the market today. At press time, SSP is trading at $0.305 a share, up +$0.05 (19.61%). For the month, the mining stock is up over 32%.

Mining Stocks to Watch: GGX Gold Corp (TSXV:GGX)

GGX is another mining stock trending high on the TSXV. This stock is seeing astronomical gains on the Canadian market. GGX Gold is a Vancouver-based mineral exploration company that focuses specifically on gold and silver.

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Three days ago, GGX announced the results of its drilling program at its Gold Drop Property in Southern British Columbia. The mining stock announcement read:

“The November 2018 diamond drilling program (11 drill holes: COD18-61 to COD18-71) tested the southwest region of the COD vein in an area of high-grade gold and silver mineralization. The COD vein is located in the Gold Drop Southwest Zone. Prior 2018 drill holes in this part of the COD vein intersected near-surface high-grade gold and silver mineralization.”

It seems investors are impressed with the company’s latest drilling results. According to Yahoo Finance, the mining stock is currently trading at $0.115 a share, up +$0.03 (+43.75%).

Featured Image: Depositphotos © JanPietruszka