Mexican Gold’s (TSXV: MEX) Queensway gold project in Canada’s Newfoundland province reported the most significant drill intersections of 2020 to date, according to intelligence company Opaxe, based on companies listed on the Toronto Stock Exchange.
Opaxe compiles the best drill intersections around the world and then ranks them based on gold equivalent grams per tonne using ruling metal and mineral prices.
The top class grades over 19 meters boosted MEX shares 25% higher on the TSX Venture Exchange the day after the announcement.
Walker River Resources’ (TSXV: WRR) Lapon Canyon gold project in Nevada lands second place, with good grades over 13.7 meters.
Based on companies listed on the Australian Securities Exchange, Evolution Mining’s (ASX: EVN) Cowal gold project in Sidney is the runaway winner, with Westgold Resources (ASX: WGX) gold project Fortnum in western Australia coming in second.
Number 3 on the list, Oklo’s (ASX: OKU) gold project in Mali returned top class grades over 55 meters – and OKU shares opened 57% higher on the Australian Securities Exchange the day after the announcement.
Australian companies are responsible for eight of the ten most significant drill intersections so far this year, followed by Canadian companies with seven.
Significant drill intersections of the week
The ranking of significant drill intersections of the week is based on companies listed on Australian Securities Exchange was led by Azure Minerals (ASX: AZS) silver-gold-copper Alacran project in Mexico with reports of “robust estimates of the true mineralised thicknesses.”
Based on companies listed on Toronto Stock Exchange the weekly ranking was topped by Walker River Resources Lapon Canyon gold project in Nevada.