The Nevada-focused junior explorer Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) is now trading its shares on the Frankfurt Stock Exchange, a move intended to attract more investors in Europe.
The Vancouver-based company announced the new listing on Wednesday and its shares are currently trading for €0.12 a piece under the symbol GGA1.
“The listing on the Frankfurt Stock Exchange, with its knowledgeable investor base traditionally very active in the junior gold mining sector, will complement our listings on the Canadian CSE and United States OTCQB and heighten the company’s exposure across these major marketplaces,” said Getchell’s CEO Bill Wagener.
Getchell’s flagship asset is the Fondaway Canyon project located 170 kilometres east of Reno, which is estimated to contain 550,000 indicated gold ounces at an average grade of 1.56 g/t Au. The company also operates Nevada’s Star, Dixie Comstock and Hot Springs Peak projects.
Getchell has a market capitalization of $18.3 million and recently closed two private placements with a combined value of $985,100. The company released its most recent corporate presentation on Wednesday.
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NevGold Corp. (TSX-V: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50) is another junior explorer with substantial resources in Nevada. The company’s Limousine Butte project in the east-central area of the state is estimated to contain approximately 241,000 ounces of measured and indicated gold and has yielded high-grade drill results in recent days.
During NevGold’s drill program last year, the company intercepted a rich interval of 8.51 g/t Au over 11.6 metres at the site’s Resurrection Ridge section.
Established companies like McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) and GoldMining Inc. (TSX: GOLD) (NYSE: GLDG) have chosen to make strategic investments in NevGold because of its growth potential and hold a 7 per cent and 22 per cent stake in the company respectively.
NevGold’s shares are currently trading for $0.28 on the TSX Venture Exchange.
Getchell Gold shares have steadily dropped by 61 per cent over the past year and are currently worth $0.16 on the Canadian Securities Exchange.
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