Electrum Discovery Pinpoints New Drill Targets at Timok East After Phase 2 AMT Survey

The latest update is out from Electrum Discovery ( (TSE:ELY) ).

Electrum Discovery has completed a Phase 2 audio-magnetotelluric geophysical survey at its Timok East copper-gold project in Serbia, integrating the new data with results from a previous survey to build an expanded 3D resistivity model. The combined work has identified two highly conductive zones at depths of 250–550 metres beneath Jurassic and Cretaceous limestones, confirmed Late Cretaceous andesite linked to the Timok Magmatic Complex, and generated new high-priority drill targets that are expected to advance Timok East toward drill-ready status in 2026, reinforcing the project’s potential to host significant porphyry and related hydrothermal mineralisation.

The most recent analyst rating on (TSE:ELY) stock is a Hold with a C$0.11 price target. To see the full list of analyst forecasts on Electrum Discovery stock, see the TSE:ELY Stock Forecast page.

Spark’s Take on TSE:ELY Stock

According to Spark, TipRanks’ AI Analyst, TSE:ELY is a Neutral.

Score is held back primarily by weak financial performance (no revenue, widening losses, and sharply higher cash burn despite an improved balance sheet). Technicals are supportive with strong trend/momentum, but valuation is constrained by negative earnings and no dividend support.

To see Spark’s full report on TSE:ELY stock, click here.

More about Electrum Discovery

Electrum Discovery Corp. is a Vancouver-based mineral exploration company focused on copper-gold targets, with a key exploration asset at the Timok East project in Serbia’s Western Tethyan Belt, a region known for hosting several world-class porphyry copper-gold deposits.

Average Trading Volume: 400,330

Technical Sentiment Signal: Buy

Current Market Cap: C$13.37M

For an in-depth examination of ELY stock, go to TipRanks’ Overview page.