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Golden Arrow Resources ( (TSE:GRG) ) just unveiled an update.
Golden Arrow Resources reported strong trenching results at the Noemi gold target within its San Pietro IOCG project in Chile, confirming a near-surface, structurally hosted gold system with multiple wide intervals above 1 g/t gold across a 380-metre strike and mineralization extending over more than three kilometres. The system remains open for expansion in several directions, and the company sees potential for a bulk-mineable, near-surface gold deposit that complements other gold-bearing structures on the property; Golden Arrow is now planning a drill program at Noemi as part of the next phase of drilling at San Pietro, alongside work to advance the Rincones-Colla IOCG deposit and to demonstrate the multi-deposit potential of the broader project area.
The most recent analyst rating on (TSE:GRG) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Golden Arrow Resources stock, see the TSE:GRG Stock Forecast page.
Spark’s Take on TSE:GRG Stock
According to Spark, TipRanks’ AI Analyst, TSE:GRG is a Neutral.
The score is held down primarily by weak financial performance (no revenue, persistent losses, and ongoing cash burn despite improvement). Technical signals are neutral and do not offset fundamentals, valuation is constrained by negative earnings, while the environmental approval is a constructive catalyst but not yet reflected in operating results.
To see Spark’s full report on TSE:GRG stock, click here.
More about Golden Arrow Resources
Golden Arrow Resources is a mineral exploration company focused on advancing precious and base metal projects in Chile, with a particular emphasis on iron-oxide-copper-gold (IOCG) systems that also host gold, copper, iron and cobalt. Its San Pietro project targets both bulk-tonnage IOCG deposits and structurally hosted gold zones, positioning the company within the exploration stage of the South American metals sector.
YTD Price Performance: 28.57%
Average Trading Volume: 145,188
Technical Sentiment Signal: Hold
Current Market Cap: C$15.25M
Find detailed analytics on GRG stock on TipRanks’ Stock Analysis page.