Harvest Gold Advances Exploration at Mosseau with Drilling and Magnetic Survey

Harvest Gold ( (TSE:HVG) ) has shared an announcement.

Harvest Gold Corporation has completed 11 drill holes totaling 2,191 meters at its Mosseau property in Quebec’s Abitibi region, with assay results expected soon. The company has also finished a high-resolution airborne magnetic survey, confirming the extension of the Kiask River Corridor into the LaBelle property, providing new exploration targets. These developments enhance Harvest Gold’s understanding of the area’s gold potential and support its ongoing exploration efforts, with plans for further soil sampling and prospecting in the fall.

Spark’s Take on TSE:HVG Stock

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

Harvest Gold’s overall stock score of 52 reflects a challenging financial situation with no revenue and ongoing losses. However, positive technical indicators and strategic corporate events provide some optimism. The stock’s unattractive valuation further limits its appeal. Improvements in financial performance and successful exploration outcomes are needed for a more favorable stock outlook.

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

More about Harvest Gold

Harvest Gold Corporation is focused on exploring for near-surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions. The company has three active gold projects in the Urban Barry area, covering 377 claims over 20,016.87 hectares, located approximately 45-70 km west of Gold Fields Limited’s Windfall Deposit. Harvest Gold is committed to developing positive relationships with local Indigenous communities.

Average Trading Volume: 149,508

Technical Sentiment Signal: Buy

Current Market Cap: C$8.37M

Find detailed analytics on HVG stock on TipRanks’ Stock Analysis page.