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An announcement from Harvest Gold ( (TSE:HVG) ) is now available.
Harvest Gold reported the second set of assay results from its maiden drill program at the Mosseau property, highlighting the discovery of a significant gold-silver-copper halo associated with a major structural dilation zone southeast of the historical Morono deposit. The latest five holes from the northern area encountered thick intervals of anomalous and locally high-grade Au-Ag-Cu mineralization, confirming a regionally extensive and complex gold-rich system that bears similarities to known gold-rich base metal deposits in the Abitibi. Notably, drilling both down-dip of the Morono deposit and more than 300 metres to its southeast returned multiple wide zones of anomalous gold and copper, as well as narrower higher-grade intercepts, providing new, compelling exploration targets and supporting the potential for a sizeable mineralized system at Mosseau.
The most recent analyst rating on (TSE:HVG) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Harvest Gold stock, see the TSE:HVG Stock Forecast page.
Spark’s Take on TSE:HVG Stock
According to Spark, TipRanks’ AI Analyst, TSE:HVG is a Neutral.
The score is held down primarily by pre-revenue financials with widening losses and continued cash burn, alongside weak technical trend signals. Positive exploration progress and a debt-free balance sheet provide support but do not fully offset funding/dilution risk and the lack of profitability-based valuation support.
To see Spark’s full report on TSE:HVG stock, click here.
More about Harvest Gold
Harvest Gold Corporation is a Vancouver-based mineral exploration company focused on gold and associated precious and base metals. The company is advancing its Mosseau property in Quebec’s Abitibi region, within the Urban Barry Belt, a prolific Canadian gold district where it is targeting structurally controlled gold systems using high-resolution geophysical surveys and systematic drilling.
Average Trading Volume: 168,837
Technical Sentiment Signal: Sell
Current Market Cap: C$7.24M
For detailed information about HVG stock, go to TipRanks’ Stock Analysis page.