Harvest Gold Finalizes Drill Targets for Mosseau Project in Quebec

Harvest Gold ( (TSE:HVG) ) has provided an update.

Harvest Gold Corporation has finalized drill targets for its diamond drill program at the Mosseau Project in Quebec, aiming to explore 15 primary and 10 secondary targets. The 5,000-meter program will test near-surface gold targets in the northern and central areas of the property, with the central area receiving systematic testing for the first time. The company has secured necessary permits and awarded the drill contract to Forage Rouillier Drilling, emphasizing its readiness to advance exploration efforts. This initiative is expected to enhance Harvest Gold’s positioning in the gold exploration industry and potentially unlock significant mineral potential at the Mosseau Project.

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 near-surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions. The company operates in the Urban Barry area with three active gold projects, including Mosseau, Urban-Barry, and LaBelle, covering over 50 km of mineralized shear zones. Harvest Gold is committed to fostering positive relationships with local Indigenous communities.

Average Trading Volume: 247,269

Technical Sentiment Signal: Buy

Current Market Cap: C$6.61M

See more insights into HVG stock on TipRanks’ Stock Analysis page.