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The latest announcement is out from Japan Gold ( (TSE:JG) ).
Japan Gold has reported new gold intercepts from two diamond drill holes totaling 1,156 metres at its Mizobe Project in southern Kyushu, including intervals of 1.82 g/t gold over 1.50 metres and 1.07 g/t gold over 2.0 metres, along with the first documented intersection of a banded chalcedony vein at the property. The results, which build on earlier 2023 drilling that returned higher-grade mineralization, confirm widespread hydrothermal alteration with anomalous gold, arsenic and antimony controlled by rock type in the upper parts of the holes, reinforcing Mizobe’s potential as a low-sulphidation epithermal system and guiding the company’s ongoing exploration to target zones where stronger mineralization may be developed.
The most recent analyst rating on (TSE:JG) stock is a Sell with a C$0.11 price target. To see the full list of analyst forecasts on Japan Gold stock, see the TSE:JG Stock Forecast page.
Spark’s Take on TSE:JG Stock
According to Spark, TipRanks’ AI Analyst, TSE:JG is a Neutral.
The score is held back primarily by the company’s pre-revenue status, widening losses, and ongoing cash burn, despite a strong no-debt balance sheet. Technical indicators are mildly weak/neutral and valuation is unattractive due to negative earnings, while recent corporate events provide a modest positive offset.
To see Spark’s full report on TSE:JG stock, click here.
More about Japan Gold
Japan Gold Corp. is a mineral exploration company focused on gold projects in Japan, targeting epithermal gold systems in prospective districts such as southern Kyushu’s Hokusatsu belt near major operations like Sumitomo Metal Mining’s Hishikari Mine. The company advances its portfolio through diamond drilling and systematic geochemical and geological programs to delineate new gold resources beneath post-mineral cover.
Average Trading Volume: 117,197
Technical Sentiment Signal: Sell
Current Market Cap: C$36.61M
See more data about JG stock on TipRanks’ Stock Analysis page.