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Warrior Gold Inc ( (TSE:KLDC) ) has shared an update.
Kirkland Lake Discoveries has confirmed that gold mineralization at its Wolverine Bend target is directly linked to altered syenite intrusions, validating its exploration model for the KL West Property and expanding the interpreted scale of intrusion-related gold systems along the Winnie Lake Stock contact corridor. Recent drill holes at Wolverine Bend returned broad intervals of low-grade gold with associated bismuth and copper, while drilling at the nearby Winnie Lake target has outlined a vertically zoned, structurally controlled Archean hydrothermal system with both gold and copper-bearing zones, underscoring district-scale potential within a two-kilometre segment of the 17-kilometre corridor and supporting the company’s fully funded 25,000-metre drill program aimed at vectoring toward more concentrated mineralized zones.
The most recent analyst rating on (TSE:KLDC) stock is a Hold with a C$0.28 price target. To see the full list of analyst forecasts on Warrior Gold Inc stock, see the TSE:KLDC Stock Forecast page.
Spark’s Take on TSE:KLDC Stock
According to Spark, TipRanks’ AI Analyst, TSE:KLDC is a Neutral.
The score is primarily held back by weak financial performance (no revenue, widening losses, and rising cash burn), which increases ongoing funding risk despite low leverage. Technicals are moderately supportive with price above key moving averages and neutral-to-positive momentum, but valuation remains constrained by negative earnings and no dividend data.
To see Spark’s full report on TSE:KLDC stock, click here.
More about Warrior Gold Inc
Kirkland Lake Discoveries Corp. is a mineral exploration company focused on gold and copper in the Kirkland Lake region of Ontario, with its KL West Property centered on the Winnie Lake Stock syenite intrusion and a 17-kilometre contact corridor hosting multiple intrusion-related and volcanogenic-style targets.
Average Trading Volume: 240,909
Technical Sentiment Signal: Buy
Current Market Cap: C$45.94M
For detailed information about KLDC stock, go to TipRanks’ Stock Analysis page.