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Warrior Gold Inc ( (TSE:KLDC) ) just unveiled an announcement.
Kirkland Lake Discoveries has completed more than 10,000 metres of a fully funded 25,000-metre winter diamond drilling program at its KL West Property in Ontario, with visual core logging indicating a robust, district-scale intrusion-related gold and polymetallic system. At the Wolverine Bend target, step-out and undercut drilling has significantly expanded the footprint of intense brick-red hematite and potassic alteration within syenite, a key signature of major gold deposits in the Kirkland Lake camp, with alteration intensity increasing at depth and along structural corridors.
Across the 17-kilometre Winnie Lake Stock corridor, new drilling at Winnie Lake has intersected semi-massive sulphides and high-temperature minerals such as fluorite and molybdenite, pointing to a fertile and expanding polymetallic system, while first-pass drilling at the regional Sharp Target has identified a new 65-metre-thick sulphide-bearing horizon that underscores the grassroots discovery potential of the property. Although assays for recent holes are still pending, management says the scale and consistency of the alteration and mineralization observed, supported by two rigs operating around the clock to complete the remaining metres, bolster the company’s confidence that it is advancing a large, fluid-rich hydrothermal system with district-scale exploration upside.
The most recent analyst rating on (TSE:KLDC) stock is a Hold with a C$0.25 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 polymetallic discoveries in the Kirkland Lake region of Ontario. Its flagship KL West Property covers the 17-kilometre Winnie Lake Stock corridor, where the company is targeting large-scale, intrusion-related, syenite-hosted gold and polymetallic systems in a historically productive mining camp.
Average Trading Volume: 204,640
Technical Sentiment Signal: Buy
Current Market Cap: C$44.82M
See more insights into KLDC stock on TipRanks’ Stock Analysis page.