Leviathan Gold Begins Trenching at Foča Project Following Promising Survey Results

Leviathan Gold ( (TSE:LVX) ) has shared an update.

Leviathan Gold has commenced the first phase of trenching at its Foča Project in Bosnia and Herzegovina, following promising results from an induced polarization survey. This trenching aims to define near-term drill targets in an area with high-grade silver, lead, and zinc samples, potentially indicating a significant mineral system. The renewal of the Marevo Exploration License further supports the company’s operations and commitment to advancing its projects in the region.

Spark’s Take on TSE:LVX Stock

According to Spark, TipRanks’ AI Analyst, TSE:LVX is a Neutral.

Leviathan Gold’s overall score reflects significant financial challenges due to ongoing losses and cash flow issues, offset by strong market momentum and positive corporate events. The speculative nature of the stock is underscored by negative earnings metrics, with future performance heavily reliant on exploration success and market conditions.

To see Spark’s full report on TSE:LVX stock, click here.

More about Leviathan Gold

Leviathan Gold Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the exploration of silver, lead, and zinc, with a market focus on identifying and developing mineralization systems, particularly in Bosnia and Herzegovina.

YTD Price Performance: 360.0%

Average Trading Volume: 82,078

Technical Sentiment Signal: Sell

Current Market Cap: C$7.53M

For detailed information about LVX stock, go to TipRanks’ Stock Analysis page.