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Treasury Metals ( (TSE:NEXG) ) just unveiled an announcement.
NexGold Mining Corp. reported strong initial results from its ongoing 25,000-metre diamond drilling program at the Goldlund Deposit, part of the Goliath Gold Complex in Ontario, highlighted by intercepts such as 3.31 g/t gold over 20.0 metres and 7.59 g/t gold over 9.0 metres in Zone 4. The infill drilling confirms continuity of mineralization at depth within the planned open pit and suggests the gold-bearing zones remain open along strike and down dip, which is expected to support upgrades to the geological model, increase resource confidence and provide targets for potential future resource expansion at the project.
The most recent analyst rating on (TSE:NEXG) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Treasury Metals stock, see the TSE:NEXG Stock Forecast page.
Spark’s Take on TSE:NEXG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NEXG is a Neutral.
Score is held back primarily by weak financial performance—no revenue, widening losses, and accelerating cash burn despite low leverage—implying ongoing funding needs. Technicals are a positive (clear uptrend and positive MACD) but are offset by overbought signals. Valuation support is limited due to a negative P/E and no dividend yield data.
To see Spark’s full report on TSE:NEXG stock, click here.
More about Treasury Metals
NexGold Mining Corp. is a Toronto-based mineral exploration and development company focused on advancing its Goliath Gold Complex in Ontario, which includes the Goliath, Goldlund and Miller deposits. The company is engaged in defining and expanding open-pit mineable gold resources through extensive diamond drilling, targeting both infill and step-out opportunities to enhance resource confidence and project economics in a competitive junior gold mining sector.
Average Trading Volume: 762,779
Technical Sentiment Signal: Buy
Current Market Cap: C$306.8M
Learn more about NEXG stock on TipRanks’ Stock Analysis page.