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An update from Northstar Gold ( (TSE:NSG) ) is now available.
Northstar Gold Corp. has announced the identification of a high-grade copper exploration target at the historic Cam Copper Mine, located at the Miller Copper-Gold Property in Ontario. The newly defined No. 2 Zone is projected to contain between 75,000 and 140,000 tonnes of copper with an average grade of 12%. The company is collaborating with Novamera Inc. to incorporate these findings into a Surgical Mining™ Evaluation Study, which aims to bring the deposit into production with reduced environmental impacts. Additionally, Northstar plans to commission a NI43-101 compliant Technical Report and Mineral Resource Estimate to further assess the economic potential of the No. 2 Zone.
Spark’s Take on TSE:NSG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NSG is a Underperform.
Northstar Gold’s financial struggles, marked by no revenue and persistent losses, are major concerns impacting its stock score. Technical indicators show a bearish trend, adding to the negative outlook. Although the discovery of a new gold horizon offers some optimism, the poor valuation and financial performance weigh heavily on the overall score.
To see Spark’s full report on TSE:NSG stock, click here.
More about Northstar Gold
Northstar Gold Corp. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily involved in copper and gold exploration, with a market focus on high-grade mineral deposits.
Average Trading Volume: 282,025
Technical Sentiment Signal: Sell
Current Market Cap: C$3.24M
Find detailed analytics on NSG stock on TipRanks’ Stock Analysis page.