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Rokmaster Resources ( (TSE:RKR) ) has issued an announcement.
Rokmaster Resources has secured a two-year extension to its Multi-year Area Based Exploration Permit for the southern portion of the Duncan Lake Project in southeastern British Columbia, covering the No.3, No.2 and No.1 Zones as well as underexplored ground south of the historic Duncan Mine. The renewed permit allows up to 26 drill sites and 15 trenches, enabling the company to advance multiple drill-ready zinc and silver targets that have already returned strong Zn-Pb-Ag grades from trenching and channel sampling.
The company also holds a separate exploration permit north of the Duncan Mine, where historical and 2022 drilling have intersected the northern extension of the Duncan Anticline with higher zinc-lead-silver grades than those previously seen at the mine. Management views the extended permits and favourable location near a major smelting complex as key to rapidly testing large-scale critical metals targets and potentially enhancing Rokmaster’s position in the zinc and silver exploration space.
The most recent analyst rating on (TSE:RKR) stock is a Hold with a C$0.07 price target. To see the full list of analyst forecasts on Rokmaster Resources stock, see the TSE:RKR Stock Forecast page.
Spark’s Take on RKR Stock
According to Spark, TipRanks’ AI Analyst, RKR is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing losses/cash burn, and negative equity with rising debt). Technicals are a relative positive with a strong uptrend and positive momentum, but valuation support is limited due to negative earnings and no dividend yield data.
To see Spark’s full report on RKR stock, click here.
More about Rokmaster Resources
Rokmaster Resources is a Canadian mineral exploration company focused on critical metals, primarily zinc, with additional potential for high-grade silver. Its flagship Duncan Lake Project in southeastern British Columbia benefits from extensive road access and proximity to the Trail Smelter, a major zinc and lead smelting and refining complex, supporting future development optionality.
Average Trading Volume: 173,342
Technical Sentiment Signal: Hold
Current Market Cap: C$8.92M
For an in-depth examination of RKR stock, go to TipRanks’ Overview page.