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Alianza Minerals ( (TSE:SNAG) ) just unveiled an announcement.
Silver North Resources Ltd. has completed its initial exploration program at the Veronica Property, part of the GDR Project in the Yukon Territory. The program, partially funded by a government grant, involved prospecting, mapping, and sampling to assess the potential for high-grade silver-lead-zinc mineralization similar to the nearby Silvertip Mine. Preliminary findings suggest promising indicators of mineralization, with analytical results expected in October, potentially marking a significant advancement for the property.
Spark’s Take on TSE:SNAG Stock
According to Spark, TipRanks’ AI Analyst, TSE:SNAG is a Neutral.
Alianza Minerals is significantly challenged by financial weaknesses, including no revenue and continuous losses, overshadowing its debt-free balance sheet. Despite positive technical indicators, the poor valuation and reliance on external funding limit the stock’s overall attractiveness. Strategic efforts and project developments are crucial to improving its financial health and investor appeal.
To see Spark’s full report on TSE:SNAG stock, click here.
More about Alianza Minerals
Silver North Resources Ltd. is a company focused on the exploration and development of silver properties. Its primary assets include the Haldane Silver Project, the Tim Silver Project, and the GDR project, all located in favorable mining jurisdictions. The company is listed on the TSX Venture Exchange, OTCQB market, and the Frankfurt Stock Exchange.
Average Trading Volume: 176,422
Technical Sentiment Signal: Buy
Current Market Cap: C$12.28M
Learn more about SNAG stock on TipRanks’ Stock Analysis page.