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Alianza Minerals ( (TSE:SNAG) ) has issued an update.
Silver North Resources Ltd. announced the results of its 2024 drilling campaign at the Tim Property, confirming the presence of a Carbonate Replacement Deposit (CRD) system. The drilling, funded by Coeur Silvertip Holdings, revealed promising geological formations and mineralization, setting the stage for further exploration in 2025. This development enhances Silver North’s strategic positioning in the mining sector, potentially increasing its stake in the Tim Project and benefiting its shareholders.
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. operates in the mining industry, focusing on the exploration and development of mineral properties. The company’s primary focus is on silver, lead, and zinc deposits, with a significant interest in the Tim Property located in southern Yukon.
Average Trading Volume: 55,944
Technical Sentiment Signal: Buy
Current Market Cap: C$7.16M
See more insights into SNAG stock on TipRanks’ Stock Analysis page.