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An announcement from Alianza Minerals ( (TSE:SNAG) ) is now available.
Silver North Resources Ltd. has successfully secured a grant from the Yukon Mineral Exploration Program for its Veronica claims, which are part of the GDR project in the Silvertip area of southern Yukon Territory. This grant will provide up to $30,000 to support exploration activities aimed at investigating a significant silver-lead-zinc soil anomaly. The funding will help further soil geochemical sampling, mapping, and prospecting efforts, with the field program expected to commence in late July 2025.
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 mining company focused on the exploration and development of high-grade silver-lead-zinc mineralization projects. Its primary assets include the Haldane Silver Project and the Tim Project, with operations in regions known for significant mineral deposits.
Average Trading Volume: 60,586
Technical Sentiment Signal: Buy
Current Market Cap: C$7.16M
See more insights into SNAG stock on TipRanks’ Stock Analysis page.