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Snowline Gold Corp. ( (TSE:SGD) ) has issued an announcement.
Snowline Gold Corp. has announced a significant update to its Mineral Resource Estimate (MRE) for the Valley gold deposit within its Rogue Project in Yukon, Canada. The updated MRE reveals a 96% increase in measured and indicated gold ounces, totaling 7.94 million ounces. The resource remains open for expansion, with potential for additional high-grade gold zones. This development enhances the company’s position in the industry by de-risking the project and upgrading a majority of the known system into higher resource categories. The company is also progressing with a Preliminary Economic Assessment, which is expected to be completed soon, potentially impacting future mining operations and stakeholder interests.
The most recent analyst rating on (TSE:SGD) stock is a Buy with a C$17.50 price target. To see the full list of analyst forecasts on Snowline Gold Corp. stock, see the TSE:SGD Stock Forecast page.
More about Snowline Gold Corp.
Snowline Gold Corp. operates in the mining industry, focusing on gold exploration and development. The company is engaged in the exploration of gold deposits, primarily through its 100% owned Rogue Project located in the Yukon Territory, Canada.
Average Trading Volume: 170,332
Technical Sentiment Signal: Buy
Current Market Cap: C$1.25B
For an in-depth examination of SGD stock, go to TipRanks’ Stock Analysis page.