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Spanish Mountain Gold ( (TSE:SPA) ) has shared an update.
Spanish Mountain Gold reported further assay results from its 2025 Fall Diamond Drill program at the Spanish Mountain Gold project, highlighting six new holes from the Orca Fault trend and five from the A12 target. The latest drilling in the southeastern extension of the Orca Fault has extended the target’s strike length to over 500 metres and returned numerous higher-grade gold intercepts, including 40 metres grading 0.98 g/t gold and 74.35 metres grading 0.66 g/t gold with higher-grade subsets. Management says tighter drill spacing and a preferred 120-degree drilling azimuth are improving geological understanding and demonstrating continuity of higher-grade mineralization in the Main deposit, potentially enhancing the project’s resource quality and supporting future development plans.
The most recent analyst rating on (TSE:SPA) stock is a Buy with a C$0.40 price target. To see the full list of analyst forecasts on Spanish Mountain Gold stock, see the TSE:SPA Stock Forecast page.
Spark’s Take on TSE:SPA Stock
According to Spark, TipRanks’ AI Analyst, TSE:SPA is a Neutral.
Spanish Mountain Gold’s overall stock score reflects the financial challenges typical of early-stage mining companies, with no current revenue and significant losses. However, the strong equity base and positive corporate developments, including new listings and strategic partnerships, provide a foundation for potential future growth. Technical indicators suggest a cautiously optimistic short-term trend, though valuation remains a concern given the negative earnings and lack of dividend yield.
To see Spark’s full report on TSE:SPA stock, click here.
More about Spanish Mountain Gold
Spanish Mountain Gold Ltd. is a Canadian mineral exploration and development company focused on advancing its Spanish Mountain Gold project in the Cariboo Gold Corridor of British Columbia. The company is targeting open-pittable, bulk-tonnage gold mineralization and is currently concentrating on expanding and defining higher-grade zones within its Main deposit, including the newly defined Orca Fault target area.
YTD Price Performance: 180.0%
Average Trading Volume: 826,489
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$137.4M
For an in-depth examination of SPA stock, go to TipRanks’ Overview page.