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Eastfield Resources ( (TSE:ETF) ) has issued an update.
Star Copper Corp. and Eastfield Resources reported new diamond drilling results from the Indata project in British Columbia, with 2025 holes expanding the recently defined Area 74 and further testing the Lake Copper target. At Area 74, holes IN25-87 and IN25-89 intersected significant intervals of altered ultramafic rock mineralized with nickel and magnesium, followed by biotite-granite carrying copper, molybdenum, silver, antimony and locally gold, suggesting the presence of awaruite-style nickel mineralization analogous to mineralization being explored at the nearby Decar project and potentially adding a new nickel component to a property historically targeted for porphyry copper-gold-silver-molybdenum. At the Lake Copper target, hole IN25-88 returned multiple copper-gold intervals with a higher gold-to-copper ratio than earlier drilling, implying the possibility of distinct copper-gold mineralization populations and supporting a broader polymetallic potential at Indata that could enhance the project’s attractiveness to partners and investors.
The most recent analyst rating on (TSE:ETF) stock is a Hold with a C$0.08 price target. To see the full list of analyst forecasts on Eastfield Resources stock, see the TSE:ETF Stock Forecast page.
Spark’s Take on TSE:ETF Stock
According to Spark, TipRanks’ AI Analyst, TSE:ETF is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow), only partly offset by a low-leverage balance sheet. Technicals are a key support, showing strong upward momentum versus major moving averages, while valuation is mixed due to a negative P/E and no dividend data.
To see Spark’s full report on TSE:ETF stock, click here.
More about Eastfield Resources
Eastfield Resources Ltd. is a Vancouver-based mineral exploration company focused on copper, gold, silver, molybdenum and related metals, advancing early-stage porphyry and polymetallic projects in British Columbia through partnerships and option agreements, including the Indata property now under option to Star Copper Corp.
Average Trading Volume: 112,965
Technical Sentiment Signal: Buy
Current Market Cap: C$4.62M
See more insights into ETF stock on TipRanks’ Stock Analysis page.