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An update from Stellar AfricaGold ( (TSE:SPX) ) is now available.
Stellar AfricaGold Inc. has reported significant assay results from its initial drill hole at the Tichka Est Gold Project in Morocco, revealing multiple wide high-grade gold zones. The first drill hole intersected 13 meters of 6.12 g/t gold, including a section with 22.28 g/t gold, and 16 meters of 1.98 g/t gold, with drilling operations continuing despite some logistical challenges. These results confirm the presence of a promising gold system, encouraging the expansion of the drilling program to further explore the Zone B gold discovery and test additional targets within the permit area.
Spark’s Take on TSE:SPX Stock
According to Spark, TipRanks’ AI Analyst, TSE:SPX is a Underperform.
Stellar AfricaGold’s overall score is low due to severe financial difficulties, including negative earnings and equity. Despite some positive corporate events and ongoing exploration projects, the bearish technical indicators and poor valuation metrics significantly impact the stock’s potential performance.
To see Spark’s full report on TSE:SPX stock, click here.
More about Stellar AfricaGold
Stellar AfricaGold Inc. is a company engaged in the exploration and development of gold projects. It operates primarily in the mining industry, focusing on discovering and advancing gold deposits, with a particular emphasis on the Tichka Est Gold Project in Morocco.
Average Trading Volume: 202,012
Technical Sentiment Signal: Buy
Current Market Cap: C$8.2M
For a thorough assessment of SPX stock, go to TipRanks’ Stock Analysis page.