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White Metal Resources ( (TSE:TGOL) ) has issued an update.
Thunder Gold Corp announced the results of its Phase One drill program at the Tower Mountain Gold Property, revealing that the high-grade gold target plunges southeast. The program completed nine holes, with eight intersecting low-grade gold values, and deferred 800 meters to Phase Two due to safety concerns. The results align with historical data, supporting the potential for increased mineralization at the site. The company plans to resume drilling in June, targeting additional areas with promising historical results.
Spark’s Take on TSE:TGOL Stock
According to Spark, TipRanks’ AI Analyst, TSE:TGOL is a Neutral.
The overall score reflects significant financial performance challenges, particularly the lack of revenue and negative cash flows. Positive corporate events and mixed technical indicators slightly offset these weaknesses. However, the negative valuation metrics and lack of earnings guidance remain key concerns. The company’s strategic initiatives could improve its market position if successful, but financial sustainability issues are predominant.
To see Spark’s full report on TSE:TGOL stock, click here.
More about White Metal Resources
Thunder Gold Corp, formerly known as White Metal Resources Corp, operates in the mining industry, focusing on gold exploration. The company owns the Tower Mountain Gold Property located in the Shebandowan Greenstone Belt near Thunder Bay, Ontario.
Average Trading Volume: 119,146
Technical Sentiment Signal: Buy
Current Market Cap: C$14.79M
For a thorough assessment of TGOL stock, go to TipRanks’ Stock Analysis page.