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White Metal Resources ( (TSE:TGOL) ) has issued an update.
Thunder Gold Corp. has filed an NI 43-101 Technical Report supporting the 2026 mineral resource estimate for its Tower Mountain Gold Property, located about 40 kilometres west of Thunder Bay, Ontario. The report, prepared by Micon International Limited and approved by President and CEO Wes Hanson as Qualified Person, is now available on the company’s website and on SEDAR+.
The Tower Mountain property covers 2,500 hectares around the largest exposed intrusive complex in the eastern Shebandowan Greenstone Belt, where historical drilling has outlined anomalous gold over a 1,500-metre strike length and to depths greater than 500 metres. By formalizing the resource estimate under NI 43-101, Thunder Gold reinforces the technical credibility and growth potential of Tower Mountain as a scalable, cost-effective gold project, underpinning its strategy to develop a long-life open-pit operation and enhance long-term value for shareholders and the regional mining sector.
The most recent analyst rating on (TSE:TGOL) stock is a Hold with a C$0.16 price target. To see the full list of analyst forecasts on White Metal Resources stock, see the TSE:TGOL Stock Forecast page.
Spark’s Take on TSE:TGOL Stock
According to Spark, TipRanks’ AI Analyst, TSE:TGOL is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow) despite a low-risk capital structure with no debt. Technicals provide meaningful support with strong trend and positive momentum, but near-overbought signals add risk. Valuation remains constrained by negative earnings and no dividend yield.
To see Spark’s full report on TSE:TGOL stock, click here.
More about White Metal Resources
Thunder Gold Corp. is a Canadian mineral exploration company focused on advancing its 100%-owned Tower Mountain Gold Property near Thunder Bay, Ontario. The project targets an emerging, large-scale intrusive-hosted gold system with potential for a long-life, open-pit mine, supported by low drilling costs, existing regional infrastructure and access to a skilled local workforce.
Average Trading Volume: 556,582
Technical Sentiment Signal: Buy
Current Market Cap: C$44.91M
See more data about TGOL stock on TipRanks’ Stock Analysis page.