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An announcement from White Metal Resources ( (TSE:TGOL) ) is now available.
Thunder Gold Corp. has launched a fully funded 5,000-metre Phase One resource definition drill program at its Tower Mountain Gold Property, scheduled to begin on February 1, 2026, with drilling concentrated along the western contact of the Tower Mountain Intrusive Complex to increase geological confidence in existing mineralization and potentially expand the resource base. The company expects completion of an independent mineral resource estimate by February 2026, plans detailed metallurgical work to optimize gold recoveries and process design, and aims to be positioned to initiate a combined resource update and scoping study by the fourth quarter of 2026, following a 2025 campaign that expanded mineralized footprints, confirmed internal geological models and demonstrated promising recoveries from metallurgical testing.
The most recent analyst rating on (TSE:TGOL) stock is a Hold with a C$0.07 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 down primarily by weak financial performance (no revenue, recurring losses, and ongoing cash burn). Technicals also lean bearish with the price below major moving averages and a negative MACD. The main offset is low balance-sheet risk from having no debt, while valuation provides limited support due to negative earnings and no dividend.
To see Spark’s full report on TSE:TGOL stock, click here.
More about White Metal Resources
Thunder Gold Corp. is a gold exploration company focused on advancing its 100%-owned Tower Mountain Gold Property, a 2,500-hectare project located near Thunder Bay, Ontario. The company targets broad, predictable gold mineralization supported by relatively low drilling costs and strong local infrastructure, positioning the project for potentially rapid and cost-effective exploration and development in a well-established Canadian mining jurisdiction.
Average Trading Volume: 148,525
Technical Sentiment Signal: Buy
Current Market Cap: C$17.64M
For a thorough assessment of TGOL stock, go to TipRanks’ Stock Analysis page.