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The latest update is out from White Metal Resources ( (TSE:TGOL) ).
Thunder Gold Corp. has released its maiden mineral resource estimate for the Tower Mountain Gold Property, outlining an indicated resource of 34.5 million tonnes grading 0.46 g/t gold for 514,000 ounces and an inferred resource of 211.1 million tonnes grading 0.45 g/t gold for 3,053,000 ounces, all contained within an optimized open-pit shell. The estimate, prepared by Micon International, highlights a low strip ratio, competitive discovery costs, and confirms the presence of a large, continuous intrusion-related gold system focused along only 20% of the Tower Mountain Intrusive Complex contact, leaving substantial exploration upside. Management says the pit design provides operational flexibility through selective cut-off strategies and stockpiling, while initial environmental test work indicating net acid-neutralizing mineralization supports a favourable permitting profile. The new resource will guide Thunder Gold’s 2026 work program, which will prioritize converting inferred resources to higher confidence categories, expanding the resource within and adjacent to the current pit, advancing metallurgical test work, and launching environmental baseline studies, with the goal of delivering an updated resource and initial economic study in 2027 to further de-risk and advance the project toward development.
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 primarily weighed down by weak financial performance, driven by no revenue, persistent losses, and continued negative operating/free cash flow. The main offset is a low-risk capital structure with zero debt and growing equity. Technicals provide some support from an improving trend above major moving averages, but overbought signals add near-term risk, and valuation support is limited 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 Canadian mineral exploration company focused on gold, with its flagship 100%-owned Tower Mountain Gold Property located near Thunder Bay, Ontario. The company targets intrusion-related gold deposits and is advancing Tower Mountain as an open-pit development project, leveraging its proximity to established public infrastructure to support potential future mine development and processing operations.
Average Trading Volume: 172,104
Technical Sentiment Signal: Buy
Current Market Cap: C$18.9M
For an in-depth examination of TGOL stock, go to TipRanks’ Overview page.