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TomaGold ( (TSE:LOT) ) has issued an announcement.
TomaGold has launched a 1,500‑metre Phase 2 diamond drilling program at its Berrigan Mine project in Québec’s Chibougamau Mining Camp, targeting extensions of five previously drilled holes to test the newly outlined Berrigan Deep Zone. The campaign follows strong Phase 1 intercepts, including 98.50 metres grading 5.08% ZnEq in hole TOM‑25‑015, and aims to probe modeled conductive plates at depth, which management believes could substantially expand known mineralization and strengthen the project’s potential within the regional polymetallic mining camp.
Building on detailed geological and geophysical modeling, the new drill holes are designed both to deepen existing mineralized structures and to evaluate additional exploration targets generated from recent work. Successful results from this phase could materially advance the Berrigan Mine toward a more defined resource base, improving TomaGold’s asset pipeline and potentially enhancing its competitive position among Québec-focused exploration players.
The most recent analyst rating on (TSE:LOT) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on TomaGold stock, see the TSE:LOT Stock Forecast page.
Spark’s Take on LOT Stock
According to Spark, TipRanks’ AI Analyst, LOT is a Neutral.
The score is constrained primarily by very weak financial performance (no revenue, recurring losses, sustained cash burn, and negative equity). Technicals are only mildly supportive with mixed trend signals and subdued momentum, while valuation provides limited help due to the negative P/E and no dividend.
To see Spark’s full report on LOT stock, click here.
More about TomaGold
TomaGold Corporation is a mineral exploration company focused on precious and base metals projects in Québec, particularly within the Chibougamau Mining Camp. The company advances early-stage and historical mine properties through systematic drilling and geological modeling to define mineral resources and enhance project value for investors.
Average Trading Volume: 444,123
Technical Sentiment Signal: Buy
Current Market Cap: C$19.25M
See more insights into LOT stock on TipRanks’ Stock Analysis page.