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TomaGold ( (TSE:LOT) ) has shared an announcement.
TomaGold has reported a major new deep semi-massive sulfide discovery at its Berrigan Mine project in Québec, with drill hole TOM-25-015 intersecting 5.75% zinc-equivalent over 98.5 metres at a depth greater than 450 metres, including several higher-grade sub-intervals. The company has designated this newly identified zone as “Berrigan Deep,” noting that it remains open at depth and may connect to historical mineralized intersections up to 1 km east, suggesting a potentially large mineralized system. A second drill hole, TOM-25-014, also extended the known mineralized vein system westward, reinforcing the broader structural and geological continuity of the deposit. TomaGold plans to launch a follow-up drilling program once outstanding assay and borehole electromagnetic survey results are received in early February, aiming to better define the extent of Berrigan Deep and refine its exploration strategy in the Chibougamau mining camp.
The most recent analyst rating on (TSE:LOT) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on TomaGold stock, see the TSE:LOT Stock Forecast page.
Spark’s Take on TSE:LOT Stock
According to Spark, TipRanks’ AI Analyst, TSE:LOT is a Neutral.
The score is primarily weighed down by weak financial performance (no revenue, ongoing operating losses, persistent negative free cash flow, and negative equity). Technicals provide partial support due to a strong uptrend and positive MACD, but overbought signals (high RSI/Stochastic) temper the outlook. Valuation is also constrained by a negative P/E and no dividend yield data.
To see Spark’s full report on TSE:LOT stock, click here.
More about TomaGold
TomaGold Corporation is a Canadian mineral exploration company focused on precious and base metals, notably gold and zinc, with key activities in the Chibougamau mining camp in Québec. The company advances exploration-stage mining projects such as the Berrigan Mine, targeting deeper mineralized systems using modern drilling, modelling and geophysical techniques to expand its resource potential in a historically productive region.
Average Trading Volume: 387,082
Technical Sentiment Signal: Buy
Current Market Cap: C$26.65M
See more data about LOT stock on TipRanks’ Stock Analysis page.