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TomaGold ( (TSE:LOT) ) just unveiled an announcement.
TomaGold reported strong initial drill results from its Berrigan Mine project in Québec, with hole TOM-25-009 returning 6.68% ZnEq over 48.05 metres, including a very high-grade interval of 39.03% ZnEq over 2.90 metres, and a second mineralized zone grading 5.44% ZnEq over 15.20 metres. A second hole, TOM-25-010, intersected 2.67% ZnEq over 48.30 metres, while five additional holes testing lateral and depth extensions are still pending assays. The company also identified a significant hydrothermal footprint above the main mineralized zones, expanding the interpreted mineralized envelope and offering clearer guidance for further drilling. Ongoing borehole EM work, integration of geophysical and assay data, and an upcoming field program are expected to refine targets and support a second-phase drill campaign, highlighting the growing exploration potential and scale of the Berrigan polymetallic system for stakeholders.
Spark’s Take on TSE:LOT Stock
According to Spark, TipRanks’ AI Analyst, TSE:LOT is a Underperform.
TomaGold is currently in a challenging financial position, with severe issues in revenue generation and cash flow. While recent exploration findings are promising, they remain speculative and have yet to translate into financial improvement. The technical indicators show bearish trends, and the valuation metrics highlight ongoing profitability issues. Strategic improvements in exploration might offer future potential, but substantial risks remain.
To see Spark’s full report on TSE:LOT stock, click here.
More about TomaGold
TomaGold Corporation is a mineral exploration company focused on gold-bearing polymetallic deposits in the Chibougamau mining camp in Québec. The company advances projects such as the Berrigan Mine through drilling, geophysical surveys and data-driven exploration, including AI-assisted geological modeling, with the aim of defining economically viable mineral resources in ultramafic rock-hosted systems.
Average Trading Volume: 424,858
Technical Sentiment Signal: Buy
Current Market Cap: C$10.79M
See more data about LOT stock on TipRanks’ Stock Analysis page.