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Westward Gold Inc ( (TSE:WG) ) has issued an update.
Westward Gold Inc. has commenced pre-drilling activities at its Toiyabe Hills Property, following approval from the U.S. Bureau of Land Management. The company plans a 5,000-metre drilling campaign at the Campfire Target Complex, with drilling expected to begin in mid-June. This campaign is part of a broader exploration strategy to identify potential gold deposits along the Hilltop Corridor, a structural feature believed to be conducive to gold deposition. The company aims to advance other potential target areas and will provide regular updates as the drilling progresses.
Spark’s Take on TSE:WG Stock
According to Spark, TipRanks’ AI Analyst, TSE:WG is a Neutral.
Westward Gold Inc.’s overall score reflects its status as an exploration-stage company with no revenue yet strong financial backing. The absence of debt and successful fundraising efforts are strong points, offset by the lack of earnings and reliance on external financing. Technical indicators suggest cautious optimism, and recent corporate events positively impact the company’s growth outlook.
To see Spark’s full report on TSE:WG stock, click here.
More about Westward Gold Inc
Westward Gold Inc. operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in exploring and developing gold deposits, with a market focus on the Toiyabe Hills Property in Lander County, Nevada.
Average Trading Volume: 191,419
Technical Sentiment Signal: Buy
Current Market Cap: C$14.48M
Find detailed analytics on WG stock on TipRanks’ Stock Analysis page.