Thunder Gold: Maintaining Buy Rating on New Near-Surface Discovery and Expanded District-Scale Upside

Atrium Research analyst Riley Venton maintained a Buy rating on Thunder Gold yesterday and set a price target of C$0.60.

Riley Venton has given his Buy rating due to a combination of factors linked to Thunder Gold’s recent drilling success and land consolidation. The new at-surface gold discovery at the Star Target, roughly 500 metres west of the existing resource pit, shows mineralized intervals and grades that align closely with those seen in the current resource area, indicating meaningful potential to expand the overall resource base.

The company’s enlarged land position around the Tower Mountain Project further increases the scope for additional discoveries in largely untested ground, reinforcing the long-term growth profile. With the remainder of the year’s drilling aimed at tightening up and extending the existing resource, Venton views the combination of near-surface mineralization, step-out success, and district-scale upside as supportive of maintaining a Buy recommendation and a $0.60 per share target price.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TGOL in relation to earlier this year.