Harvest Gold Resumes Drilling at Mosseau Property

Harvest Gold ( (TSE:HVG) ) has shared an announcement.

Harvest Gold Corporation announced the resumption of diamond drilling in the central area of its Mosseau property, part of its flagship project in the Urban Barry Belt, Quebec. The central area, which has seen less exploration, is now accessible with new roads and drill pads prepared. The company plans to drill approximately 2,800 meters in this area as part of its 5,000-meter drill program. Assay results from the northern area are expected soon, and the fall exploration program on the southern part of Mosseau and Labelle properties is underway. This development is crucial for Harvest Gold’s exploration efforts, potentially enhancing its position in the mining industry and impacting stakeholders positively.

Spark’s Take on TSE:HVG Stock

According to Spark, TipRanks’ AI Analyst, TSE:HVG is a Neutral.

Harvest Gold’s overall stock score of 52 reflects a challenging financial situation with no revenue and ongoing losses. However, positive technical indicators and strategic corporate events provide some optimism. The stock’s unattractive valuation further limits its appeal. Improvements in financial performance and successful exploration outcomes are needed for a more favorable stock outlook.

To see Spark’s full report on TSE:HVG stock, click here.

More about Harvest Gold

Harvest Gold Corporation is focused on exploring near-surface gold deposits in politically stable mining jurisdictions. The company has three active gold projects in the Urban Barry area of the Quebec Abitibi, covering 377 claims over 20,016.87 hectares. These projects are located approximately 45-70 km west of Gold Fields Limited’s Windfall Deposit. Harvest Gold is committed to developing positive relationships with local Indigenous communities.

Average Trading Volume: 162,948

Technical Sentiment Signal: Hold

Current Market Cap: C$7.05M

Find detailed analytics on HVG stock on TipRanks’ Stock Analysis page.