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Targa Exploration Corp. ( (TSE:TEX) ) has provided an announcement.
Targa Exploration Corp. announced updates from its diamond drilling program at the Opinaca Gold Project in Quebec, highlighting the discovery of visible gold in drill hole 25OPDD007. This marks the first occurrence of visible gold at the site, previously only found in surface samples, indicating potential for significant gold deposits. The drilling program, nearing completion, has reached a total of 3,272 meters, with final assay results expected by year-end. This discovery could enhance Targa’s positioning in the gold exploration industry, potentially impacting stakeholders positively if assay results confirm substantial gold presence.
Spark’s Take on TSE:TEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:TEX is a Underperform.
Targa Exploration Corp.’s financial instability, demonstrated by a lack of revenue and negative cash flow, heavily impacts its stock score. Weak technical indicators and an unattractive valuation further depress the score, suggesting significant risk for potential investors.
To see Spark’s full report on TSE:TEX stock, click here.
More about Targa Exploration Corp.
Targa Exploration Corp. is a Canadian exploration company focused on acquiring, exploring, and developing gold mineral properties. Headquartered in Vancouver, British Columbia, its principal asset is the Opinaca Gold Project, where a significant gold-in-till anomaly has been identified over a 7km strike length.
Average Trading Volume: 38,823
Technical Sentiment Signal: Sell
Current Market Cap: C$7.44M
For an in-depth examination of TEX stock, go to TipRanks’ Overview page.