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White Gold ( (TSE:WGO) ) has issued an update.
White Gold Corp. announced promising assay results from its 2025 diamond drilling program at the Golden Saddle deposit, part of its White Gold Property in Yukon. The results revealed high-grade gold mineralization, including a significant intersection of 6.89 g/t gold over 50.2 meters in the Main Zone, enhancing the resource estimate and confirming continuity in the footwall and hanging wall zones. This development underscores the potential for resource expansion and positions the project as one of Canada’s highest-grade undeveloped open-pittable gold deposits, with further exploration results anticipated.
Spark’s Take on TSE:WGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:WGO is a Neutral.
The stock’s overall score is primarily affected by challenging financial performance due to lack of revenue and profitability. However, technical indicators show positive momentum, and promising drilling results suggest potential growth opportunities. The negative P/E ratio and absence of a dividend yield present valuation challenges, but corporate developments offer a hopeful outlook.
To see Spark’s full report on TSE:WGO stock, click here.
More about White Gold
White Gold Corp. operates in the mining industry, focusing on gold exploration and development. The company is known for its flagship White Gold project in the Yukon, which hosts several near-surface gold deposits with significant expansion potential. White Gold Corp. collaborates with strategic partners like Agnico Eagle Mines Limited to advance its projects.
Average Trading Volume: 1,113,182
Technical Sentiment Signal: Buy
Current Market Cap: C$179.9M
See more insights into WGO stock on TipRanks’ Stock Analysis page.