Gold Zone Uncovered Beyond Pit Limits in Nevada Drilling Breakthrough
In a December 4 update, analyst Jeff Clark underscored the importance of the new step-out discovery at Fondaway Canyon, calling it “a brand-new, high-grade gold discovery in an untouched area” of the project. He highlighted that hole FCG25-36 delivered 110.2 gram-meters of gold, including 5.8 g/t over 19.0 meters with a subinterval of 12.9 g/t over 6.5 meters, and noted that the intercept extended mineralization 70 meters northwest into an undrilled corridor.
Clark emphasized that the highest-grade interval sits 35 meters outside the current pit shell and remains open in all directions, indicating the potential for future expansion of both the resource and pit geometry. He stated that the stock had risen on the results and reiterated his recommendation, writing “BUY; HOLD IF YOU OWN,” while adding that he maintained a full position. Clark also referenced Atrium Research’s reaffirmed Buy rating and CA$1.10 target as additional support for the project’s ongoing potential.
Source: https://www.streetwisereports.com/article/2025/12/09/gold-zone-uncovered-beyond-pit-limits-in-nevada-drilling-breakthrough.html
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