Shares of Arizona Metals Corp , a Canadian gold explorer, could more-than double, according to analysts at Scotiabank — and their price target is more conservative than most. The investment bank reiterated its bullish stance on the mining company after it released new drilling results from its Kay Mine Project, located 45 miles north of Phoenix, Arizona, in the United States. The results suggest the presence of high-grade copper and gold mineralization within the drilled areas, which could potentially lead to the discovery of a significant mineral resource. Scotiabank believes the company has completed 106,000 meters of drilling on the Kay property and remains well-funded, with $31 million in cash at the end of last year to complete the remaining 53,000 meters of the drill program. “We are positively encouraged by the latest drilling results from Kay as they continue to return high-grade polymetallic intercepts in targets areas…
Canadian gold explorer’s stock could double, Scotiabank says of Arizona Metals AMC
Date:
More like thisRelated
Tampa RV giant Lazydays to delist from Nasdaq
Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...
Granite Geek: New Hampshire might get access to ‘balcony solar’
I had solar panels put on my roof six...
TSX Today: What to Watch for in Stocks on Monday, November 10
Despite firm gold and silver prices, Canadian stocks...
While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!
As market-wide fear grips the sector, the Binance Coin...