Equinox Gold (EQX) Announces New AI-Supported Gold Discovery at Valentine Mine

Equinox Gold Corp. (NYSEAMERICAN:EQX) is one of the most undervalued gold stocks to buy according to analysts. On February 2, Equinox Gold announced a new AI-supported gold discovery at its Valentine Gold Mine in Canada, specifically identifying the Minotaur Zone and expanding the Frank Zone. Utilizing VRIFY’s AI-powered DORA software to analyze geological and structural data, the company identified Minotaur as a high-priority target 8 km from the existing mill, with initial drilling confirming mineralization over a 700-metre strike length that remains open in all directions.

High-grade results from this new zone include 2.68 g/t gold over 32 metres and surface samples reaching as high as 650 g/t gold, prompting a planned 15,000 to 20,000 metres of dedicated drilling for 2026. Simultaneously, drilling at the Frank Zone, located southwest of the Leprechaun open pit, has revealed continuous high-grade gold mineralization outside of currently defined resources, including intercepts such as 22.10 g/t gold over 6.3 metres and 3.12 g/t gold over 63.9 metres. These findings support the potential for a new open pit that could extend the mine’s current 14-year life.

Earlier on January 27, BMO Capital analyst Kevin O’Halloran increased the price target for Equinox Gold Corp. (NYSEAMERICAN:EQX) from C$20 to C$26 while keeping an Outperform rating.

Equinox Gold Corp. (NYSEAMERICAN:EQX) acquires, explores, develops, and operates mineral properties in the Americas. The company primarily explores gold and silver deposits.

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Disclosure: None. This article is originally published at Insider Monkey.