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.

While we acknowledge the potential of EQX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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