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Mitre Mining Corporation Limited ( (AU:ASL) ) has issued an update.
Andean Silver Limited has announced significant high-grade silver and gold drilling results from its Cerro Bayo Silver-Gold Project in Chile, well outside the current mineral resources. The drilling program, involving three surface rigs, has identified numerous extensions to known mineralization and new discoveries, highlighting the potential for substantial growth in the Cerro Bayo resource. This development is part of Andean’s strategy to expand its resource base and upgrade resources to the Measured and Indicated categories, supporting future economic studies and the company’s transition from explorer to producer.
The most recent analyst rating on (AU:ASL) stock is a Buy with a A$3.80 price target. To see the full list of analyst forecasts on Mitre Mining Corporation Limited stock, see the AU:ASL Stock Forecast page.
More about Mitre Mining Corporation Limited
Andean Silver Limited, listed on ASX and OTCQX, is engaged in silver and gold exploration and mining. The company focuses on expanding and upgrading its Cerro Bayo Silver-Gold Project in Chile, aiming to transition from an explorer to a producer.
Average Trading Volume: 1,357,382
Technical Sentiment Signal: Hold
Current Market Cap: A$396.2M
For a thorough assessment of ASL stock, go to TipRanks’ Stock Analysis page.