AbraSilver Extends Gold Mineralization at Oculto East, Indicating Potential Resource Expansion

AbraSilver Resource ( (TSE:ABRA) ) has provided an update.

AbraSilver Resource Corp. has announced significant drill results from its Phase V exploration program at the Diablillos project in Argentina, particularly at the Oculto East target. The latest findings include a 42-meter interval of gold mineralization, indicating potential for resource expansion beyond the current conceptual open pit. This discovery suggests a continuation of the main Oculto mineralization and highlights the promising nature of the Oculto East zone. With three drill rigs in operation, the company is focused on defining the scale and geometry of this high-priority target, which could enhance its industry positioning and provide substantial growth opportunities.

The most recent analyst rating on (TSE:ABRA) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on AbraSilver Resource stock, see the TSE:ABRA Stock Forecast page.

Spark’s Take on TSE:ABRA Stock

According to Spark, TipRanks’ AI Analyst, TSE:ABRA is a Neutral.

AbraSilver Resource’s overall score is heavily impacted by its financial struggles, particularly the lack of revenue and negative cash flow. However, strong corporate events and some positive technical indicators provide potential upside. The negative valuation metrics continue to weigh on the overall attractiveness of the stock.

To see Spark’s full report on TSE:ABRA stock, click here.

More about AbraSilver Resource

AbraSilver Resource Corp. is a mining company focused on the exploration and development of precious metal projects, primarily gold and silver, in Argentina. The company is actively engaged in expanding its mineral resources through ongoing exploration programs.

Average Trading Volume: 277,894

Technical Sentiment Signal: Buy

Current Market Cap: C$880.2M

Learn more about ABRA stock on TipRanks’ Stock Analysis page.