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AbraSilver Resource ( (TSE:ABRA) ) has issued an announcement.
AbraSilver reported new Phase VI drill results from the Oculto East target at its Diablillos project in Argentina, highlighted by hole DDH 26-008, which returned 171 metres grading 0.83 g/t gold and 10.3 g/t silver, including a higher-grade 9-metre interval at 3.46 g/t gold. Additional holes, including DDH 26-006, intersected multiple near-surface mineralized zones, confirming broad oxide gold-silver mineralization beyond the current open-pit resource limits.
Management said the consistent, broad gold-dominant intercepts and embedded higher-grade intervals reinforce confidence in the scale and continuity of the Oculto East system. The latest drilling shows mineralization extending several hundred metres east of the existing pit margin and remaining open along strike and at depth, underscoring the potential for meaningful mineral resource expansion and supporting the company’s geological model for future project growth.
AbraSilver’s focus on Oculto East within the ongoing Phase VI program indicates a strategic push to enlarge the Diablillos resource base and strengthen the project’s development profile. For stakeholders, the expanding footprint of near-surface oxide mineralization may enhance the economic appeal of a potential open-pit operation, improving AbraSilver’s positioning among Andean gold-silver explorers as it continues to define scale at Diablillos.
The most recent analyst rating on (TSE:ABRA) stock is a Buy with a C$18.00 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 ABRA Stock
According to Spark, TipRanks’ AI Analyst, ABRA is a Neutral.
The score is primarily held down by weak financial performance (no revenue, worsening losses, and significant negative operating/free cash flow). Technical signals are mixed and not strong enough to outweigh fundamentals, while valuation provides limited support due to negative earnings and no dividend yield.
To see Spark’s full report on ABRA stock, click here.
More about AbraSilver Resource
AbraSilver Resource Corp. is a precious metals exploration company focused on advancing its wholly-owned Diablillos gold-silver project in Argentina’s Puna region. The flagship Oculto deposit is being explored through successive drill programs aimed at growing open-pit constrained mineral resources and enhancing the project’s development potential in the gold-silver sector.
The Diablillos property consists of multiple contiguous mineral concessions with road access in Salta Province near the Catamarca border. Since acquiring the project in 2016, AbraSilver has targeted oxide gold and silver mineralization at Oculto and surrounding zones to define a large, continuous system that could support future mining operations and bolster its position among Latin American exploration peers.
YTD Price Performance: 34.36%
Average Trading Volume: 918,899
Technical Sentiment Signal: Buy
Current Market Cap: C$2.29B
Learn more about ABRA stock on TipRanks’ Stock Analysis page.