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AbraSilver Resource ( (TSE:ABRA) ) has shared an announcement.
AbraSilver has launched a fully funded 15,000-metre Phase VI diamond drilling program at its Diablillos silver-gold project in Argentina, targeting extensions of oxide mineralization at Oculto East, Oculto Northeast, Cerro Bayo, JAC and other key zones, as well as testing deeper sulphide and porphyry-style targets at Oculto Deep and Cerro Viejo. The new campaign, which includes first-pass drilling at the newly optioned Condoryacu area and follow-up at JAC, Sombra and Fantasma, is designed to expand and upgrade Mineral Resources beyond current conceptual open-pit limits and support longer-term growth beyond the upcoming Definitive Feasibility Study, which will incorporate Phase V drilling results and an updated Mineral Resource estimate, underlining Diablillos’ growing scale and potential for additional satellite deposits within the broader district.
The most recent analyst rating on (TSE:ABRA) stock is a Buy with a C$12.00 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 precious metals exploration and development company focused on advancing its wholly owned Diablillos silver-gold project in Argentina through systematic drilling, resource expansion and technical studies aimed at defining an economically viable open-pit mining operation.
Average Trading Volume: 539,302
Technical Sentiment Signal: Buy
Current Market Cap: C$1.82B
Learn more about ABRA stock on TipRanks’ Stock Analysis page.