AbraSilver Reports Record Gold Intercept at Diablillos Project

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

AbraSilver Resource Corp. announced a significant discovery at its Diablillos project in Argentina, reporting its best-ever gold intercept from ongoing drilling efforts. The standout results from hole DDH 25-024, located east of the Oculto deposit, indicate a strong potential for expanding high-grade gold and silver mineralization. This discovery positions the area as a high-priority target for further exploration, potentially enhancing the company’s resource base and shareholder value.

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 drilling programs.

Average Trading Volume: 249,348

Technical Sentiment Signal: Buy

Current Market Cap: C$477.2M

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