AbraSilver Uncovers Significant Gold and Copper Potential at Diablillos Project

The latest update is out from AbraSilver Resource ( (TSE:ABRA) ).

AbraSilver Resource Corp. announced significant assay results from its Phase V exploration program at the Diablillos project in Argentina. The results from drill hole DDH 25-085 at Oculto East revealed a broad 274-meter interval grading 0.60 g/t gold, including a high-grade 23-meter section grading 2.83 g/t gold, along with copper and molybdenum mineralization. These findings suggest the presence of a substantial porphyry system, indicating strong potential for further resource expansion beyond the current oxide mineral resources. The results enhance the geological model and highlight the exploration potential across the property, reinforcing the company’s view of a larger precious and base metal system.

The most recent analyst rating on (TSE:ABRA) stock is a Buy with a C$9.00 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 and base metal projects, primarily in Argentina. The company is engaged in the exploration of gold, silver, copper, and molybdenum, with a significant focus on its Diablillos project.

Average Trading Volume: 563,646

Technical Sentiment Signal: Buy

Current Market Cap: C$1.54B

See more insights into ABRA stock on TipRanks’ Stock Analysis page.