Andean Silver Expands Mineralization at Cerro Bayo Project

Mitre Mining Corporation Limited ( (AU:ASL) ) has shared an announcement.

Andean Silver Limited has announced significant drilling results at its Cerro Bayo Silver-Gold Project in Chile, extending known mineralization beyond current resources. The drilling has led to new near-mine discoveries, enhancing the potential for low-cost resource growth. The company plans to update its resource estimates in the first half of 2026, with ongoing drilling efforts aimed at converting inferred resources to measured and indicated categories. The strategic location of these mineral extensions near processing facilities is expected to result in substantial cost savings for future mining activities. With a strong cash position following recent capital raising, Andean is well-equipped to accelerate its drilling programs and transition towards becoming a producer, promising significant shareholder value in a market with a structural silver deficit.

The most recent analyst rating on (AU:ASL) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Mitre Mining Corporation Limited stock, see the AU:ASL Stock Forecast page.

More about Mitre Mining Corporation Limited

Andean Silver Limited, trading as ASX: ASL and OTCQX: ADSLF, is a company focused on silver and gold mining. Its primary project is the Cerro Bayo Silver-Gold Project in Chile, where it aims to expand and upgrade its mineral resources. The company is strategically positioned with existing infrastructure and a favorable market outlook, particularly given the structural deficit in the silver market.

Average Trading Volume: 1,637,440

Technical Sentiment Signal: Buy

Current Market Cap: A$352.4M

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