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Mitre Mining Corporation Limited ( (AU:ASL) ) has shared an update.
Andean Silver Limited has reported significant progress in its Cerro Bayo project in Chile, with initial drilling at the Main Temer lode revealing thick, high-grade silver-gold mineralization. The discovery of additional vein swarms near the processing facility indicates further potential for resource expansion. The company’s strategy has resulted in a 340% increase in resources within 18 months of acquiring the project, supported by a recent A$30 million funding placement. These developments underscore Andean’s commitment to enhancing its exploration pipeline and delivering substantial resource growth.
The most recent analyst rating on (AU:ASL) stock is a Buy with a A$3.80 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 is a company operating in the mining industry, focusing on the exploration and development of silver and gold resources. The company is actively engaged in the Cerro Bayo epithermal silver-gold project in Chile, aiming to expand its resource base through strategic drilling and exploration activities.
Average Trading Volume: 1,363,288
Technical Sentiment Signal: Hold
Current Market Cap: A$397.2M
Find detailed analytics on ASL stock on TipRanks’ Stock Analysis page.