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Andina Copper ( (TSE:ANDC) ) has shared an announcement.
Andina Copper reported a substantial copper-gold-silver intercept at its Piuquenes East target in Argentina, with hole PIU09 cutting 126 metres grading 0.46% copper, 0.53 grams per tonne gold and 2.14 grams per tonne silver within a broader 402-metre mineralized interval. The results extend the vertical extent of the mineralized envelope, highlight increasing gold grades and veining intensity at depth, and confirm a vertically extensive, gold-rich porphyry system within the Piuquenes-Altar cluster.
Geological observations from PIU09, including strong sericitic overprint on potassic alteration and abundant chalcopyrite- and bornite-bearing veins, suggest potential for a preserved potassic, gold-rich core at deeper levels. Follow-up drilling with hole PIU11 is now under way to test the northern continuity of the system and key geophysical anomalies, while a second rig is drill-testing a discrete magnetotelluric target at Piuquenes North, underscoring an aggressive campaign to refine the district-scale porphyry model and expand mineralization.
The most recent analyst rating on (TSE:ANDC) stock is a Hold with a C$0.77 price target. To see the full list of analyst forecasts on Andina Copper stock, see the TSE:ANDC Stock Forecast page.
Spark’s Take on ANDC Stock
According to Spark, TipRanks’ AI Analyst, ANDC is a Neutral.
The score is primarily held down by weak financial performance (no revenue, ongoing losses, and sustained cash burn), with valuation also constrained by negative earnings (negative P/E). Technicals provide partial support due to a strong trend and positive MACD, but overbought signals temper that benefit.
To see Spark’s full report on ANDC stock, click here.
More about Andina Copper
Andina Copper Corp. is a mineral exploration company focused on copper, gold and silver projects, with its flagship Piuquenes Cu-Au-Ag project located in San Juan Province, Argentina. The company targets large porphyry systems and is advancing a cluster of deposits and prospects, including Piuquenes East, Central and North, within a broader copper-gold district.
Average Trading Volume: 734,578
Technical Sentiment Signal: Buy
Current Market Cap: C$175.4M
For detailed information about ANDC stock, go to TipRanks’ Stock Analysis page.