Great Southern Copper Expands High-Grade Mineralisation at Cerro Negro

The latest announcement is out from Great Southern Copper PLC ( (GB:GSCU) ).

Great Southern Copper PLC has announced significant progress in its Phase III drilling campaign at the Cerro Negro project in Chile, with the discovery of new high-grade copper-silver mineralisation. The drilling has revealed new chalcocite-rich lenses, indicating a potential ‘stacked’ system that expands the scale of the Mostaza deposit. The results include high-grade intervals with copper and silver assays, and the discovery of new mineralised lenses suggests a structurally-controlled, repeated lens system. This development enhances the potential scale of the deposit and provides clear directions for ongoing drilling, reinforcing the company’s confidence in the growing potential of the Cerro Negro mineralised trend.

Spark’s Take on GB:GSCU Stock

According to Spark, TipRanks’ AI Analyst, GB:GSCU is a Neutral.

The overall stock score is impacted heavily by the company’s challenging financial performance due to no revenue and negative cash flows, despite a strong equity position. Positive technical trends and encouraging corporate events contribute positively, but financial instability remains a key concern. The absence of valuation data further complicates the investment thesis.

To see Spark’s full report on GB:GSCU stock, click here.

More about Great Southern Copper PLC

Great Southern Copper PLC is a company focused on copper-gold-silver exploration in Chile. The company is engaged in advancing its exploration projects, particularly at the Cerro Negro prospect, with a strong emphasis on discovering and expanding high-grade mineral deposits.

Average Trading Volume: 2,329,036

Technical Sentiment Signal: Sell

Current Market Cap: £17.22M

For a thorough assessment of GSCU stock, go to TipRanks’ Stock Analysis page.