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Kootenay Silver ( (TSE:KTN) ) has issued an update.
Kootenay Silver reported new assay results from nine additional drill holes in its ongoing 50,000-metre drill program at the Columba project in Chihuahua, aimed at expanding the existing high-grade silver resource that remains open in all directions. The latest holes, which tested the D Vein and the Lupe/B2 vein systems at roughly 100-metre step-outs, delivered multiple high-grade silver intercepts and broad mineralized envelopes, confirming that these structures continue at depth and along strike and demonstrate strong potential for both increased tonnage and grade. These results reinforce Columba’s growth potential and suggest further resource expansion could enhance Kootenay’s project economics and strategic standing in the silver exploration sector, although the company noted that unusually long assay turnaround times are slowing the pace of reporting.
The most recent analyst rating on (TSE:KTN) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Kootenay Silver stock, see the TSE:KTN Stock Forecast page.
Spark’s Take on TSE:KTN Stock
According to Spark, TipRanks’ AI Analyst, TSE:KTN is a Neutral.
The score is held back mainly by weak financial performance (no revenue, ongoing losses, and worsening free cash flow burn), partially offset by strong technical momentum and a positive exploration catalyst from recent drilling results. Valuation is also constrained by negative earnings and no stated dividend support.
To see Spark’s full report on TSE:KTN stock, click here.
More about Kootenay Silver
Kootenay Silver Inc. is a mineral exploration company focused on high-grade silver projects, with its flagship Columba High Grade Silver Project located in Chihuahua, Mexico. The company is advancing a large, vein-hosted silver system at Columba, which currently has an inferred mineral resource estimate of 54.1 million ounces of silver, positioning it as a significant player in the silver exploration space in Mexico.
Average Trading Volume: 445,137
Technical Sentiment Signal: Buy
Current Market Cap: C$200.4M
See more data about KTN stock on TipRanks’ Stock Analysis page.