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Kootenay Silver ( (TSE:KTN) ) has provided an update.
Kootenay Silver reported new assay results from nine drill holes at its Columba High Grade Silver Project in Chihuahua, Mexico, as part of a larger 50,000-metre drill campaign aimed at expanding the existing 54.1-million-ounce inferred silver resource. The latest drilling on the D Vein and Lupe/B2 vein systems confirms mineralization remains open at depth and along strike, with several wide intercepts and locally very high silver and base metal grades, including high-grade “blind” and hangingwall structures that suggest potential for additional resource growth. These results support the company’s strategy of systematically stepping out from known structures on roughly 100-metre centres, reinforcing Columba’s potential scale and continuity despite slower-than-normal assay turnaround times, and could strengthen Kootenay’s exploration profile if subsequent drilling continues to validate the high-grade, multi-vein corridor.
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 Canadian exploration company focused on discovering and advancing high-grade silver projects, with a core asset base in Mexico. Its flagship Columba High Grade Silver Project in Chihuahua targets extensive epithermal vein systems and is currently defined by an inferred mineral resource of 54.1 million ounces of silver, positioning the company as a junior miner with substantial exploration upside in a prolific silver-mining jurisdiction.
Average Trading Volume: 445,137
Technical Sentiment Signal: Buy
Current Market Cap: C$200.4M
See more insights into KTN stock on TipRanks’ Stock Analysis page.