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Kootenay Silver ( (TSE:KTN) ) just unveiled an announcement.
Kootenay Silver reported new assay results from nine additional drill holes at its Columba high-grade silver project in Chihuahua, where a staged drill program now totals 17,000 meters completed and is being expanded to 60,000 meters. The campaign targets expansion of an existing inferred resource of 54.1 million ounces of silver, with recent holes on the D Vein and Lupe/B2 trends returning some of the deepest and highest‑grade intercepts to date, reinforcing the project’s growth potential.
Results include standout intersections on the Lupe Vein such as 10 meters grading 503 g/t silver and 9.88 meters grading 319 g/t silver, both with additional lead and zinc credits, alongside very high‑grade sub‑meter intervals exceeding 3,600 g/t silver. With two drills turning and site infrastructure being expanded to accommodate more rigs, Kootenay is positioning Columba as a potentially significant high‑grade silver system, which could enhance its resource base and strengthen its standing among Mexican silver explorers if continued drilling confirms scale and continuity.
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 primarily by weak financial performance (no revenue, widening losses, and worsening free cash flow burn), partially offset by a strong low-leverage balance sheet and solid bullish technical trend/momentum. Valuation remains challenging due to 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 project located in Chihuahua, Mexico. The company is advancing a large-scale, multi-stage drill program aimed at expanding its inferred silver resources and defining the potential of several vein systems on the property.
Average Trading Volume: 665,610
Technical Sentiment Signal: Buy
Current Market Cap: C$202M
For a thorough assessment of KTN stock, go to TipRanks’ Stock Analysis page.