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Kootenay Silver ( (TSE:KTN) ) has shared an update.
Kootenay Silver has launched a comprehensive 3D induced polarization and Audio-Magnetotelluric geophysical survey at its Columba Silver Project in Chihuahua, Mexico, covering more than 1,250 hectares over an estimated eight weeks. The work aims to build on a maiden inferred resource of 54.1 million ounces of silver plus lead and zinc credits by imaging deep structures, refining drill targets and identifying concealed mineralization along known and undrilled veins.
Data from the 3D-IP and AMT surveys will be integrated into three-dimensional resistivity and chargeability models to guide future drilling and better interpret complex geology at depth. The program complements an ongoing 50,000-metre diamond drilling campaign at Columba, now backed by financing for a further 10,000 metres, and coincides with an upward revision to silver-equivalent ounces at the La Cigarra deposit after including lead and zinc, modestly increasing both measured and indicated and inferred categories.
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 Canadian mineral exploration company focused on discovering and advancing silver-dominant projects in Mexico, with additional exposure to lead and zinc. Its portfolio includes the Columba Silver Project in Chihuahua State, where it is targeting high-grade vein systems, and the La Cigarra deposit, both positioned to benefit from growing demand in precious and base metals markets.
Average Trading Volume: 663,738
Technical Sentiment Signal: Buy
Current Market Cap: C$181.1M
For a thorough assessment of KTN stock, go to TipRanks’ Stock Analysis page.