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Pacifica Silver ( (TSE:PSIL) ) has issued an announcement.
Pacifica Silver reported additional assay results from the final nine holes of its Phase I diamond drilling program at the 100%-owned Claudia Silver-Gold Project in Durango, highlighting multiple narrow but high-grade silver-gold intercepts at the Aguilareña and Guadalupana vein areas. Management said the maiden program has significantly extended the Aguilareña vein down dip and confirmed lateral continuity over 1.8 kilometres of strike, reinforcing the geological model and underscoring what the company views as strong discovery potential at this underexplored project.
The latest results include intervals such as 4.30 metres grading 1.42 g/t gold and 221 g/t silver, plus several sub-metre zones with very high silver-equivalent grades exceeding 1,200 g/t, characteristics the company notes are typical of productive low-sulfidation systems. By demonstrating both high grades and continuity comparable to the nearby San Dimas operation, the program strengthens Pacifica Silver’s exploration case at Claudia and may enhance its standing among investors looking for emerging high-grade silver-gold projects in Mexico.
The most recent analyst rating on (TSE:PSIL) stock is a Buy with a C$2.85 price target. To see the full list of analyst forecasts on Pacifica Silver stock, see the TSE:PSIL Stock Forecast page.
More about Pacifica Silver
Pacifica Silver Corp. is a precious metals exploration company focused on silver and gold, with its flagship Claudia Silver-Gold Project in the historic El Papantón mining district of Durango State, Mexico. The company targets classic low-sulfidation epithermal vein systems, similar in style to those at the long-producing San Dimas mine nearby, positioning it within a prolific Mexican silver-gold belt.
Average Trading Volume: 252,358
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$94.52M
For detailed information about PSIL stock, go to TipRanks’ Stock Analysis page.