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Zacatecas Silver ( (TSE:ZAC) ) has provided an update.
Zacatecas Silver has launched its 2026 diamond drilling campaign at the El Cristo Project in Mexico’s Zacatecas Mining District, completing the first hole to 117 metres and intersecting a mineralized brecciated vein between 89 and 108 metres downhole. Early observations of visible sulphides, including galena and sphalerite associated with silver mineralization, suggest the program is targeting a fertile intermediate sulphidation system, and assays from the initial core are expected shortly, potentially informing future exploration plans and enhancing the project’s role within the company’s broader Mexican portfolio.
The company positions El Cristo alongside its flagship Zacatecas Silver Project, which lies in the Fresnillo silver belt near major producing mines and carries an established silver-gold resource, and the Esperanza Gold Project, an advanced low-cost gold development with sizeable measured, indicated and inferred resources in Morelos state. Together, these assets underscore Zacatecas Silver’s strategy to build a pipeline of silver and gold projects in established Mexican mining districts, with the new drilling at El Cristo offering additional upside for investors if high-grade results confirm the early geological indications.
The most recent analyst rating on (TSE:ZAC) stock is a Hold with a C$0.11 price target. To see the full list of analyst forecasts on Zacatecas Silver stock, see the TSE:ZAC Stock Forecast page.
Spark’s Take on ZAC Stock
According to Spark, TipRanks’ AI Analyst, ZAC is a Neutral.
The score is primarily held back by a development-stage financial profile with no revenue, ongoing losses, and persistent cash burn (continued funding risk). This is partially offset by a strong, debt-free balance sheet and some improvement in cash outflows versus last year. Technicals are neutral-to-cautious with muted momentum, while valuation is constrained by a negative P/E and no dividend support.
To see Spark’s full report on ZAC stock, click here.
More about Zacatecas Silver
Zacatecas Silver Corp. is a precious metals exploration and development company focused on silver and gold projects in Mexico, notably the Zacatecas Silver Project in the prolific Fresnillo silver belt and the advanced-stage Esperanza Gold Project in Morelos state. Its land package is highly prospective for low- and intermediate-sulphidation silver-base metal mineralization and low-sulphidation gold mineralization, with defined mineral resource estimates at both Panuco and Esperanza supporting its growth ambitions in the region.
Average Trading Volume: 716,814
Technical Sentiment Signal: Sell
Current Market Cap: C$17.75M
For an in-depth examination of ZAC stock, go to TipRanks’ Overview page.