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The latest announcement is out from Zacatecas Silver ( (TSE:ZAC) ).
Zacatecas Silver reported assay results from 124 rock-chip grab samples collected from waste dumps around 11 shallow historical shafts at its El Cristo project in Mexico. The work targeted multiple veins over roughly 1.2 to 1.5 kilometers of strike, confirming near-surface silver and base metal mineralization typical of intermediate sulphidation vein systems.
Twenty-nine samples returned silver-equivalent grades above 100 g/t, including a peak value of 670 g/t Ag Eq and notable gold, lead, zinc, and copper values, even though the material was historically considered low grade waste. The results provide important guidance for the company’s upcoming diamond drilling program, helping refine shallow drill targets and underscoring the potential scale and grade of the El Cristo vein system for investors and other stakeholders.
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 mineral exploration company focused on silver and base metals, with key projects in the El Cristo vein system in Mexico. The company targets intermediate sulphidation vein systems, aiming to delineate near-surface mineralization that can support future drilling and potential resource development in a historically mined district.
Average Trading Volume: 784,824
Technical Sentiment Signal: Sell
Current Market Cap: C$15.66M
Find detailed analytics on ZAC stock on TipRanks’ Stock Analysis page.