Andean Silver Limited (ASX:ASL)

ALERT: Price-sensitive ASX Announcement for ASL

Current share price for ASL : $2.020 1.03 (104.04%)⁺

Announcement

High-grade silver intercepted outside Resource

Release

18 Jul 2024 8:58AM

Price at Release

$0.990

Full Release

Summary

Andean Silver Limited (ASX:ASL) announced that its drilling program at the Cerro Bayo silver-gold project in Chile has intercepted high-grade silver mineralisation outside the current resource estimate. The notable results from the Pegaso 7 target included assays of up to 4,649g/t silver-equivalent, covering a 600m strike length and a 300m depth. The mineralisation remains open in all directions, and additional strong veining structures continue 1km along the strike. Historical assays also indicate significant mineralisation. The company plans further infill and expanded drilling to increase the mineralised footprint and aims to update the resource estimate in the current quarter.

Key Points

Andean Silver Limited (ASX:ASL) is focused on the Cerro Bayo Silver-Gold project in Chile.
The company intercepted high-grade silver mineralisation outside the existing resource.
Key drilling results included assays of up to 4,649g/t silver-equivalent from the Pegaso 7 target.
Drilling revealed high-grade mineralisation over a 600m strike length and a 300m depth, open in all directions.
Additional strong veining structures extend 1km along the strike.
Historical assays from Pegaso 7 also show significant mineralisation.
Andean is planning further infill drilling and an expanded drilling program to increase the mineralised footprint.
The company aims to update the resource estimate in the current quarter.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.