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Andean Silver Limited (ASX:ASL)

ALERT: Price-sensitive ASX Announcement for ASL
Current share price for ASL : $2.780 0.59 (26.94%)+
Announcement
Release
11 Dec 2025 9:35AM
Price at Release
$2.190
Full Release
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Summary
Andean Silver Limited reports that drilling at the Cerro Bayo Silver-Gold Project in Chile has successfully extended known mineralisation beyond the existing resource. High-grade silver and gold intersections have been encountered close to processing infrastructure, with results contributing to a 2026 resource update. Notable drilling results include significant silver and gold grades in various intersections such as 692g/t silver and 9.8g/t gold. Drilling efforts focus on expanding and converting resources within 1 km of the processing facilities. The document also details quality control procedures, assay data methods, and ongoing improvements in exploration strategies.
Key Points
  • Drilling extended mineralisation by 50m beyond existing resources.
  • High-grade intersections of up to 692g/t silver and 9.8g/t gold reported.
  • Drilling targets resources within 1 km of processing facility.
  • Current program aims to grow resources and convert Inferred to Measured and Indicated categories.
  • Quality control includes certified geochemical standards and blanks with internal laboratory checks.
  • Metallurgical recovery rates are 92-93% for both gold and silver.
  • No internal selectivity or dilution applied in stockwork domain modeling.
  • Next steps include continuing drill exploration and resource infill drilling.
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.