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Andean Silver Limited (ASX:ASL)

ALERT: Price-sensitive ASX Announcement for ASL
Current share price for ASL : $2.140 0.24 (12.63%)+
Announcement
Release
31 Mar 2026 8:20AM
Price at Release
$1.900
Full Release
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Summary
Andean Silver Limited has reported strong drilling results from the Cerro Bayo Silver-Gold Project in Chile, which are pivotal in enhancing resource confidence and supporting the company's strategy for resource expansion and upgrading. The assays revealed high grades, up to 1,523g/t AgEq, indicating significant mineralization continuity and potential for both open pit and underground extraction options. The results will be incorporated into an upcoming Resource update, crucial for future restart studies. Key drilling areas include the Appaloosa Breccia and Temer Vein complexes, with recent drilling demonstrating broad mineralized zones and increasing vein widths. The Coyita North vein continues to show strong grade profiles, reinforcing its potential as a high-grade feed source. These developments are expected to underpin the company's exploration and restart planning strategy for 2026.
Key Points
  • Strong drilling results at Cerro Bayo with up to 1,523g/t AgEq.
  • Resource update scheduled for the June quarter to enhance resource confidence.
  • Drilling at Appaloosa Breccia reveals potential for open pit and underground extraction.
  • Temer Vein complex shows increasing vein widths with high-grade results.
  • Coyita North drilling supports potential as a high-grade feed source.
  • Resource growth expected to support future restart studies in 2026.
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.