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Andean Silver Limited (ASX:ASL)

ALERT: Price-sensitive ASX Announcement for ASL
Current share price for ASL : $1.980 -0.16 (-7.48%)+
Announcement
Release
7 Jul 2026 8:23AM
Price at Release
$2.140
Full Release
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Summary
Andean Silver Limited has reported its highest-grade drilling results ever at the Cerro Bayo Project in Chile, intersecting significant gold and silver grades. The results from the Trinidad Vein and Delia SE are particularly noteworthy, aiding the conversion of Inferred Resources into Measured and Indicated categories. The company's strategy involves both resource growth and upgrading, aligning with feasibility and restart studies. They plan to commence resource growth drilling in the Cerro Bayo district, targeting key deposits for the first time in 20 years. With a cash reserve of A$53.4 million, Andean Silver is well-positioned to fund these initiatives.
Key Points
  • Andean Silver reports its highest grade drilling results at the Cerro Bayo Project in Chile.
  • Significant gold and silver grades were intersected, notably at the Trinidad Vein and Delia SE.
  • The drilling results are aimed at converting Inferred Resources to Measured and Indicated Resources.
  • Resource growth drilling at Cerro Bayo is set to commence, targeting deposits like Guanaco, Raul, and Marcela.
  • The company holds A$53.4 million in cash for ongoing drilling and feasibility works.
  • Andean Silver's strategy focuses on resource growth and upgrading, contributing to feasibility and restart studies.
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.