Andean Silver (ASX:ASL) has extended mineralisation at its Cerro Bayo Silver-Gold Project in Chile, following “strong” drilling results.
Infill and resource growth drilling contributes to the company’s core strategy of creating shareholder value, and it aims to upgrade its mineral resources with a view toward future economic studies as it aims to transition into production.
The recent drilling has confirmed three mineralisation styles including the mineralised breccia matrix, high-grade vein clasts, and high grade vein style.
Drilling results from the Appaloosa target includes 46.4m @219 grams per tonne silver equivalent, including 25.8m @ 332g/t silver equivalent, 7.2m @ 874g/t silver equivalent; 1.6m @ 511g/t silver equivalent; and 2.7m @ 225g/t silver equivalent.
Meanwhile, prospects at the Temer Vein returned highlights of 0.8m @ 4,131g/t silver equivalent, 1.5m @ 409g/t silver equivalent, and 1.3m @ 457g/t silver equivalent.
Additionally, results from the Hangingwall Vein include 0.3m @ 1,995g/t silver equivalent and 0.2m @ 1,176g/t silver equivalent.
Chief Executive Tim Laneyrie says mineralisation continues to grow by extending existing veins and identifying new ones, aligning with the company’s strategy to increase resources and add shareholder value.
“We also aim to drive value by upgrading inferred resources to the more valuable measured and indicated categories. As well as creating further value, the higher-confidence resources will help underpin the restart studies we are working on in the background,” Laneyrie says.
The company adds that additional drill rigs are being considered, alongside the current fleet of four. The company is well funded to progress its current drilling programs with $56.1 million in cash after its recent capital raise in January 2026.
Andean Silver is a mineral exploration and development company, focused on the advancement of its Cerro Bayo Silver-Gold Project, located in Southern Chile.
Write to Paige Furner at Mining.com.au
Images: Andean Silver
