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Highlights
- New mineralisation extends beyond existing Cerro Bayo resource
- Multiple high-grade veins discovered across key deposits
- Strategic drilling campaign boosts growth pipeline
Andean Silver (ASX:ASL) has revealed significant new mineralisation outside the established resource area at its Cerro Bayo silver-gold project in Chile, following a vigorous and strategically led drilling campaign. The project, which lies within the prolific Laguna Verde mining district, continues to demonstrate substantial upside through consistent exploration breakthroughs.
Expanded High-Grade Mineralisation at Coyita North
Recent assay results from Coyita North confirm the presence of multiple high-grade shoots that not only extend the resource vertically but also identify new zones of mineralisation beneath existing mine infrastructure. These include fresh high-grade veins in both the hanging wall and footwall areas, effectively doubling the known vertical extent of mineralisation at this zone.
New Discoveries at Pegaso 7 and Cristal Central
At Pegaso 7, exploration has revealed a previously unidentified network of mineralised veins, vertically traced to more than 100 metres. This discovery is especially promising given that previous operators overlooked these structures, highlighting untapped geological potential within Andean's landholding.
Further encouraging news comes from Cristal Central, where the company has expanded the mineralised halo and extended the primary central vein system. Geological reviews comparing Cerro Bayo with similar epithermal systems suggest that multiple phases of mineralisation could unlock even more extensive zones over time.
Drilling Strategy Aligned with Long-Term Growth
The campaign aligns with Andean’s overarching strategy to steadily expand known resources both along strike and at depth. The company has prioritised systematic exploration across its 330 square kilometre tenure, resulting in a 340% increase in resources over the past year.
With investor interest in silver gaining momentum, Andean's ongoing success at Cerro Bayo positions it to respond to market demand, particularly amid limited global silver supply options. This sustained exploration effort, paired with efficient resource development, offers a compelling growth outlook.
Next Steps and Broader Exploration Plans
Looking ahead, the exploration team will conduct both infill and extensional drilling within 1.5km of the Cerro Bayo processing facility. Attention will then turn to regional targets including the Marcela and Guanaco vein systems. Additionally, plans are underway to drill at the newly outlined Droughtmaster corridor based on recent geophysical and surface mapping work.
Andean Silver’s strategic expansion aligns with the broader momentum seen across the ASX200, as resource-focused companies continue to leverage global demand dynamics and strong project fundamentals.
