An update from Mitre Mining Corporation Limited ( (AU:ASL) ) is now available.
Mitre Mining Corporation Limited has announced significant progress in its Cerro Bayo Silver-Gold Project in Chile, with new drilling results revealing expanded mineralization in key areas such as Coyita North, Pegaso 7, and Cristal. The latest assays show high-grade silver equivalent intercepts, indicating a promising resource update expected next month. The ongoing drilling campaign, supported by three rigs, aims to further grow the resource base amid a favorable market outlook for silver. The company is optimistic about the project’s potential, with plans to transition from discovery to definition drilling and a maiden resource for Cristal and Pegaso 7, highlighting the exploration potential at Cerro Bayo.
More about Mitre Mining Corporation Limited
Mitre Mining Corporation Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the extraction of precious metals, primarily silver and gold, with a significant project located at Cerro Bayo in Chile.
YTD Price Performance: 37.04%
Average Trading Volume: 771,878
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$176.2M
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