ASL.ASX: Andean drills highest grades ever at Cerro Bayo Project

Andean drills highest grades ever at Cerro Bayo Project

Stock	ASL.ASX (ASL.ASX)
Release Time	7 Jul 2026, 8:23 a.m.
Price Sensitive	Yes

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Andean Silver Achieves Highest Grades at Cerro Bayo Project

Key Points

Highest grades ever intersected at Cerro Bayo Project
Resource growth drilling to commence in the wider Cerro Bayo district
Consistent high-grade results highlight potential for resource upgrade
Andean Silver remains well funded with A$53.4m in cash

Full Summary

Andean Silver Limited (ASX: ASL) has reported exceptional drilling results from its Cerro Bayo Silver-Gold Project in Chile, marking the highest grades ever intersected. The latest results include 268g/t Gold and 3,045g/t Silver over 1.4 meters at Trinidad, highlighting the potential for significant resource upgrades. Infill drilling at Laguna Verde Mine Complex continues to show strong continuity of mineralization, supporting the conversion of Inferred Resources to Measured and Indicated categories. Resource growth drilling will commence in the wider Cerro Bayo district for the first time in 20 years, targeting known mineralisation. Andean Silver is well-funded, with A$53.4 million in cash to support ongoing exploration and development activities.

Outlook

The Company aims to transition from exploration to restart planning, with a focus on converting resources and advancing feasibility studies.