Andean Silver(CSE:Not available)
Andean Silver Limited (ASX:ASL) is an Australian mineral exploration and development company focused on advancing its 100% owned Cerro Bayo Silver-Gold project in the Aysen region of Southern Chile, which boasts some of the largest precious and base metals in the world.
Investor website: https://www.andeansilver.com/
About
Andean Silver Limited (ASX:ASL) is an Australian mineral exploration and development company focused on advancing its 100% owned Cerro Bayo Silver-Gold project in the Aysen region of Southern Chile, which boasts some of the largest precious and base metals in the world. The project currently hosts Indicated and Inferred Mineral Resources of 9.8Mt @ 353g/t AgEq for 111Moz AgEq. The Company is supported by a highly experienced team with a track record of creating shareholder wealth.
Verified company data
- Cash position
- $26.0M
- Shares outstanding
- 158.8M
- Fully diluted shares
- N/A
- Mineral resource
- The Cerro Bayo Project has a high grade resource of 9.8Mt @ 353g/t AgEq for 111Moz AgEq. The resource comprises both open pit and underground mines across 2 mining complexes with the Cerro Bayo project and is supported by the collected knowledge and drilling investment over 20yrs of mining history through the district. 1. _Mineral Resources are classified and reported in accordance with the 2012 JORC Code._ 2. _Open pit resources are reported to a cutoff grade of 65g/t AgEq._ 3. _Pit optimisation shells were used to constrain the resource using a gold price of US$1,850/oz and Silver price of US$24/oz._ 4. _Taitao Underground Mineral Resource Estimates are reported at a cut-off of 165g/t AgEq beneath the open pit. LVMC_ 5. _and CBMC Resources external to Taitao are reported at a cut-off of 200g/t AgEq._ 6. _Silver equivalents are calculated using the equation AgEq = Ag(g/t) + (83 x Au(g/t) and gold equivalents are calculated based on the equation AuEq = Au(g/t) + (Ag(g/t) / 83) based on a gold price of US$1,900/oz and Silver price of US$23/oz. Metallurgical recoveries for gold and silver are closely linked and are typically 92-93% for gold and silver. The Company considers the estimation of metallurgical recoveries in respect of exploration work to be reasonable based on the past processing records from the nearby Cerro Bayo plant between 1995 and 2016, and work undertaken in preparing the mineral resource estimate. It is the Company’s view that all elements in the silver and gold equivalents calculations have a reasonable potential to be recovered and sold._ 7. _Bulk Density of 2.63g/cm3 has been applied to veins and 2.57g/cm3 has been applied to stockwork and waste domains._ 8. _No internal selectivity or dilution has been applied and the stockwork domains have been modelled using an SMU of 2.5m x 5m x 2.5m (X,Y,Z) with dilution incorporated into the SMU._ 9. _Numbers may not add due to rounding._
- Projects
- ["Cerro Bayo Silver-Gold Project\n\n- The Cerro Bayo mine is 100% owned by Andean Silver. The mine covers 285sq.km and comprises over 70 contiguous exploration concessions as well as surface properties that covers the areas of the Laguna Verde mining district and processing facilities.\n- The Cerro Bayo Project was in production for over 15 years, producing more than 45Moz Ag and 650koz Au (~99Moz AgEq). The Project has been on care and maintenance since October 2022.\n\n### Location\n- The Cerro Bayo mine is located 10km west of the town of Chile Chico in the Aysen region of Chile which is a 2.5hr commercial flight from Santiago that runs multiple times per day. Chile Chico has a population of ~4,000 people with skilled labour and major infrastructure including hospitals, schools and all weather road access to major deep-water regional ports.\n\n### Resources\n- The Cerro Bayo project has a high grade resource of 5.03Mt for 50.2Moz at 311g/t AgEq. This resource comprises the existing Taitao open pit resource and the high grade underground mines of Delia Sth and Coyita SE. The Resource is supported by significant historic mining over a number of years by both open pit and underground as well as significant investment in drilling and geological knowledge.\n\n### Geology\n- The mineralization is typical of a low sulphidation type and is interpreted to be of a multi-stage, open space filling epithermal origin resulting in mineralized veins, stockworks and breccias. Two different mineralization events can be recognized at Taitao. A mesothermal early stage Ag-Mo-Zn-Pb with subordinated gold, well exposed in the Taitao and Breccia zones; and, a late stage typical epithermal gold-silver rich system, of the low sulfidation type, representative of the main mineralization stage of the district, represented by the NW trending Condor vein systems.\n- Two main vein systems are recognized at Laguna Verde. NS to NNE trending brecciated veins and breccias varying in dip from vertical to 45º E, and N15ºW to N35ºW oriented veins varying in dip between vertical and 75º NW and SE. Strike lengths up to 1.5km have been recognized in some of the vein systems evaluated to date. Widths are highly variable between the different vein systems and in individual veins along-strike and down-dip varying from centimetres up to 50 meters in breccias and stockworks (sheeted zones).\n\n### Exploration\n- There is extensive areas within the existing mine area as well as greenfields targets to support future resource growth. Approximately 50% of the tenure remains undrill tested with a further 25% under drilled. Established greenfield targets within the know tenure that have not been drill tested that will be targeted for future drilling includes the Raul West, Claudia Vein and Draught Master vein swarm.\n- Further greenfields exploration will be conducted East and Southeast of the Cerro Bayo Dome through to Sinter Hill where the topography increases and early stage programs such as IP and Magnetic surveys, Alteration studies and on ground mapping will need to be conducted to establish target zones.\n\nCerro Diablo Project Chile\n\n- The Cerro Diablo project is located 25km North of the flagship Cerro Bayo project in the Aysen regional of Chile and comprises 4,550Ha of exploration licenses.\n- The project lies in the NW limits of the Deseado Massif mineral province that is a favorable host to intermediate-high sulphidation, Skarn, Porphyry and Volcanic-hosted massive sulphide (VHMS) style mineralization.\n- Cerro Diablo hosts characteristics of a hybrid style intermediate mineralized system with mineralization extending over 1km on surface and extensive Argillic surface alteration.\n- Since its discovery no drilling has been conducted over the project area with 2 phases of field mapping and sampling completed with significant intercepts;\n\n##### Copper rich zone\n- 20.6% Cu, 30.8g/t Ag, 0.38% Zn, 0.17% Pb, 0.26g/t Au\n- 16.2% Cu, 24.6g/t Ag, 0.18% Zn, 0.11% Pb, 0.15g/t Au\n- 6.79% Cu, 11.7g/t Ag, 0.53g/t Au\n\n##### Gold Rich Zone\n- 5.40g/t Au, 6.2g/t Ag\n- 4.91g/t Au, 3.8g/t Ag\n- 3.93g/t Au, 12.2g/t Ag\n\n##### Polymetallic Rich Zone\n- 7.95% Zn, 35% Pb, 0.35% Cu, 112g/t Ag\n- 19% Zn, 20.8% Pb, 1.12% Cu, 100g/t Ag\n- 9.74% Zn, 7% Pb, 0.33% Cu, 54.7g/t Ag\n\n- Future exploration programs will focus on defining the mineralised system through a surface mapping and sampling campaign followed by planning of a maiden drill program to test the structural target zones observed at surface.\n\nLos Domos Project Chile\n\n- The Los Domos project is located proximal to the flagship Cerro Bayo project in the Aysen regional of Chile and comprises 4,100Ha of mining and exploration licenses.\n- Los Domos represents the SE extension of the Cerro Bayo system with a cumulative strike of over 10km and comprising over 8 major target structures and represents the NW tip of the Deseado Massif Volcanic sequence that hosts world class mineral systems such as Cerro Vanguardia and Cerro Negro.\n- Los Domos has had significant exploration investment with over 7,000m of diamond drilling completed that has identified a significant Ag-Au-Zn-Pb mineralized body on the T7 target that extends over 600m of strike and down to over 200m in depth.\n- Los Domos represents an earlier stage Zn-Pb deep crustal mineralized event that has a subsequent epithermal Ag-Au overprint. Similar deposit styles include Cerro Moro and Huaron (Pan American Silver) and Palmajero and Silvertip (Coeur Mining).\n- Significant intercepts include;\n- 9.7m @ 181g/t Ag, 2.58g/t Au, 4.15% Pb, 8.5% Zn, 0.4% Cu\n- 2.7m @ 132g/t Ag, 1.32g/t Au, 11.4% Pb, 10.7% Zn, 0.32% Cu\n- 8.39m @ 248g/t Ag, 20.7% Pb, 7.1% Zn, 0.7g/t Au\n- Future exploration will build on the work completed to date and will focus on a surface mapping and sampling campaign to extend and further define the targets at Los Domos as well as followup drilling of the multiple mineralized targets and infill drilling of the T7 target zone."]
- Leadership
- Tim Laneyrie (Technical Director, Geologist with 19 years of industry experience, previously in business development at Northern Star.), Matthew Allen (Chief Executive Officer, FCPA with over 25 years of experience in resources finance and management of listed public companies.), Damien Koerber (Chief Operating Officer, Over 30 years of experience in technical and management roles in exploration across Australia & Latin America.), Alvaro Fuentes (General Manager, Mining executive with over 20 years of experience in operations, finance, and corporate management.), Alex Forster (Exploration Manager, Exploration geologist with over 13 years of experience in early-stage precious metals exploration.), Sofía Aravena Fernández (Environmental Manager, Geologist specializing in hydrogeology and environment with over 20 years of experience.), Maddison Cramer (Company Secretary, Corporate lawyer focused on mining and resources.)
Verified data last updated: 2026-05-15