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Aftermath Silver launches dual drill programs – ICYMI
Proactiveinvestors NA· 2025-12-12 20:34
Group 1: Dual-Drilling Strategy - Aftermath Silver Ltd has initiated a dual-drilling strategy at its Berenguela project in Peru and the Challacollo project in Chile, with a drilling program of 4,000 to 6,000 metres at Berenguela [1][2] - The drilling at Berenguela includes engineering-focused drilling to assess initial mining areas and exploration drilling on the eastern side, where previous results indicated high-grade copper [1][3] Group 2: Market Context and Metal Prices - The demand for copper is increasing, driven by the current market trends, with the company highlighting the importance of exploring areas believed to be enriched in copper [3] - Silver prices are currently around $64 per ounce, which is contributing to rising valuations of silver projects, prompting the company to seek additional high-grade silver [4] Group 3: Challacollo Project - The Challacollo project has been held for about five to six years, and the company is now ready to commence drilling to explore potential resource expansion [5] - The drilling will focus on the Lolón vein and its extensions, along with exploration drilling away from the main veins [6] Group 4: Industry Challenges - There is a high demand for drill rigs in Chile, impacting the availability of equipment necessary for the company's drilling projects [7] - The company anticipates assay results in the first quarter of 2026, although lab backlogs may affect turnaround times [8]