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FinanceAftermath Silver begins drilling at Berenguela copper target in Peru and Challacollo project in Chile
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Aftermath Silver Ltd (TSX-V:AAG, OTCQX:AAGFF, FRA:FLM1) announced the start of drilling at the eastern edge of its Berenguela project in Peru to test for high-grade copper mineralization beyond the current mineral resource estimate. The company also launched a drill program at its Challacollo silver-gold project in northern Chile. The Berenguela program will initially include up to 1,000 metres of core drilling targeting an eastern copper zone, following previous high-grade results from 2024 and 2025. At Challacollo, an initial five-hole, approximately 800-metre diamond drilling program aims to expand the existing silver-gold resource and test additional targets, including Lolón North, Lucy North, and Palermo North. Shares rose 6.2% in Toronto. The Challacollo project hosts indicated resources of 35.15 million ounces of silver and 58,000 ounces of gold, per a 2020 NI 43-101 report.
Source report
Source: Proactive Read Time: 2 minutes
Aftermath Silver Ltd (TSX-V: AAG, OTCQX: AAGFF, FRA: FLM1) has announced the commencement of drilling at the eastern edge of its Berenguela project in Peru, targeting high-grade copper mineralization beyond the current mineral resource estimate. The company has also launched a drill program at its Challacollo silver-gold project in northern Chile.
Berenguela Project (Peru)
- The initial program will include up to 1,000 metres of core drilling, targeting an eastern copper zone.
- The campaign follows previous drill results that intersected high-grade copper and silver mineralization.
- The program may be expanded depending on results.
Challacollo Project (Chile)
- An initial five-hole, approximately 800-metre diamond drilling program has begun.
- The program aims to expand the existing silver-gold resource and test additional exploration targets.
- Drilling will target extensions of known veins, previously identified but untested veins, and selected reverse circulation holes for additional geological and metallurgical data.
- Focus areas include Lolón North, Lucy North, and Palermo North.
Management Commentary
Aftermath Silver CEO Ralph Rushton stated that the company is investigating the potential for additional high-grade copper mineralization outside the current resource area, following encouraging drilling results from 2024 and 2025.
"Our previous drilling in 2024/2025 on the eastern margins of the MRE was extremely positive and with the copper spot price close to its all-time high I look forward to reporting on the results of the drilling later this year."
Regarding the Challacollo campaign, Rushton noted that the objective is to expand and increase the mineral resource, adding that this program is the first step toward that goal.
Market Performance
Shares of Aftermath gained 6.2% in Toronto on Wednesday morning.
Resource Data (Challacollo Project)
According to a 2020 NI 43-101 technical report, the Challacollo project hosts:
- Indicated resources: 6.64 million tonnes, containing 35.15 million ounces of silver and 58,000 ounces of gold
- Inferred resources: 2.8 million tonnes, containing 11.14 million ounces of silver and 15,000 ounces of gold
Source
Yahoo FinanceWestern
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Aftermath Silver Begins Drilling at Berenguela Copper Target and Chile's Challacollo Project