Dia Bras Exploration Inc. (TSX: V.DIB, Stock Forum) said expanded sampling at the San Patricio prospect of its Bacerac Property in Sonora, Mexico has yielded more high grades of silver and gold.
Assays of rock-chip samples include values of up to 703 grams per-tonne silver and 3.79 grams per-tonne gold, the company said in a press release. It also said diamond drilling is designed to test the open pit potential at the site and is scheduled to begin in mid-October.
Trading at $2.86 on Tuesday, Dia Bras has a market cap of $449.6 million, based on 157.2 million shares outstanding. The 52-week range is $3.12 and $1.85.