Phase V Exploration Campaign At Diablillos Project

TORONTO - AbraSilver Resource Corp. reported the commencement of a 20,000 metre (m) Phase V diamond drilling program on its wholly-owned Diablillos property in Argentina.  This new phase of exploration builds upon the successful Phase IV drill campaign, which identified significant high-grade silver and gold mineralization across multiple targets within the broader Diablillos land package.  

The 20,000 m program will primarily utilize three diamond drill rigs to drill approximately 90 holes and is expected to be completed by December 2025. Combination of infill and step-out drilling to further expand and upgrade the Mineral Resource estimate, with an updated Mineral Resource estimate anticipated in mid-2025. Some condemnation drilling will also be completed as part of the Definitive Feasibility Study work that is underway.

Key drilling areas at Diablillos include: 1) The Oculto-JAC epithermal district, focusing on JAC, JAC south extension, Sombra, Oculto Northeast, Oculto East, Oculto West, and Laderas targets. 2) The northeast epithermal-porphyry complex, located approximately 4 km northeast of the main Oculto deposit, including the newly identified Cerro Viejo gold target, which remains largely underexplored.

John Miniotis, President and CEO, said, “Following the strong results from our Phase IV drilling program and highly successful equity raise, we are excited to initiate this next phase of exploration at Diablillos.  With multiple high-grade targets and a very robust financial position, we remain extremely well-positioned to continue to build long-term value for our shareholders.”