Phase IV Exploration Program At The  Diablillos Silver-Gold Project

TORONTO - AbraSilver Resource Corp. reported on the fully-funded 20,000 metre Phase IV drill program, on its Diablillos project in Salta Province, Argentina. The ongoing Phase IV drill program is focused on expanding target areas with known mineralization as well as exploring newly identified prospective exploration targets within the broader Diablillos land package.  

Hole DDH 24-003 intersected a broad zone of near-surface silver mineralization, consisting of 33 metres grading 87 g/t Ag starting at a down-hole depth of only 69 metres.  The intercept is located in a zone within the conceptual open pit boundary that is currently classified as waste.  Hole DDH 24-004 encountered a wide zone of high-grade silver mineralization, grading 245 g/t Ag over 33.4 metres. Drilling in this zone is designed to convert Inferred Mineral Resources to the Indicated category, within the conceptual open pit boundary. Hole DDH 24-005 intersected 26 metres grading 113 g/t Ag. This intercept is located approximately 35 metres south of the conceptual open pit margin and is expected to extend mineralization and the Mineral Resources in that direction.

John Miniotis, President and CEO, said, “We are pleased to see this successful start to our Phase IV drilling program which demonstrates the significant upside potential at Diablillos.  These initial results demonstrate the strong continuity of high-grade silver mineralization surrounding the JAC deposit, which continues to remain open in multiple directions.”