Significant Drill Results at AbraSilver’s Diablillos Project in Argentina

AbraSilver Resource Corp. reports high-grade silver and gold discoveries at the Diablillos project in Argentina, highlighting strong exploration potential. The company appointed Boris Caro as project director to guide the feasibility study set for Q1 2026. Analysts remain optimistic about silver’s market outlook, with significant demand growth anticipated.

AbraSilver Resource Corp. has released positive results from the phase four drill program at its Diablillos project in Argentina, revealing substantial high-grade silver and gold mineralization across multiple areas including Oculto Northeast and the newly identified Sombra. These findings underscore the exploration program’s potential, according to President and CEO John Miniotis, who emphasized the open expansion possibilities in various target zones.

Specifically, recent drill results included hole DDH 24-069 at the Sombra site, which yielded 101 grams per ton of silver over 17 meters. For the JAC Extension, hole DDH 24-075 encountered 237 g/t of silver over 30 meters. AbraSilver’s future drilling strategy aims to explore the mineral continuity south of the JAC area, further affirming the project’s resource potential.

The phase four drill program, comprising 106 holes totaling 21,172 meters, is expected to influence the forthcoming resource estimate update planned for mid-2025. Additionally, the company has appointed Boris Caro as project director to oversee the completion of the definitive feasibility study, due in Q1 2026.

Caro’s extensive experience, particularly in feasibility studies within the Andean region, positions him well to guide the Diablillos project toward development milestones. His past roles with prominent mining firms, such as Rio Tinto and BHP Billiton, contribute to his proficiency in advancing significant projects.

Diablillos has a considerable existing resource base, with proven and probable reserves standing at an estimated 42.3 million tons containing approximately 124 million ounces of silver. The project has potential for additional exploration-driven enhancements to its existing resources.

In addition, an updated pre-feasibility study suggests robust project economics, capable of producing an average of 7.5 million ounces of silver annually over a projected 14-year mine lifespan. Recent drill results also identified new targets, such as Oculto East and Sombra.

AbraSilver is contemplating additional methods to boost project economics, including heap leaching to recover more gold. Furthermore, an anticipated long-term power supply arrangement could reduce operational expenses significantly. The potential acceptance into Argentina’s Large Investment Incentive Regime may provide substantial financial savings for the project.

AbraSilver maintains a diverse portfolio, including other exploration assets like the La Coipita project, in association with Teck Resources. Upcoming drill programs and environmental assessments are expected to propel progress at Diablillos.

The current outlook for silver prices is bullish, driven by robust demand in various sectors and financial forecasts indicating future price increases. Analysts predict a significant rise in silver demand due to industrial uses, with expectations of record-setting consumption this year.

As AbraSilver continues its exploration and development efforts, analysts project the company may successfully transition from explorer to producer within a few years, presenting compelling investment opportunities for stakeholders.

In summary, AbraSilver Resource Corp. continues to demonstrate significant progress at its Diablillos project, showcasing high-grade silver and gold mineralization. With a robust exploration program, strategic leadership, and positive financial forecasts for silver, the company positions itself for favorable growth. Upcoming catalysts in the feasibility study and drilling programs appear promising as AbraSilver moves toward potential production, thereby enhancing its market position.

Original Source: www.streetwisereports.com