AbraSilver Resource Corp. reports significant high-grade silver and gold results from its Diablillos project in Argentina, enhancing confidence in its potential. The company’s upcoming feasibility study and advantageous market conditions bolster its prospects. Positive findings from recent drilling indicate ongoing resource growth.
AbraSilver Resource Corp. has announced promising results from its phase four drill program at the Diablillos project in Argentina, affirming substantial high-grade silver and gold mineralization across several areas, including the newly identified Sombra target. The company confirmed that exploration results indicate considerable potential for expansion in these zones, thus enhancing confidence in the project’s future value and growth prospects.
Notable results included drilling at Sombra that revealed 101 grams per ton (g/t) of silver over 17 meters, with a peak of 205 g/t over an inclusive 7-meter section. In the adjacent JAC Extension, significant mineralization was also confirmed, with one hole yielding 237 g/t of silver over 30 meters. These findings may encourage more drilling efforts to assess mineralization continuity.
The ongoing drilling project comprised 106 holes covering 21,172 meters, as reported by Raymond James Analyst Craig Stanley. The derived results are expected to inform an updated mineral resource estimate anticipated for mid-2025. Additionally, AbraSilver is making strides towards a definitive feasibility study due for release by Q1/26, bolstered by the appointment of project director Boris Caro.
Caro’s extensive background in mining operations and project management will play a crucial role in advancing Diablillos towards development, as stated by senior vice president of projects, Jeremy Weyland. His past experience includes leading feasibility studies for major projects in the Andes region, ensuring a solid foundation for the project’s next phases.
Recognized for its significant exploration potential, Diablillos is viewed as one of the premier undeveloped silver projects in the mining-friendly Salta province. The current reserve estimates provide a solid base of precious metals while showcasing pronounced growth opportunities through ongoing exploration efforts.
AbraSilver anticipates enhancing project economics via innovative strategies, such as evaluating heap leaching to bolster gold recovery. Significant cost savings could also result from potential long-term power contracts for a renewable energy project in collaboration with its largest shareholder, Centro Puerto SA.
Furthermore, there are potential financial benefits from Argentina’s Large Investment Incentive Regime, which could yield significant savings if the application is submitted timely. The strategic plans surrounding Diablillos are expected to pave the way for future production and investment decisions.
Given the backdrop of a robust silver market with increasing demand in various sectors, analysts maintain positive outlooks for AbraSilver. With completion of further drilling programs and the feasibility study on the horizon, investors express confidence in the company’s ability to transition effectively from an exploration entity to a production-oriented firm.
In summary, AbraSilver Resource Corp. has demonstrated significant advancements in the exploration of its Diablillos project with high-grade silver and gold findings. Enhanced project economics, a solid feasibility study on the way, and favorable market conditions for silver positions the company for potential success. As they prepare for critical milestones, stakeholder confidence appears to be on the rise.
Original Source: www.streetwisereports.com
