AbraSilver Resource Corp. has reported substantial high-grade silver and gold findings from its Diablillos project in Argentina. The ongoing drilling program has confirmed mineralization potential in various zones, prompting further exploration initiatives. A definitive feasibility study is set for completion in Q1 2026, with optimistic market conditions for silver indicating strong growth potential for the project and the company.
AbraSilver Resource Corp. (ABRA:TSX; ABBRF:OTCQX) has reported encouraging results from its phase four drilling program at the Diablillos project in Argentina. This program has unveiled substantial high-grade silver and gold mineralization in various zones, specifically Oculto Northeast, JAC Extension, and the newly identified Sombra zone. The results emphasize the exploration potential at Diablillos, according to the company’s President and CEO, John Miniotis.
Notably, drill hole DDH 24-069 at the Sombra target revealed significant silver values, intersecting 101 grams per ton (g/t) of silver over 17 meters, starting at a depth of 38 meters. In another notable finding, hole DDH 24-075 at the JAC Extension indicated 237 g/t of silver over 30 meters. AbraSilver plans additional drilling to further define the extent of this mineralization, bolstering the project’s growth prospects.
The phase four drill program consisted of 106 holes drilled across 21,172 meters, as highlighted in a research report by Raymond James Analyst Craig Stanley. The findings will be integrated into an updated mineral resource estimate projected for mid-2025. Furthermore, the upcoming definitive feasibility study, slated for Q1 2026, aims to advance the project to its next stages of development.
Effective April 1, 2025, Boris Caro has been appointed as the full-time project director for Diablillos, tasked with leading the feasibility study’s completion. With over 20 years of international experience in mining, Caro will play a vital role in advancing the project, as indicated by Jeremy Weyland, AbraSilver’s Senior Vice President of Projects and Development.
Diablillos, recognized as a significant silver-gold exploration project, holds a Proven and Probable reserve estimated at 42,300,000 tons, containing approximately 124 million ounces of silver and 1.1 million ounces of gold. This extensive resource showcases the exploration upside potential that AbraSilver aims to capitalize on through ongoing drilling.
Analysts have commended AbraSilver’s strategic initiatives, projecting robust project economics that could enhance overall performance and operational efficiency. Potential enhancements include establishing lower power costs through a grid connection and the application for Argentina’s Large Investment Incentive Regime (RIGI), which could yield substantial savings.
Additionally, the silver market outlook remains optimistic; analysts forecast that rising industrial demand, particularly in green technologies, will support silver price stability. Key factors include geopolitical tensions and investment shifts toward solar energy and electric vehicle infrastructures, where silver is increasingly utilized.
AbraSilver is making significant strides in the mining sector. With Dr. Miniotis expressing confidence in the project’s progression towards development, several crucial milestones are on the horizon, including ongoing drilling results and project permitting. Analysts remain positive regarding AbraSilver’s potential, underscored by favorable stock ratings and increasing interest from institutional investors.
In conclusion, AbraSilver Resource Corp. is experiencing positive advancements at its Diablillos project with notable high-grade mineralization confirmed through recent drilling efforts. The imminent feasibility studies and the strategic appointments are structured to ensure effective project development. The robust silver market factors presenting a promising outlook further reinforce the potential for considerable long-term value creation from Diablillos. Overall, AbraSilver is poised for growth as it converts exploration success into tangible investments.
Original Source: www.streetwisereports.com
