AbraSilver Resource Corp. reports robust drilling results at the Diablillos project in Argentina, confirming high-grade silver and gold mineralization. The phase four drilling program indicates potential for resource expansion. The appointment of Boris Caro as project director aims to steer the upcoming feasibility study towards completion by Q1/26. Analysts maintain favorable projections for AbraSilver amid rising silver demand, reinforcing its status as a compelling investment opportunity.
AbraSilver Resource Corp. (ABRA:TSX; ABBRF:OTCQX) has reported significant findings from its recent phase four drilling program at the Diablillos project in Argentina, noting high-grade silver and gold mineralization in various zones. Notably, the new Sombra target revealed promising results, retaining the exploration program’s momentum. President and CEO John Miniotis emphasized the project’s long-term growth potential, affirming that mineralization zones are still open for expansion.
Drilling outcomes revealed specific intercepts; at the Sombra target, hole DDH 24-069 showed 101 grams per ton of silver over a span of 17 meters, including a peak of 205 g/t over 7 meters. Additionally, the JAC Extension encountered multiple mineralized holes, with DDH 24-075 reporting 237 g/t Ag over 30 meters. Future drilling aims to establish the extent of this mineralization.
The phase four program included 106 holes extending to 21,172 meters, which will significantly inform the mid-2025 resource estimate update. The Chief Geologist, Dave O’Connor, noted these results push boundaries of known mineralization and are supportive of resource expansion.
Upon other developments, AbraSilver appointed Boris Caro as the Diablillos project director starting April 2025. His expertise in feasibility studies is expected to enhance the project’s developmental trajectory, aiming towards the definitive feasibility study scheduled for Q1/26.
Caro’s impressive background includes a master’s in mineral economics and 20 years in mining operations, with significant roles at renowned firms. His recent successes involve conducting feasibility studies for lithium projects in Argentina.
AbraSilver’s Diablillos project, a high-sulphidation epithermal silver-gold deposit in Salta province, shows robust potential, with existing reserves estimated at 42.3 million tons of approximately 124 million ounces of silver. Recent drill results confirmed additional targets, demonstrating significant resource upside that bolsters investor confidence.
Analysts predict Diablillos could yield an average of 7.5 million ounces of silver annually over a 14-year mine life. Ongoing exploration may leverage heap leaching for enhanced gold recovery, which could contribute additional resources.
Power costs might decrease due to potential contracts for lower rates from new energy infrastructure. Centro Puerto, a leading shareholder, is exploring plans for renewable energy delivery to the site. Potential engagement in Argentina’s Large Investment Incentive Regime could lead to substantial savings of around $430 million.
AbraSilver also holds earlier-stage assets, including the La Coipita porphyry project in San Juan, Argentina, where Teck Resources may acquire an 80% stake. Drilling in this region is anticipated soon.
Silver prices remain buoyant, driven by factors like industrial demand, interest rates, and geopolitical tensions. Experts predict that the global silver supply will face challenges, further raising prices. Key studies reveal rising silver demand across various sectors, especially from industrial applications and green technologies.
Furthermore, analysts assert that AbraSilver is well-positioned for a successful transition from exploration to production. Upcoming milestones include results from a new drill program and the completion of the feasibility study, with construction anticipated by Q3/26 and production starting by Q3/29.
Analysts consistently rate AbraSilver favorably due to its robust project portfolio, projecting considerable upside based on target prices. Current shareholder positions show support from substantial stakeholders, with the company maintaining a strong market presence with 152 million outstanding shares.
AbraSilver Resource Corp. showcases strong advancement in its Diablillos project through successful drilling results and a strategic management appointment. The company is set to enhance its project potential significantly with ongoing exploration and studies. Market analysts provide positive outlooks on silver pricing and project developments, solidifying interest in AbraSilver’s future endeavors and expected transformations from exploration to production.
Original Source: www.streetwisereports.com
