AbraSilver Resource Corp (TSX: ABRA) has increased the estimated mineral resources at their flagship Diablillos property in Argentina. The company this morning released an updated estimate, highlighted by a 25% increase in contained silver and a 14% increase in contained gold within the measured and indicated categories, which translates to a 27% increase in contained silver equivalent ounces.
Highlights from the results include:
- Tank Leach
- Measured: 26.5 million tonnes at 119 g/t silver, 0.71 g/t gold, or 183 g/t silver equivalent
- Containing 101.6 million ounces of silver, 604,000 ounces of gold, or 156.5 million ounces silver equivalent
- Indicated: 46.6 million tonnes at 56 g/t silver, 0.63 g/t gold, or 114 g/t silver equivalent
- Containing 84.4 million ounces of silver, 948,000 ounces of gold, or 170.6 million ounces silver equivalent
- Inferred: 9.7 million tonnes at 34 g/t silver, 0.57 g/t gold, or 86 g/t silver equivalent
- Containing 10.6 million ounces of silver, 176,000 ounces of gold, or 26.9 million ounces of silver equivalent
- Measured: 26.5 million tonnes at 119 g/t silver, 0.71 g/t gold, or 183 g/t silver equivalent
- Heap Leach
- Measured: 6.7 million tonnes at 16 g/t silver, 0.14 g/t gold, or 25 g/t silver equivalent
- Containing 3.5 million ounces of silver, 30,000 ounces of gold, or 5.3 million ounces silver equivalent
- Indicated: 24.1 million tonnes at 12 g/t silver, 0.17 g/t gold, or 23 g/.t silver equivalent
- Containing 9.2 million ounces of silver, 133,000 ounces of gold, or 17.5 million ounce silver equivalent
- Inferred: 10.0 million tonnes at 9 g/t silver, 0.20 g/t gold, or 21 g/t silver equivalent
- Containing 2.8 million ounces of silver, 64,000 ounces of gold, or 6.9 million ounces silver equivalent
- Measured: 6.7 million tonnes at 16 g/t silver, 0.14 g/t gold, or 25 g/t silver equivalent
On a combined basis, the Diabillos project now boasts 103.9 million tonnes at 59 g/t silver, 0.51 g/t gold, or 105 g/t silver equivalent within the measured and indicated category, containing 198.6 million ounces of silver, 1.7 million ounces of gold, or 349.9 million ounces of silver equivalent. Inferred resources add a further 19.6 million tonnes at 21 g/t silver, 0.38 g/t gold, or 53 g/t silver equivalent, which contains 13.4 million ounces of silver, 241,000 ounces of gold, or 33.5 million ounces of silver equivalent.
The large increase to resources follows this update including a maiden heap leach resource, which added a total of 31 million tonnes to the measured and indicated category, and a further 10.0 million tonnes to the inferred category. The category consists of lower grade material previously classified by AbraSilver as being waste.
“We are very excited to report that M&I Mineral Resources at Diablillos have now grown to nearly 200 Moz of silver and over 1.7 Moz of gold. This substantial increase highlights the exceptional mineral endowment of our Project and our team’s continued success in unlocking value through exploration. This updated Mineral Resource estimate will form the basis for the upcoming Definitive Feasibility Study (“DFS”), which remains on track for completion in Q1/2026,” commented John Miniotis, CEO of AbraSilver.
AbraSilver last traded at $5.34 on the TSX.
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