AbraSilver Resource Corp (TSX.V:ABRA) is an advanced-stage exploration company focused on rapidly advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina, which contains a large resource base of 109 million ounces of silver and 1.3 million ounces of gold within the Oculto deposit, in the Measured and Indicated category (as of October 31 2022).
The company has recently discovered a brand-new exploration target (the JAC target), located several hundred metres beyond the southwestern limit of the October 2022 Mineral Resource estimate at Oculto. To date, initial assay results received from the new JAC target in the Southwest zone have demonstrated high-grade silver mineralization in near-surface oxide mineralization over broad widths, with excellent potential for continuity based on magnetics and geological interpretation. The new Southwest zone adds a brand-new dimension to the Diablillos project and opens up considerable silver resource potential beyond the October 2022 Mineral Resource estimate.
A highly prospective epithermal precious metal project in the Province of Salta in northwestern Argentina
Diablillos – Our principal project is Diablillos which contains a Ag-Au epithermal deposit called the Oculto Deposit for which a mineral resource has been estimated.
Arcas – Option agreement with Rio Tinto, whereby Rio Tinto can acquire up to a 75% stake in Arcas, by incurring up to US$25 million in exploration expenditures.
Aguas Perdidas – Epithermal Au-Ag project in Chubut Province, Argentina, approximately 137 km southwest of Pan American's large Navidad project.