AbraSilver Announces All-Time Highest Grade Silver Intercept at Diablillos; 2,383 g/t AgEq (34.0 g/t AuEq) Over 26 Metres, Further Extending High-Grade Tesoro Zone Record High Oxide Intercept Includes 9,536 g/t AgEq (136.2 g/t AuEq) over 4 Metres
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www.abrasilver.com
AbraSilver Announces All-Time Highest Grade Silver Intercept at Diablillos; 2,383 g/t
AgEq (34.0 g/t AuEq) Over 26 Metres, Further Extending High-Grade Tesoro Zone
Record High Oxide Intercept Includes 9,536 g/t AgEq (136.2 g/t AuEq) over 4 Metres
Toronto – July 25, 2022: AbraSilver Resource Corp. (TSX.V: ABRA; OTCQX: ABBRF) ("AbraSilver"
or the “Company”) is very pleased to announce assay results from its latest diamond drill holes from the
Phase II program on the Company’s wholly-owned Diablillos property in Salta Province, Argentina
(“Diablillos” or the “Project”).
Diamond drill hole DDH 22-015 contains the highest-grade silver intercept recorded on the Project to
date. Key takeaways from the latest intercept includes:
Hole DDH 22-015 was drilled to test the southwestern extension of the high-grade Tesoro Zone.
The highest-grade intersection consisted of 26 metres at 2,383 g/t AgEq (34.0 g/t AuEq -
comprised of 2,358 g/t Ag and 0.36 g/t Au), including 4 metres at 9,536 g/t AgEq (136.2 g/t
AuEq – comprised of 9,488 g/t Ag and 0.69 g/t Au); and
This drill hole further extends the high-grade Tesoro zone by an additional 25 metres towards
the west, thereby extending the dimensions of this zone to over 500m in length by approximately
100m width
John Miniotis, President and CEO, commented, “Without a doubt, assay results from our Phase II drill
campaign continue to exceed all expectations. This exceptional high-grade drill result meaningfully
extends the Tesoro zone and adds to a series of outstanding drill intersections recently announced, which
are expected to have a positive impact on the forthcoming Mineral Resource Estimate update and Pre-
Feasibility Study (PFS) for the Diablillos project.”
The latest assay result highlights are summarized in Table 1 and Table 2 below. These drill holes will
form part of the inputs to the updated Mineral Resource Estimate expected to be announced later this
year.
Table 1 – Diablillos Hole DDH 22-015
(Intercepts greater than 2,000 gram-metres AgEq shown in bold text):
Drill Hole
From
(m)
To
(m) Type
Interval
(m)
Ag
g/t
Au
g/t
AgEq1
g/t
AuEq1
g/t
DDH-22-015 114 117 Oxides 3.0 157.9 0.13 167.0 2.39
DDH-22-015 124.5 128 Oxides 3.5 60.5 0.12 68.9 0.98
DDH-22-015 131.5 157.5 Oxides 26.0 2,357.6 0.36 2,382.8 34.04
DDH-22-015 Includes 139.5 154.5 Oxides 15.0 3,939.8 0.40 3,967.8 56.68
DDH-22-015 Includes 148.5 152.5 Oxides 4.0 9,487.9 0.69 9,536.2 136.23
DDH-22-015 164.5 172.3 Oxides 7.8 65.0 0.12 73.4 1.05
Dave O’Connor, Chief Geologist, commented, “We are very excited that drill hole DDH 22-015 returned
the highest-grade silver intercept ever recorded at Diablillos, an impressive result with over 125,000
metres drilled on the Project to date. This result confirms that the high-grade Tesoro zone is open and
can be expanded, which should provide a significant boost to the overall economics of the Project.
Looking ahead, we continue to await further drill results from our Phase II program, including important
step-out drill holes in the new emerging southwest zone.”
Table 2 – Diablillos Other Drill Result Highlights
(Intercepts greater than 2,000 gram-metres AgEq shown in bold text):
Drill Hole
From
(m)
To
(m) Type
Interval
(m)
Ag
g/t
Au
g/t
Cu
%
AgEq1
g/t
AuEq1
g/t
DDH-22-006 107 133 Oxides 26.0 67.2 1.67 - 184.1 2.63
DDH-22-006 171 176 Oxides 5.0 62.0 1.43 - 162.1 2.32
DDH-22-006 183 198 Oxides 15.0 25.5 2.81 - 222.2 3.17
DDH-22-006 Includes 183 184 Oxides 1.0 11.3 23.21 - 1,636.0 23.37
DDH-22-006 236.5 239.5 Oxides 3.0 12.4 1.11 - 90.1 1.29
DDH-22-007 150.5 165 Oxides 14.5 61.6 - 0.18 76.4 1.09
DDH-22-007 174 175 Oxides 1.0 220.9 0.38 0.68 303.5 4.34
DDH-22-007 188 189 Transition 1.0 279.6 1.59 2.38 586.7 8.38
DDH-22-007 205 224 Transition 19.0 10.7 0.14 0.15 32.8 0.47
DDH-22-007 236 237.5 Transition 1.5 9.7 1.31 0.09 108.8 1.55
DDH-22-007 246.5 249.5 Transition 3.0 16.4 4.56 0.10 343.8 4.91
DDH-22-007 272 276.5 Transition 4.5 16.8 1.22 0.79 167.2 2.39
DDH-22-008 240 248 Oxides 8.0 48.9 0.16 - 60.1 0.86
DDH-22-008 327 353 Oxides 26.0 44.0 0.45 - 75.5 1.08
DDH-22-013 175 180 Oxides 5.0 59.6 1.59 - 170.9 2.44
DDH-22-013 186 187 Oxides 1.0 16.4 2.13 - 165.5 2.36
Note: All results in this news release are rounded. Assays are uncut and undiluted. Widths are drilled widths, not true widths.
True widths are estimated to be approximately 80% of the interval widths.
1AgEq & AuEq calculations for reported drill results are based on USD $1,750/oz, $25.00/oz Ag and $3.00/lb Cu. The
calculations assume 100% metallurgical recovery and are indicative of gross in-situ metal value at the indicated metal
prices.
Figure 1 – Diablillos Plan View of Drill Results
Discussion of Drill Hole Results
Hole DDH 22-015 was drilled to test the southwestern extension of the Tesoro Zone. The record high-
grade intercept consisted of 26 metres at 2,358 g/t Ag and 0.36 g/t Au in oxides from 131.5 to 157.5
metres, including 4 metres at 9,488 g/t Ag and 0.69 g/t Au starting at 148.5 metres downhole. The
high-grade intercept in the Tesoro Zone is expected to substantially increase both the tonnage and silver
grades of the existing Mineral Resources classified in the Measured category and could have a marked
positive effect on the project economics. Additional drill holes are planned to test the continuity of this
high-grade zone farther to the southwest in the Phase III program.
Hole DDH 22-006 was an in-fill drill hole which obtained multiple intersects in the oxide zone, including
26 metres at 67 g/t Ag and 1.67 g/t Au from 107 to 133 metres. The hole also obtained high-grade gold
intercepts in oxides with 15 metres at 3.17 g/t AuEq, including a very high-grade interval of 1 metre
grading 23.37 g/t AuEq.
Hole DDH 22-007 was a step-out hole drilled well northeast of the proposed open pit and intersected
numerous narrower zones of mineralization including 3 metres at 4.91 g/t AuEq in the deeper gold zone.
Hole DDH 22-008 was a reconnaissance hole drilled east of Oculto. The hole intersected deep
mineralization in the oxide zone including 26 metres at 44 g/t Ag and 0.45 g/t Au.
Hole DDH 22-013 was drilled in the southwest extension of the shallow gold zone and intersected narrow
zones of gold dominant mineralisation.
Figure 2 – Cross Section (Looking East) with Highlighted intercepts in Hole DDH 22-015
Collar Data
Hole Number UTM Coordinates Elevation Azimuth Dip Depth (m)
DDH 22-006 E720263 N7199549 4,269 0 -60 294
DDH 22-007 E720542 N7199749 4,279 0 -60 300
DDH 22-008 E720688 N7199287 4,393 0 -60 354
DDH 22-013 E720104 N7199327 4,238 0 -60 200
DDH 22-015 E720133 N7199301 4,245 0 -60 200
About Diablillos
The 80 km 2 Diablillos property is located in the Argentine Puna region - the southern extension of the
Altiplano of southern Peru, Bolivia, and northern Chile - and was acquired from SSR Mining Inc. by the
Company in 2016. There are several known mineral zones on the Diablillos property, with the Oculto
zone being the most advanced with over 90,000 metres drilled to date. Oculto is a high-sulphidation
epithermal silver-gold deposit derived from remnant hot springs activity following Tertiarty-age local
magmatic and volcanic activity. Comparatively nearby examples of high sulphidation epithermal deposits
include: Yanacocha (Peru); El Indio (Chile); Lagunas Nortes/Alto Chicama (Peru) Veladero (Argentina);
and Filo del Sol (Argentina).
The most recent Mineral Resource Estimate for the Oculto Deposit is shown in Table 3 below:
Table 3 - 2021 Mineral Resource Estimate for the Oculto Deposit, Diablillos Project
Category Tonnage
(000 t)
Ag
(g/t)
Au
(g/t)
Contained Ag
(000 oz Ag)
Contained Au
(000 oz Au)
Measured 8,235 124 0.98 32,701 259
Indicated 32,958 54 0.70 57,464 744
Measured &
Indicated 41,193 68 0.76 90,165 1,002
Inferred 2,884 34 0.70 3,181 66
Effective September 8, 2021. The Mineral Resource estimate and supporting Technical Report are N.I. 43-101 compliant. Full
details of the Mineral Resources are available in a Company news release dated September 15, 2021. For additional
information please see Technical Report on the Diablillos Project, Salta Province, Argentina, dated October 28, 2021,
completed by Mining Plus, and available on www.SEDAR.com.
QA/QC and Core Sampling Protocols
AbraSilver applies industry standard exploration methodologies and techniques, and all drill core samples
are collected under the supervision of the Company’s geologists in accordance with industry practices.
Drill core is transported from the drill platform to the logging facility where drill data is compared and
verified with the core in the trays. Thereafter, it is logged, photographed, and split by diamond saw prior
to being sampled. Samples are then bagged, and quality control materials are inserted at regular
intervals; these include blanks and certified reference materials as well as duplicate core samples which
are collected in order to measure sample representivity. Groups of samples are then placed in large bags
which are sealed with numbered tags in order to maintain a chain-of-custody during the transport of the
samples from the project site to the laboratory.
All samples are received by the SGS offices in Salta who then dispatch the samples to the SGS
preparation facility in San Juan. From there, the prepared samples are sent to the SGS laboratory in
Lima, Peru where they are analyzed. All samples are analyzed using a multi-element technique
consisting of a four acid digestion followed by ICP/AES detection, and gold is analyzed by 50g Fire Assay
with an AAS finish. Silver results greater than 100g/t are reanalyzed using four acid digestion with an ore
grade AAS finish.
Qualified Persons
David O’Connor P.Geo., Chief Geologist for AbraSilver, is the Qualified Person as defined by National
Instrument 43-101 Standards of Disclosure for Mineral Projects, and he has reviewed and approved the
scientific and technical information in this news release.
About AbraSilver
AbraSilver is a well-funded silver-gold focused advanced-stage exploration company. The Company is rapidly
advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina, which
has a current Measured and Indicated Mineral Resource of over 90 million ounces of silver and 1.0 million ounces
of gold. The updated PEA study completed in November 2021 demonstrates that Diablillos has the potential to be
a highly-economic project. The Company is led by an experienced management team and has long-term supportive
shareholders including Mr. Eric Sprott. In addition, AbraSilver owns a portfolio of earlier-stage copper-gold projects
including the La Coipita copper-gold project in the San Juan province of Argentina. AbraSilver is listed on the TSX-
V under the symbol “ABRA” and in the U.S. under the symbol “ABBRF”.
For further information please visit the AbraSilver Resource website at www.abrasilver.com, our LinkedIn page at
AbraSilver Resource Corp., and follow us on Twitter at www.twitter.com/abrasilver
Alternatively please contact:
John Miniotis, President and CEO
Tel: +1 416-306-8334
Cautionary Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while
considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause
the actual results and future events to differ materially from those expressed or implied by such forward-looking
statements. All statements that address future plans, activities, events or developments that the Company believes,
expects or anticipates will or may occur are forward-looking information. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking
statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release