AbraSilver Commences Maiden Drilling Campaign at the La Coipita Copper-Gold Project in San Juan, Argentina
220 Bay Street, Suite 550, Toronto, ON, M5J 2W4
www.abrasilver.com
AbraSilver Commences Maiden Drilling Campaign at the La Coipita Copper-Gold Project
in San Juan, Argentina
Toronto – January 24, 2022: AbraSilver Resource Corp. (TSX.V:ABRA; OTCQX: ABBRF)
("AbraSilver" or the “Company”) is pleased to announce the commencement of its maiden drill campaign
at the La Coipita project (“La Coipita” or the “Project”) located in the San Juan province of Argentina
adjacent to the Chilean border.
The Company has an option agreement to acquire a 100% interest in the Project which encompasses a
large area, totaling approximately 70,000 hectares, in the western portion of the Calingasta Department
(see Aug. 17, 2021, news release). The initial drilling program is expected to consist of approximately
3,000 meters of HQ diamond core drilling in six, 500-meter-deep holes. A follow-up drill program will be
considered following receipt of the initial results.
David O’Connor, Chief Geologist of AbraSilver, commented, “We are extremely pleased that our maiden
drill campaign has commenced at La Coipita. The Project has significant potential with multiple strong
drill targets seen at surface. The target areas identified have coincident geological, geochemical and
geophysical features that are consistent with the presence of a copper-gold mineralised porphyry
intrusive and associated high sulphidation gold-silver mineralization.”
La Coipita Exploration Targets
The Project is located in the San Juan Province in a geological setting similar to world-class deposits in
the same belt, including the Filo del Sol and Los Azules projects, where porphyry style mineralisation is
found immediately beneath epithermal mineralization. While the initial holes are currently being planned
to a depth of approximately 500 meters, the Company will evaluate drilling progress to see if deepening
any holes is warranted to test for deeper underlying porphyry mineralisation.
The initial drill program will test several high-priority targets including the Yareta high sulphidation target
area where previous drilling obtained a number of high-grade copper and gold intercepts.
Reconnaissance exploration work completed by AbraSilver has shown that mineralisation in this area is
expected to be more widespread than the zone previously drilled in 1997.
The locations of the initial six drill holes are shown in Figure 1 below. Interestingly, excavation of the drill
platform for Hole DDH-22-001 exposed mineralisation indicative of the copper-iron sulphate mineral
chalcanthite in a system of veinlets that likely represents the weathered product of underlying sulphide
mineralisation as shown in Figure 2.
Figure 1 – La Coipita Drilling Targets
Figure 2 – Outcropping Copper Sulphate Mineralisation at Drill Platform for Hole 22-001
Technical information in this news release has been approved by David O’Connor P.Geo., Chief
Geologist for AbraSilver, and a Qualified Person as defined by National Instrument 43-101 Standards of
Disclosure for Mineral Projects.
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 containing over 90 million ounces of silver and 1.0
million ounces of gold. The Company is led by an experienced management team and has long-term supportive
shareholders including Mr. Eric Sprott and SSR Mining. In addition, AbraSilver owns a portfolio of earlier-stage
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.
The Diablillos 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 the Technical Report on the Diablillos Project, Salta Province, Argentina, dated October 28, 2021, completed
by Mining Plus, and available on www.SEDAR.com.
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