AbraSilver Continues to Extend Mineralisation Beyond Open Pit Margin Intersecting 57m at 3.01 g/t Gold-Equivalent in Oxides at Diablillos High-Grade Intercept Includes 17m at 6.16 g/t Gold-Equivalent (431 g/t Silver-Equivalent)
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www.abrasilver.com
AbraSilver Continues to Extend Mineralisation Beyond Open Pit Margin Intersecting
57m at 3.01 g/t Gold-Equivalent in Oxides at Diablillos
High-Grade Intercept Includes 17m at 6.16 g/t Gold-Equivalent (431 g/t Silver-Equivalent)
Toronto - March 10, 2022: AbraSilver Resource Corp. (TSX.V: ABRA; OTCQX: ABBRF)
("AbraSilver" or the “Company”) is pleased to announce the latest diamond drill hole assays from the
ongoing Phase II drill program on the Company’s wholly-owned Diablillos property in Salta Province,
Argentina. The latest step-out drill holes continue to confirm the existence of broad intervals of silver and
gold mineralization in both directions along strike beyond the current conceptual Preliminary Economic
Assessment (“PEA”) open pit margin.
John Miniotis, President and CEO, commented, “Today’s drill results highlight the significant opportunity
for AbraSilver to increase Mineral Resources beyond the levels included in the estimate announced in
September 2021. The ongoing Phase II drill program results continue to confirm that the high-grade
oxide mineralization extends along strike beyond the conceptual PEA open pit boundary, both towards
the southwest and northeast. Additionally, we also continue to extend the mineralization at depth where
we are now planning a systematic drilling program to test the extent of the deeper sulphide mineralisation
later on this year.”
The latest assay result highlights are summarized in Table 1 below.
Table 1 – Drill Result Highlights
(Intercepts greater than 2,000 gram-meters AgEq shown in bold text):
Drill Hole
From
(m)
To
(m) Type
Interval
(m)
Au
g/t
Ag
g/t
AuEq1
g/t
AgEq1
g/t
DDH-21-067 96 98 Oxides 2.0 0.90 18.2 1.16 81.2
DDH-21-067 126.5 129.5 Oxides 3.0 - 40.2 0.57 40.2
DDH-21-067 137 193 Oxides 56.0 - 83.5 1.19 83.5
DDH-21-067 242 308 Oxides 66.0 1.90 57.0 2.71 190.0
DDH-21-067 Including 295 304 Oxides 9.0 4.02 94.2 5.37 375.6
DDH-21-067 317 318.2 Oxides 1.2 1.00 51.8 1.74 121.8
DDH-21-067 323 326 Oxides 3.0 0.81 21.5 1.12 78.2
DDH-21-068 19.5 22.5 Oxides 3.0 - 23.6 0.34 23.6
DDH-21-068 61 63 Oxides 2.0 0.15 31.25 0.60 41.8
DDH-21-068 89 146 Oxides 57.0 1.47 108.0 3.01 210.9
DDH-21-068 Including 104 121 Oxides 17.0 4.65 105.6 6.16 431.1
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.
1 AgEq & AuEq calculations for reported drill results are based on USD $1,750/oz Au, $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 – Drill Hole Location Map
Discussion of Drill Hole Results
Hole DDH 21-067 was drilled to test the north-eastern extension of the Main Breccia, while hole DDH 21-
068 was drilled to test the south-western extension of the Main Breccia. Both holes were drilled on the
margin of the conceptual PEA open pit to test the expansion potential of the pit to incorporate more
mineral resources.
Hole DDH 21-067 intersected several high-grade mineralised zones, including 56.0 meters at 83.5 g/t
silver from 137 to 193 meters, and 66.0 meters at 1.90 g/t gold and 57.0 g/t silver from 242 to 308
meters, including 9.0 meters at 4.02 g/t silver and 94.2 g/t silver.
Hole DDH 21-068 intersected 57.0 meters at 1.47 g/t gold and 108.0 g/t silver from 89 to 146 meters,
including 17.0 meters at 4.65 g/t gold and 105.6 g/t silver.
These two holes show high-grade mineralisation at the margins of the conceptual open pit and
demonstrate the potential for expansions of the pit both towards the southwest and northeast.
Figure 2 – Cross Section (Looking East) with Highlighted intercepts in Hole DDH 21-067
Figure 3 - Cross Section (Looking East) with Highlighted intercepts in Hole DDH 21-068
Collar Data
Hole Number UTM Coordinates Elevation Azimuth Dip Depth
DDH 21-067 E720366 N7199356 4,321 0 -60 356
DDH 21-068 E720057 N7199207 4,221 0 -60 161
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 meters 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 Mineral Resource for the Oculto Deposit is shown in Table 2 below:
Table 2 - 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 and SSR Mining. 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