AbraSilver Continues to Extend Shallow Mineralization in Broad Intercepts Northeast and West of the Main Oculto Zone; 39.5m at 234 g/t AgEq (3.12 g/t AuEq) Near-Surface, High-Grade Oxide Intercepts Include 6 meters at 709 g/t Ag, 1.14 g/t Au (795 g/t AgEq)
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www.abrasilver.com
AbraSilver Continues to Extend Shallow Mineralization in Broad Intercepts Northeast
and West of the Main Oculto Zone; 39.5m at 234 g/t AgEq (3.12 g/t AuEq)
Near-Surface, High-Grade Oxide Intercepts Include 6 meters at 709 g/t Ag, 1.14 g/t Au (795 g/t AgEq)
Toronto - October 13, 2021: AbraSilver Resource Corp. (TSX.V:ABRA; OTCQX: ABBRF)
("AbraSilver" or the “Company”) is pleased to announce additional significant drill results from the latest
diamond drill holes of the Company’s ongoing Phase II drill program, on its wholly-owned Diablillos
property in Salta Province, Argentina.
The latest assay result highlights are summarized in Table 1 below. Hole DDH 21-046 was drilled to test
the northeastern extension of the Oculto system beyond the existing open pit boundary. Holes DDH 21-
047 and DDH 21-048 were drilled to test the western extension of shallow mineralization, and hole DDH
21-049 tested the depth extent of the northern margin of the Oculto system.
Table 1 – Drill Results of Highlight Holes
(Intercepts greater than 2,000 gram-meter 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-21-046 84.5 124 Oxides 39.5 200.5 0.45 - 234.3 3.12
DDH-21-046 Including 106 112 Oxides 6.0 709.0 1.14 - 794.5 10.59
DDH-21-046 141 150 Oxides 9.0 21.3 1.43 - 128.6 1.71
DDH-21-046 Including 148 150 Oxides 2.0 39.0 3.23 - 281.3 3.75
DDH-21-046 157 158 Oxides 1.0 26.4 1.13 - 111.2 1.48
DDH-21-046 186.5 198 Oxides 11.5 22.6 2.00 - 172.6 2.30
DDH-21-046 Including 187.5 192 Oxides 4.5 34.1 3.69 - 310.9 4.14
DDH-21-046 209 215 Oxides 6.0 26.5 2.32 - 200.5 2.67
DDH-21-046 235.5 241.5 Oxides 6.0 28.4 3.24 - 271.4 3.62
DDH-21-047 1 10 Oxides 9.0 74.3 0.09 - 81.1 1.08
DDH-21-048 42.5 85.5 Oxides 43.0 76.7 1.07 - 157.0 2.09
DDH-21-048 Including 53.5 69 Oxides 15.5 128.1 2.09 - 284.9 3.80
DDH-21-048 113 132 Oxides 19.0 60.3 0.15 - 71.6 0.95
DDH-21-049 157 189.5 Oxides 32.5 52.9 0.14 - 63.4 0.85
DDH-21-049 260 277.5 Oxides 17.5 25.3 2.64 - 223.3 2.98
DDH-21-049 Including 268 274 Oxides 6.0 25.8 4.82 - 387.3 5.16
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 $20.00/oz Ag, $1,500/oz Au 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. Refer to Technical Notes below for additional information.
John Miniotis, President and CEO, commented, “We are excited with today’s results which continue to
demonstrate the excellent exploration upside potential at Diablillos. Holes DDH 21-046, DDH 21-047
and DDH 21-048 continue to extend the shallow mineralisation zones both towards the northeast and
towards the west. Moreover, hole DDH 21-049 intercepted high-grade gold mineralisation beyond the
northern margin of the main Oculto mineralised zone, which will be followed-up by additional drilling.”
Figure 1 – Drill Hole Location Map
Discussion of Drill Hole Results
Hole DDH 21-046 was drilled to test the northeastern extension of the Oculto system beyond the existing
open pit boundary. The hole successfully intersected numerous zones of oxide mineralisation, with an
intercept of 39.5 meters grading 200.5 g/t silver and 0.45 g/t gold from 84.5 to 124 meters, including
6 meters grading 709.0 g/t silver and 1.14 g/t gold from 106 to 112 meters. The hole also intersected
several deeper oxide intercepts including 4.5 meters grading 34.1 g/t silver and 3.69 g/t gold from
187.5 to 192 meters.
Holes DDH 21-047 and DDH 21-048 were drilled to test the western extension of shallow mineralisation
and intersected separate zones. Hole DDH 21-048 intersected a broad, near-surface interval of 43
meters grading 76.7 g/t silver and 1.07 g/t gold from 42.5 to 85.5 meters , including 15.5 meters
grading 128.1 g/t silver and 2.09 g/t gold from 53.5 to 69.0 meters.
Hole DDH 21-049 tested the depth extent of the northern margin of the Oculto system and successfully
intersected several mineralised zones in oxides, with 17.5 meters grading 25.3 g/t silver and 2.64 g/t
gold from 260 to 277.5 meters, including 6 meters at 25.8 g/t silver and 4.82 g/t gold.
Figure 2 – Cross Section (Looking East) with Highlighted intercepts in Hole DDH 21-046
Figure 3 - Cross Section (Looking East) with Highlighted intercepts in Holes DDH 21-047 and DDH 21-048
Figure 4 – Cross Section (Looking East) with Highlighted intercepts in Hole DDH 21-049
Collar Data
Hole Number UTM Coordinates Elevation Azimuth Dip Depth
DDH 21-046 E720337 N7199750 4,250 180 -60 260
DDH 21-047 E720065 N7199316 4,227 0 -60 50
DDH 21-048 E720050 N7199416 4,228 0 -60 161
DDH 21-049 E720238 N7199471 4,275 0 -60 290.5
About Diablillos
The 80 km2 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 approximately 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).
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 0.7 3,181 66
Effective September 8, 2021. The resource estimate is N.I. 43-101 compliant. Full details of the Mineral Resources are
available in a Company news release dated September 15, 2021. The full technical report, which is being prepared in
accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI-43-101”) by Mining Plus, will
be available on SEDAR (www.sedar.com) under the Company’s issuer profile within 45 days of the news release dated
September 15, 2021.
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, has reviewed and approved the
scientific and technical information in this news release.
Technical Notes
All results in this news release are rounded. Assays are uncut and undiluted. Intervals are drilled
widths, not true widths. AgEq calculations for reported drill results are based on USD $20.00/oz Ag,
$1,500/oz Au 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. No metallurgical testwork has yet been
completed on the recovery of copper.
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 Measured and Indicated resource base of over 160Moz on a silver-equivalent basis or 2.3Moz on a gold-
equivalent basis. 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 Arcas project in Chile where Rio Tinto has an option to earn up to a 75%
interest by funding up to US$25 million in exploration. 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 is N.I. 43-101 compliant. Full details of the Mineral Resources are available in a
Company news release dated September 15, 2021. The full technical report, which is being prepared in accordance
with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI-43-101”) by Mining Plus, will be
available on SEDAR (www.sedar.com) under the Company’s issuer profile within 45 days of the news release dated
September 15, 2021.
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