AbraSilver Intersects Additional High-Grade Silver & Gold Mineralization: 109m at 292 g/t AgEq, Including 6m at 1,180 g/t AgEq Additional 250-Metre Step-Out Hole in Northeast zone Intersects: 21m at 6.0 g/t gold-equivalent in oxides
220 Bay Street, Suite 550, Toronto, ON, M5J 2W4
www.abrasilver.com
AbraSilver Intersects Additional High-Grade Silver & Gold Mineralization:
109m at 292 g/t AgEq, Including 6m at 1,180 g/t AgEq
Additional 250-Metre Step-Out Hole in Northeast zone Intersects: 21m at 6.0 g/t gold-equivalent in oxides
Toronto - September 16, 2021: AbraSilver Resource Corp. (TSX.V:ABRA; OTCQX: ABBRF)
("AbraSilver" or the “Company”) is pleased to report additional high-grade 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.
Hole DDH 21-038 was drilled in the Tesoro zone as part of a program to continue to upgrade Indicated
Resources to the Measured category, while hole DDH 21-039 was drilled in the Northeast zone
approximately 250 metres beyond the open pit resource shell. Assay results from the two key highlight
holes are summarized in Table 1 below, with results from all additional holes included in Table 2.
Table 1 – Drill Result Highlights of Holes DDH 21-038 & 21-039
(Intercepts greater than 2,000 gram-metre 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-21-038 112 221.3 Oxides 109.3 176.8 1.53 - 291.6 3.89
DDH-21-038 Including 136 142 Oxides 6.0 1,164.3 0.21 - 1,180.1 15.73
DDH-21-038 Including 155 165 Oxides 10.0 179.0 0.99 - 253.3 3.38
DDH-21-038 Including 182.8 208.5 Oxides 25.7 125.0 5.20 - 515.0 6.87
DDH-21-038 Including 214 217 Oxides 3.0 226.6 1.16 - 313.6 4.18
DDH-21-039 139 141 Oxides 2.0 84.3 - 1.06 193.3 2.58
DDH-21-039 159 160 Oxides 1.0 181.7 0.16 - 193.7 2.58
DDH-21-039 168 169.4 Oxides 1.4 12.6 1.30 - 110.1 1.47
DDH-21-039 170.5 174.5 Oxides 4.0 67.3 3.82 - 353.8 4.72
DDH-21-039 194 215 Oxides 21.0 50.6 5.30 - 448.1 5.97
DDH-21-039 234.5 235.5 Oxides 1.0 78.3 1.79 - 212.6 2.83
DDH-21-039 243 247 Sulphides 4.0 45.3 2.05 0.83 284.4 3.79
DDH-21-039 251 252 Sulphides 1.0 10.2 1.07 - 90.5 1.21
DDH-21-039 273 277 Sulphides 4.0 7.1 0.75 0.09 72.6 0.97
DDH-21-039 285.5 287 Sulphides 1.5 36.8 3.26 0.75 358.4 4.78
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, “Today’s announcement demonstrates further continuity
of high-grade gold mineralization for hundreds of metres beyond the open pit resource in the Northeast
Zone. Yesterday we announced that M&I Resources at Oculto increased by 37% for gold and 11% for
silver. We remain highly encouraged by the results from our ongoing Phase II drill program which clearly
demonstrates significant potential for additional mineral growth.”
Figure 1 – Drill Hole Location Map
Discussion of Drill Hole Results
Hole DDH 21-038 was drilled in the high-grade Tesoro zone in order to upgrade more high-grade
Indicated resources to the Measured category. This hole intersected 109.3 metres of 176.8 g/t silver
and 1.53 g/t gold from 112 to 221.3 metres, including 25.7 metres of 125.0 g/t silver and 5.20 g/t gold
within the oxide zone. In the silver enriched layer, a significant high-grade interval of 6 metres of 1,164
g/t silver and 0.21 g/t gold was encountered. These intercepts support the continuity of the shallowly
dipping secondary enriched silver layer and the underlying gold dominant layer that extend within the
mineralised system.
DDH 21-039 was drilled in the Northeast zone approximately 250 metres beyond the open pit resource
shell. The hole has numerous intercepts with significant gold and silver mineralisation over substantial
widths, including 21.0 metres of 50.6 g/t silver and 5.30 g/t gold from 194 to 215 metres. This is a part
of a robust mineralised system associated with silicification and fracturing in the oxide zone extending
northeast of the Oculto resources.
Systematic drilling is ongoing as part of the Phase II drill program aimed at further expanding the recently
announced updated Mineral Resource Estimate (see news release dated September 15, 2021).
Figure 2 – Cross Section (Looking East) with Highlighted intercepts in Hole DDH 21-038
Figure 3 - Cross Section (Looking East) with Highlighted intercepts in Hole DDH 21-039
Table 2 – Drill Result Highlights of Holes DDH 21-029 - DDH 21-039
Drill Hole Zone
From
(m)
To
(m) Type
Interval
(m)
Ag
g/t
Au
g/t
Cu
%
DDH-21-029 Pedernales 83 87 Oxides 4.0 - 2.46 -
DDH-21-029 135 148 Oxides 13.0 - 0.76 0.51
DDH-21-030 Northeast 74 85 Oxides 11.0 30.6 - -
DDH-21-030 92 135.5 Oxides 43.5 36.5 0.70 -
DDH-21-030 174 181 Oxides 7.0 42.5 0.17 -
DDH-21-031 Corderos 15 17 Oxides 2.0 5.2 1.43 -
DDH-21-031 28 31 Oxides 3.0 28.0 2.34 -
DDH-21-032 Pedernales 68.5 76 Oxides 7.5 - 1.56 -
DDH-21-033 Laderas 33.5 44 Oxides 10.5 30.1 0.42 -
DDH-21-033 227 231 Sulphides 4.0 286.1 0.53 4.00
DDH-21-034 Corderos 31 38 Oxides 7.0 13.5 3.51 -
DDH-21-035 Northeast 136 137 Sulphides 1.0 45.2 1.68 1.45
156 157 Oxides 1.0 5.6 1.08 -
169.5 171.5 Sulphides 2.0 67.6 2.90 0.95
174 184 Oxides 10.0 11.7 1.92 -
194.5 197.5 Oxides 3.0 7.0 1.00 0.09
273 282 Oxides 9.0 18.5 1.04 -
DDH-21-038 Tesoro 112 221.3 Oxides 109.3 176.8 1.53 -
DDH-21-038 136 142 Oxides 6.0 1,164.3 0.21 -
DDH-21-038 155 165 Oxides 10.0 179.0 0.99 -
DDH-21-038 182.8 208.5 Oxides 25.7 125.0 5.20 -
DDH-21-038 214 217 Oxides 3.0 226.6 1.16 -
DDH-21-039 Northeast 139 141 Oxides 2.0 84.3 - 1.06
DDH-21-039 159 160 Oxides 1.0 181.7 0.16 -
DDH-21-039 168 169.4 Oxides 1.4 12.6 1.30 -
DDH-21-039 170.5 174.5 Oxides 4.0 67.3 3.82 -
DDH-21-039 194 215 Oxides 21.0 50.6 5.30 -
DDH-21-039 234.5 235.5 Oxides 1.0 78.3 1.79 -
DDH-21-039 243 247 Sulphides 4.0 45.3 2.05 0.83
DDH-21-039 251 252 Sulphides 1.0 10.2 1.07 -
DDH-21-039 273 277 Sulphides 4.0 7.1 0.75 0.09
DDH-21-039 285.5 287 Sulphides 1.5 36.8 3.26 0.75
Collar Data
Hole Number UTM Coordinates Elevation Azimuth Dip Depth
DDH 21-029 E721265 N7203694 4,242 0 -60 161
DDH 21-030 E720274 N7199678 4,248 180 -60 275.5
DDH 21-031 E721307 N7204118 4,180 0 -60 150
DDH 21-032 E721316 N7203694 4,232 0 -60 194
DDH 21-033 E720493 N7200250 4,244 0 -60 235
DDH 21-034 E721269 N7204130 4,173 33 -60 74
DDH 21-035 E720760 N7200161 4,265 180 -60 286
DDH 21-038 E720206 N7199294 4,263 0 -60 320
DDH 21-039 E720402 N7199880 4,252 180 -60 314
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 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)
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.
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