AbraSilver Reports Best Intercept to Date From Current Drill Program at Diablillos 140 Metres Grading 301 g/t AgEq (4.3 g/t AuEq) Includes Impressive 13 Metre Interval Grading 1,029 g/t AgEq (14.7 g/t AuEq) in Oxides
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www.abrasilver.com
AbraSilver Reports Best Intercept to Date From Current Drill Program at Diablillos
140 Metres Grading 301 g/t AgEq (4.3 g/t AuEq)
Includes Impressive 13 Metre Interval Grading 1,029 g/t AgEq (14.7 g/t AuEq) in Oxides
Toronto - April 11, 2022: AbraSilver Resource Corp. (TSX.V: ABRA; OTCQX: ABBRF) ("AbraSilver"
or the “Company”) is pleased to announce assay results from three new diamond drill holes from the
ongoing Phase II drill program on the Company’s wholly owned Diablillos property in Salta Province,
Argentina. Highlight intercepts include:
Hole DDH 22-004 returned the thickest, high-grade intercept on record at the project with 140
metres at 301 g/t AgEq (219 g/t Ag and 1.17 g/t Au), including 13 metres at 1,029 g/t AgEq
(951 g/t Ag and 1.12 g/t Au) in the Tesoro Zone; and
Hole DDH 22-002 intersected multiple zones of shallow gold and silver mineralization, with 44
metres at 256 g/t AgEq (116 g/t Ag and 2.00 g/t Au); including 10 metres at 669 g/t AgEq (197
g/t Ag and 6.74 g/t Au) in the southwestern extension of the Main Breccia.
John Miniotis, President and CEO, commented, “We are delighted to continue to receive additional wide,
high-grade intercepts from our ongoing exploration program. Hole 22-004 is the thickest high-grade
intercept ever recorded on the Diablillos project and will serve to augment the Measured Mineral
Resources associated with the Tesoro Zone. Additionally, holes 22-001 and 22-002 will add to the
shallow Mineral Resources within the conceptual open pit which should result in further improvement to
the economics of the project. All of our Phase II drill results will be incorporated into an updated Mineral
Resource estimate which remains on schedule for the third quarter of 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)
Ag
g/t
Au
g/t
AgEq1
g/t
AuEq1
g/t
DDH-22-001 54 78.5 Oxides 24.5 57.8 0.71 107.5 1.54
DDH-22-001 103.5 149 Oxides 45.5 59.2 0.31 80.9 1.16
DDH-22-001 Including 103.5 123 Oxides 19.5 98.4 0.19 111.7 1.60
DDH-22-002 75.5 83.5 Oxides 8.0 35.4 2.30 196.4 2.81
DDH-22-002 92.5 136.5 Oxides 44.0 115.8 2.00 255.8 3.65
DDH-22-002 Including 104.5 125.5 Oxides 21.0 162.3 3.73 423.4 6.05
DDH-22-002 Including 106.5 116.5 Oxides 10.0 196.7 6.74 668.5 9.55
DDH-22-002 138.5 144.5 Oxides 6.0 326.8 0.12 335.2 4.79
DDH-22-004 31 38 Oxides 7.0 20.8 0.83 78.9 1.13
DDH-22-004 131 271 Oxides 140.0 219.0 1.17 300.9 4.30
DDH-22-004 Including 146 203 Oxides 57 368.8 0.81 425.5 6.08
DDH-22-004 Including 176 189 Oxides 13 950.9 1.12 1,029.3 14.70
DDH-22-004 278.5 284 Oxides 5.5 207.5 0.44 238.3 3.40
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 and $25.00/oz Ag. 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 22-001 was drilled to test for shallow oxide mineralisation in the northern part of the Oculto
zone (West Breccia). The hole successfully intersected two mineralised zones, with 24.5 metres at 58
g/t Ag and 0.71 g/t Au from 54 to 78.5 meters, and 45.5 metres at 59 g/t Ag and 0.31 g/t Au from 103.5
to 149.0 meters.
Hole DDH 22-002 was drilled to test for shallow oxide mineralization at Oculto in the southwestern part
of the Main Breccia. The hole intersected several mineralised zones, with 44.0 metres at 116 g/t Ag and
2.00 g/t Au from 92.5 to 136.5 metres, including 10.0 metres at 197 g/t Ag and 6.74 g/t Au from 106.5
to 116.5 meters. A further intercept was encountered totaling 6.0 metres at 327 g/t Ag and 0.12 g/t Au
from 138.5 to 144.5 meters.
The intercepts in holes DDH 22-001 and DDH 22-002 are expected to help further expand shallow Mineral
Resources within the proposed open pit and reduce the overall stripping ratio.
Hole DDH 22-004 was drilled perpendicular to the intersection of the Main and Cross Breccias to test the
true thickness of the high-grade Tesoro Zone. The hole encountered several high-grade mineralised
zones including 140 metres at 219 g/t Ag and 1.17 g/t Au from 131.0 to 271.0 meters, including 57
metres at 369 g/t Ag and 0.81 g/t Au, as well as 13 metres at 951 g/t Ag and 1.12 g/t Au. This wide
high-grade intercept of gold and silver mineralization is expected to add substantially to the Measured
Mineral Resources at Oculto.
Exploration Outlook
A total of 15,668 metres has now been completed as part of the Company’s 20,000 metre Phase II
exploration program at Diablillos. Drills are focused on expanding mineralization for inclusion in the next
Mineral Resource Estimate, anticipated in the third quarter 2022, as well as in-fill drilling (estimated 25
metre spacing) to reclassify existing Indicated Mineral Resources to the Measured category. To date,
our Phase II drill results reveal the exceedingly high-grade nature of the Diablillos project and validates
the Company’s geological model. The best results to date are summarized in Table 1, below.
Table 1 – Diablillos Project – Top Phase II Drill Intercepts Reported To Date
Hole From (m) To (m) Type Interval
(m)
Ag (g/t) Au (g/t) AgEq1
(g/t)
AuEq1
(g/t)
22-004 131 271 Oxides 140.0 219.0 1.17 300.9 4.30
21-038 112 221.3 Oxides 109.3 176.8 1.53 283.9 4.06
21-067 242 308 Oxides 66.0 57.0 1.90 190.0 2.71
21-068 89 146 Oxides 57.0 108.0 1.47 210.9 3.01
21-022 192 245 Oxides 53.0 33.3 2.49 207.6 2.97
1 AgEq & AuEq calculations for reported drill results are based on USD $1,750/oz Au and $25.00/oz Ag. The calculations
assume 100% metallurgical recovery and are indicative of gross in-situ metal value at the indicated metal prices.
Figure 2 – Cross Section (Looking East) with Highlighted intercepts in Hole DDH 22-001
Figure 3 - Cross Section (Looking East) with Highlighted intercepts in Hole DDH 22-002
Figure 4 - Cross Section (Looking East) with Highlighted intercepts in Hole DDH 22-004
Collar Data
Hole Number UTM Coordinates Elevation Azimuth Dip Depth
DDH 22-001 E720249 N7199629 4,253 0 -60 149
DDH 22-002 E720028 N7199178 4,211 0 -60 176
DDH 22-003 E720405 N7199772 4,259 180 -60 374
DDH 22-004 E720291 N7199330 4,292 315 -60 338
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