AbraSilver Reports Wide, High-Grade Intercepts in the Northeast Zone Well Beyond the Whittle Pit Boundary Including 35.5m at 3.11 g/t Gold-Equivalent Additional Shallow, High-Grade Oxide Intercepts Include 45.5 meters at 1.77 g/t Gold-Equivalent
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AbraSilver Reports Wide, High-Grade Intercepts in the Northeast Zone Well Beyond the
Whittle Pit Boundary Including 35.5m at 3.11 g/t Gold-Equivalent
Additional Shallow, High-Grade Oxide Intercepts Include 45.5 meters at 1.77 g/t Gold-Equivalent
Toronto - December 13, 2021: AbraSilver Resource Corp. (TSX.V:ABRA; OTCQX: ABBRF)
("AbraSilver" or the “Company”) is pleased to announce the latest diamond drill hole assays from the
Company’s ongoing Phase II drill program, on its wholly-owned Diablillos property in Salta Province,
Argentina. The reported drill holes were focused on two key areas: (i) Northeast zone (holes DDH-21-
053, DDH-21-054 and DDH-21-055), and (ii) shallow gold zone (holes: DDH-21-051 and DDH-21-056)
The latest assay result highlights are summarized in Table 1 and Table 2 below.
Results from Northeast Zone
Results include several wide, high-grade oxide gold intercepts in the Northeast zone testing the extension
of the Oculto system well beyond the Whittle pit boundary:
DDH-21-053: 17.0m at 0.81 g/t gold and 88.3 g/t silver (203-220m)
DDH-21-054: 28.5m at 1.00 g/t gold and 55.7 g/t silver (136-164.5m)
DDH-21-055: 35.5m at 2.83 g/t gold and 19.4 g/t silver (230-265.5m)
Table 1 – Drill Results of Holes in Northeast Zone
(Intercepts greater than 2,000 gram-meter 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-21-053 168.5 187 Oxides 18.5 0.03 34.7 0.53 36.8
DDH-21-053 203 220 Oxides 17.0 0.81 88.3 2.07 145.0
DDH-21-053 294 295 Oxides 1.0 1.44 14.2 1.64 115.0
DDH-21-053 312 320 Oxides 8.0 0.96 13.2 1.15 80.4
DDH-21-054 75 104 Oxides 29.0 0.28 62.9 1.18 82.5
DDH-21-054 136 164.5 Oxides 28.5 1.00 55.7 1.80 125.7
DDH-21-054 Including 148.5 159.5 Oxides 11.0 1.92 36.2 2.44 170.6
DDH-21-054 170 174.5 Oxides 4.5 0.55 20.5 0.84 59.0
DDH-21-054 178 181 Oxides 3.0 0.68 13.1 0.87 60.7
DDH-21-054 190 198.5 Oxides 8.5 0.84 14.5 1.05 73.3
DDH-21-054 211 228 Oxides 17.0 0.13 25.1 0.49 34.2
DDH-21-055 135 145 Oxides 10.0 0.78 27.1 1.17 81.7
DDH-21-055 153 158 Oxides 5.0 1.80 31.6 2.25 157.6
DDH-21-055 175 176 Oxides 1.0 1.52 52.2 2.27 158.6
DDH-21-055 202 211 Oxides 9.0 1.02 25.7 1.39 97.1
DDH-21-055 230 265.5 Oxides 35.5 2.83 19.4 3.11 217.5
DDH-21-055 Including 230 243 Oxides 13.0 2.26 25.1 2.62 183.3
DDH-21-055 Including 246 265.5 Oxides 19.5 3.62 17.7 3.87 271.1
Results from Shallow gold zone
Holes DDH-21-051 and DDH-21-056 both encountered wide, consistent intercepts in the shallow gold
zone aimed at testing the western continuation of shallow mineralization at Oculto:
DDH-21-051: 45.5m at 1.24 g/t gold & 37.2 g/t silver, incl. 8m at 4.02 g/t gold & 28.2 g/t silver
DDH-21-056: 25m at 1.74 g/t gold & 35.5 g/t silver, incl. 18m at 2.34 g/t gold & 36.7 g/t silver
Table 2 – Drill Results of Holes in the Shallow Gold Zone
(Intercepts greater than 2,000 gram-meter 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-21-051 13.5 21 Oxides 7.5 0.06 31.8 0.51 36.0
DDH-21-051 49.5 95 Oxides 45.5 1.24 37.2 1.77 124.0
DDH-21-051 Including 69 77 Oxides 8.0 4.02 28.2 4.42 309.6
DDH-21-056 78 103 Oxides 25.0 1.74 35.5 2.25 157.3
DDH-21-056 Including 83 101 Oxides 18.0 2.34 36.7 2.86 200.5
DDH-21-056 107 116 Oxides 9.0 0.09 49.8 0.80 56.1
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 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.
John Miniotis, President and CEO, commented, “Our Phase II program continues to generate results that
indicate excellent potential to further expand Mineral Resources at Diablillos. All holes announced today
were drilled outside of the existing Mineral Resource boundary and demonstrate strong continuity of gold-
silver mineralization over extensive widths. The easternmost hole (DDH 21-053) is located approximately
300 meters beyond the limit of the current Mineral Resource, highlighting the potential for the Northeast
zone to become a significant host of high-grade gold resources.”
Figure 1 – Drill Hole Location Map
Discussion of Drill Hole Results
Hole DDH 21-051 was drilled to test for the western continuation of shallow mineralisation at Oculto. The
hole successfully intersected 45.5 meters of 1.24 g/t gold and 37.2 g/t silver from 49.5 to 95.0 meters,
including 8.0 meters grading 4.02 g/t gold and 28.2 g/t silver from 52.5 to 65.0 meters. This hole
demonstrates the westward extension of substantial shallow mineralisation.
Hole DDH 21-053 was a step-out hole drilled in the extreme east of Oculto to test the extension of system
beyond the Whittle pit margin. The hole intersected numerous zones of oxide mineralisation, with 17.0
meters grading 0.81 g/t gold and 88.3 g/t silver and from 203 to 220 meters and also encountered
deeper oxide intercepts including 8.0 meters grading 0.96 g/t gold and 13.2 g/t silver from 312 to 320
meters. This hole ended in mineralisation at 320 meters. A deeper hole in this area is planned.
Hole DDH 21-054 was drilled in the northeast zone to test the extension of the Oculto system beyond the
Whittle pit margin. The hole intersected gold and silver mineralisation over substantial thicknesses,
demonstrating part of a robust mineralised system that is being drilled systematically.
Hole DDH 21-055 was drilled in the northeast zone to test the extension of the Oculto system beyond the
Whittle pit margin. The hole successfully intersected numerous zones of mineralisation, with 35.5 meters
grading 2.83 g/t gold and 19.4 g/t silver from 230 to 265.5 meters, including 19.5 meters grading 3.62
g/t gold and 17.7 g/t silver.
Hole DDH 21-056 was drilled to test the western extent of shallow mineralisation. The hole intersected
25 meters grading 1.74 g/t gold and 35.5 g/t silver from 78 to 103 meters.
Figure 2 – Cross Section (Looking East) with Highlighted intercepts in Hole DDH 21-051
Figure 3 - Cross Section (Looking East) with Highlighted intercepts in Hole DDH 21-053
Figure 4 – Cross Section (Looking East) with Highlighted intercepts in Hole DDH 21-054
Figure 5 – Cross Section (Looking East) with Highlighted intercepts in Hole DDH 21-055
Figure 6 – Cross Section (Looking East) with Highlighted intercepts in Hole DDH 21-056
Collar Data
Hole Number UTM Coordinates Elevation Azimuth Dip Depth
DDH 21-050 E720050 N7199374 4,227 0 -60 53.5
DDH 21-051 E712000 N7199440 4,216 0 -60 150.5
DDH 21-052 E720111 N7199376 4,242 0 -60 53
DDH 21-053 E720668 N7199490 4,346 2.5 -60 320
DDH 21-054 E720575 N7199525 4,330 180 -60 300.6
DDH 21-055 E720464 N7199668 4,277 0 -60 266
DDH 21-056 E719970 N7199121 4,197 0 -60 125
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 3 below:
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 0.70 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 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. 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 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