AbraSilver Continues to Drill High-Grade Gold at Diablillos, with 36 Metres of 2.32 g/t Gold Intersected at Oculto East
Highlight Drill Results - Widths are reported as drilled; true widths are not yet known.
Cerro Viejo: Both holes drilled at Cerro Viejo intersected continuous gold mineralization from surface, interpreted to represent the upper levels of a mineralized porphyry system:
DDH 25-050: 128.0 metres ("m") at 0.24 g/t gold from surface
DDH 25-056: 200.0 m grading 0.32 g/t gold from surface, including:
10.0 m at 1.10 g/t (oxides, from 21 m downhole)
11.0 m at 0.33 g/t gold and 0.46% copper (sulphides, from 49 m)
Oculto East: Both holes intersected broad zones of oxide gold mineralization, with DDH 25-078 returning multiple high-grade intervals and DDH 25-081 confirming additional consistent gold zones within the broader mineralized corridor, which drilling continues to expand. Importantly, holes 78 and 81 represent two distinct sub-parallel zones of mineralization at Oculto East, located approximately 500 metres apart, further demonstrating the scale and continuity of this system.
DDH 25-078 returned several high-grade gold intercepts within a ~100-metre-thick mineralized package, including:
25.0 m grading 1.67 g/t gold (from 178 m) including 2.0 m at 11.14 g/t gold;
6.0 m grading 4.64 g/t gold (211 m);
36.0 m grading 2.32 g/t gold (240 m) including 11.0 m grading 3.76 g/t gold
DDH 25-081 also encountered several oxide gold zones, including:
8.0 m grading 0.76 g/t gold (267 m);
10.0 m grading 0.72 g/t gold (341 m);
John Miniotis, President and CEO, commented, "Our drilling continues to deliver excellent results across multiple high-priority targets at Diablillos. At Oculto East, we are consistently intersecting thick zones of high-grade oxide gold mineralization that continue to expand the known mineralized footprint. In parallel, the initial results from Cerro Viejo highlight the potential for a robust gold-copper porphyry system. Together, these results underscore the strong growth potential across the broader Diablillos project."
RIGI Application and Definitive Feasibility Study ("DFS")
The Company has now completed all required work for the application under Argentina's Large Investment Incentive Regime ("RIGI"), which is expected to be formally submitted in the near-term. RIGI is a new federal investment framework designed to attract and accelerate major development projects by providing long-term fiscal stability and a competitive suite of tax, customs, and foreign-exchange benefits.
The design and engineering work for the DFS is nearing completion and planning for early works activities is advancing on schedule. Metallurgical test work and all site investigation activities are completed, with final optimization parameters established for the updated open pit mine plan. The technical team is preparing for third party reviews at the 80% completion milestone over the coming weeks. The DFS remains on track for completion in H1 2026, at which time the project will be ready to advance with early works activities and a final investment decision.