AbraSilver Commences Phase VI Drill Program at Diablillos and Reports Assay Results
AbraSilver Aggressively Bridges to DFS as Porphyry Potential Looms Beneath Oxide Silver Foundation
The latest news release (January 13, 2026) announces the commencement of a fully funded 15,000-metre Phase VI diamond drilling program at the Diablillos project in Salta, Argentina. This program utilizes two drill rigs and focuses on expanding and upgrading Mineral Resources, specifically targeting zones like Oculto East, JAC, and several exploration targets. Additionally, the company reported final Phase V assay results from the JAC area, confirming shallow silver mineralization (e.g., 48.0m at 47.2 g/t Ag in hole DDH-25-093). Management confirmed that the Phase V results will be incorporated into an updated Mineral Resource Estimate (MRE), which will serve as the foundation for a Definitive Feasibility Study (DFS) expected in Q2 2026.
The impact of this news is Material - Positive for several reasons: - De-risking and Timeline: The transition from Phase V to Phase VI demonstrates steady operational execution. More importantly, it locks in the data cutoff for the DFS (Q2 2026), providing a clear pathway to a construction decision in H2 2026. - Resource Continuity: While the JAC assays are not as high-grade as earlier "discovery" holes, they confirm the scale and continuity of the silver oxide system, which is vital for the upcoming DFS economics. - Strategic Focus: The company is successfully running a dual-track strategy: finalizing the known oxide resource for production while simultaneously exploring the massive porphyry potential (copper-gold-molybdenum) identified in December 2025. - Funding: The program is "fully funded," which is verified by the massive October 2025 financing ($48M+).
AbraSilver is a Canadian-listed developer focused on the Diablillos silver-gold project in the Salta Province of Argentina. - Flagship Project: Diablillos is a high-sulfidation epithermal deposit. The July 2025 MRE boasts 199 Moz Silver and 1.7 Moz Gold in the Measured & Indicated (M&I) category (350 Moz AgEq). - Stage: Pre-Feasibility Study (PFS) completed Dec 2024; DFS underway. - Secondary Asset: La Coipita (San Juan, Argentina), a large-scale copper-gold porphyry project currently being drilled and funded by Teck Resources under an earn-in agreement.