AbraSilver Reports Final Phase V Drill Results, Highlighted by High-Grade Silver-Gold Intercepts at JAC
Final Phase V results de-risk Diablillos DFS as AbraSilver transitions from explorer to developer under new heavyweight leadership.
The news release dated January 27, 2026, announces the final assay results from the Phase V diamond drilling program at the flagship Diablillos project in Argentina. Key takeaways include: - High-grade silver-gold intercepts at the JAC zone, specifically highlighting continuity between the JAC and Oculto deposits. - Discovery of deep copper-molybdenum-gold mineralization (Hole DDH-25-084A) at Cerro Viejo, indicating porphyry potential. - Definitive Feasibility Study (DFS) is confirmed to be on track for completion in Q2 2026. - Argentina's Large Investment Incentive Regime (RIGI) approval is targeted for the end of Q1 2026. - Environmental Impact Assessment (EIA) approvals are in the final stages of community consultation.
The impact is positive but largely routine as it confirms previous guidance. - Resource De-risking: The final Phase V results provide the geological confidence required for the upcoming Mineral Resource Estimate (MRE) and DFS. By proving continuity between JAC and Oculto, the company likely reduces the strip ratio and increases the mineable inventory. - Strategic Validation: The RIGI approval target (Q1 2026) is a critical fiscal milestone. RIGI provides 30 years of tax and customs stability, which is essential for a project with an initial US$544M CAPEX. - Exploration Continuity: The immediate commencement of the 15,000-meter Phase VI program (announced Jan 13, 2026) shows the company is not waiting for the DFS to find more ounces. - Leadership Context: The appointment of Marie Inkster (former Lundin Mining CEO) as Chair in late 2025 signaled a shift toward major project execution. This news confirms the team is hitting its technical deadlines under her oversight.
AbraSilver Resource Corp. is focused on the Diablillos silver-gold project in the Salta Province of Argentina. - Flagship: Diablillos is an advanced-stage project with an M&I resource of 104 Mt @ 59 g/t Ag and 0.51 g/t Au (350 Moz AgEq). - Processing: The primary plan is a 7,000 tpd tank leach plant producing 13.4 Moz AgEq annually. - Secondary Asset: La Coipita (San Juan, Argentina), a copper-gold porphyry project where Teck Resources has an earn-in option.