AbraSilver Completes Condoryacu Acquisition; Intersects 72 Metres Grading 18.7 g/t Gold, 117 g/t Silver and 2.06% Copper from Surface
AbraSilver hits record gold grades at newly acquired Condoryacu as Diablillos nears final feasibility
The most recent news (March 30, 2026) announces the completion of the Condoryacu and María Amalia property acquisitions for a combined US$2.75M. Crucially, initial Phase VI drilling at the new Condoryacu target returned a "standout" intercept of 72 meters grading 18.7 g/t Au, 117 g/t Silver, and 2.06% Copper starting from surface. This represents the highest gold grade-thickness intersection ever recorded in the Diablillos district. Additionally, drilling at Oculto East (207.5m of oxide mineralization) continues to extend the potential open-pit limits. The company remains on track for a Definitive Feasibility Study (DFS) and updated Mineral Resource Estimate (MRE) in Q2 2026.
The news is Material - Positive for three primary reasons: - Exploration Breakthrough: The Condoryacu results (18.7 g/t Au over 72m) are significantly higher grade than the current Diablillos M&I resource average (0.66 g/t Au). This suggests the potential for a high-grade "sweetener" or satellite pit that could drastically improve early-year project economics. - Strategic De-risking: The formal approval for Argentina’s RIGI (Large Investment Incentive Regime) announced on March 2, 2026, provides long-term fiscal stability, tax benefits, and foreign exchange certainty, which is critical for a project with a US$544M initial CAPEX. - Execution Consistency: Management is hitting stated milestones, including property consolidation, Phase V completion, and Phase VI commencement, while maintaining a Q2 2026 DFS target.
AbraSilver is focused on the Diablillos Project in the Salta Province of Argentina. - Flagship: Diablillos (Silver-Gold). - Stage: Development/Feasibility. - PFS Economics (Dec 2024): NPV5% of US$747M, IRR of 28%, and a 2-year payback. - Resource: 104 Mt @ 59 g/t Ag and 0.51 g/t Au (350 Moz AgEq). - Secondary Project: La Coipita (Copper-Gold porphyry exploration in San Juan).