Drill Results
AbraSilver Reports 2026 La Coipita Project Drill Results; Best Hole Returns 748 Metres of 0.69% Copper, 0.06 g/t Gold and 142 ppm Molybdenum
AbraSilver reports incremental exploration milestones at its La Coipita joint venture, which do not alter the near-term investment thesis centered on the Diablillos definitive feasibility study.
Executive Summary
- AbraSilver reported 2026 drill results from its La Coipita copper-gold-molybdenum project in Argentina.
- Hole DDH-LC26-010 returned the strongest intercept to date: 747.5m @ 0.69% Cu, 0.06 g/t Au, 142 ppm Mo, confirming a vertically extensive system.
- Hole DDH-LC26-012 identified a new, shallower discovery at the Yaretas Sur target, ~1.9 km south of the main drilling area.
- The first-ever magnetotelluric (MT) survey indicates potential mineralized extensions to the south.
- The program is fully funded and operated by a Teck Resources subsidiary under an earn-in JV agreement. Teck has completed 11,270m across 19 holes, representing ~US$23M in expenditures against a US$20M commitment.
- Upon completion, an 80/20 JV (Teck/AbraSilver) will be formed.
Material Impact
- The release is a routine exploration update from a JV partner. It confirms geological continuity and district-scale potential but does not change the Diablillos development timeline, DFS catalysts, or immediate financing needs.
- The stock has already rallied significantly from ~$4.55 to ~$19.02 over the past year, pricing in substantial project advancement.
- No new financing, M&A, DFS results, or permitting milestones are attached to this release. It is expected incremental progress that aligns with previous JV announcements.
- Impact on the stock price is likely neutral to marginally positive. The market is currently focused on the Diablillos DFS and permitting pipeline rather than incremental JV exploration updates.
ABRA · Price
Company Overview
- AbraSilver Resource Corp. is focused on the Diablillos silver-gold project in Salta/Catamarca, Argentina.
- Project stage: Pre-feasibility completed, DFS ongoing. Construction decision targeted H2 2026, production 2029.
- Diablillos M&I resources: 248 Moz Ag, 2.5 Moz Au (454 Moz AgEq).
- Processing: Dual tank-heap leach approach. Base case 9,000 tpd throughput.
- La Coipita: Copper-gold-molybdenum project under Teck JV. Covers >70,000 hectares.
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Jun 29, 2026 · 17:31