AbraSilver Continues to Drill High-Grade Gold at Diablillos, with 36 Metres of 2.32 g/t Gold Intersected at Oculto East
None
The November 19, 2025, news release reports the latest drill results from the Diablillos project in Argentina. At the Oculto East target, drilling continues to intersect high-grade gold, with notable intercepts including 36 metres of 2.32 g/t gold, 25 metres of 1.67 g/t gold, and 6 metres of 4.64 g/t gold, all within the oxide zone.
Additionally, initial drilling at the Cerro Viejo porphyry target returned long intercepts of lower-grade gold mineralization, including 200 metres of 0.32 g/t gold and 128 metres of 0.24 g/t gold from the surface. The company interprets these results as highlighting the potential for a large gold-copper porphyry system.
The release also confirms that the Definitive Feasibility Study (DFS) is on track for completion in H1 2026, with technical work 80% complete, and that the application for Argentina's RIGI investment incentive program is expected to be submitted shortly.
This news is materially positive, as it successfully continues the company's track record of expanding mineralization at its flagship Diablillos project. The results should be viewed in the context of a highly successful 2025 exploration campaign.
-
Consistent Expansion at Oculto East: Throughout 2025, drilling has consistently hit high-grade gold mineralization well outside the existing conceptual pit at Oculto East (e.g., 31m @ 10.0 g/t Au in May, 60m @ 1.05 g/t Au in August, and 8.5m @ 13.81 g/t Au in October). Today's results, with wide intervals of over 2 g/t gold, further reinforce that this zone is a significant, high-grade extension that should add substantial value in the next Mineral Resource Estimate (MRE).
-
Confirmation of Porphyry Potential: The January 2025 drill results from Cerro Viejo (36m @ 1.91 g/t Au) first identified the potential for a new style of mineralization. Today's long intercepts (200m) confirm the presence of a large, bulk-tonnage gold-copper porphyry system. While lower grade, these systems can be very large and represent significant long-term potential for the project, adding a new dimension to the Diablillos district.
-
Project De-risking: The update that the DFS is progressing and the RIGI application is nearly ready for submission are positive. While the DFS timeline appears to have slightly shifted from "Q1 2026" in previous releases to "H1 2026", this is not a material delay. Securing RIGI status is critical to achieving the compelling economics outlined in the December 2024 Pre-Feasibility Study (PFS).
Compared to previous news, this release meets the high expectations set by prior exploration success. It provides fundamental support for the stock's significant re-rating over the past year and continues to build the case for a larger, more valuable project than is currently defined. The company remains exceptionally well-funded following financings in February ($58.5M) and October ($48.2M), removing any near-term financing risk for its exploration and development activities.
AbraSilver Resource Corp. is a precious metals development company focused on advancing its 100%-owned Diablillos silver-gold project in the Salta province of Argentina. Diablillos is an advanced-stage project with a large mineral resource and a positive December 2024 Pre-Feasibility Study (PFS) demonstrating robust economics. A Definitive Feasibility Study (DFS) is currently underway. The company also holds the La Coipita copper-gold project in San Juan, Argentina, under an earn-in option agreement with Teck Resources.