Abrasilver drills 60 m of 1.05 g/t Au at Diablillos

Executive Summary

• Abrasilver released assay results from three new Phase V drill holes at the Diablillos project, showing significant gold‑bearing intercepts that extend the Oculto East zone well beyond the current mineral resource boundary.
• The intercepts include a 60 m interval grading 1.05 g/t Au (DDH 25‑060A), a 16 m interval grading 1.74 g/t Au and 17.3 g/t Ag (DDH 25‑067), and combined 85 m of mineralization grading up to 1.51 g/t Au with notable silver grades (DDH 25‑068).
• The results support a strong upside for the Diablillos resource, reinforce plans for additional drilling to expand the resource, and underpin ongoing work on a definitive feasibility study.

Key Details

• Hole DDH 25‑060A: 60.0 m @ 1.05 g/t Au from 230 m depth; includes 17.0 m @ 2.83 g/t Au and 4.0 m @ 6.68 g/t Au. Drilled >50 m east of current resource boundary, confirming robust eastward extension of the gold zone.
• Hole DDH 25‑067: 16.0 m @ 1.74 g/t Au and 17.3 g/t Ag from 245 m depth; located ~150 m east of the resource boundary, demonstrating continuity of the gold‑bearing system.
• Hole DDH 25‑068: 21.0 m @ 1.51 g/t Au and 49.5 g/t Ag from 188 m depth, followed by 64.0 m @ 0.54 g/t Au and 19.8 g/t Ag from 314 m depth; drilled ~90 m east of the open‑pit boundary, confirming depth continuity.
• All widths are drill‑hole widths (true widths not yet determined).
• Phase V program totals ~20,000 m with three active rigs; Oculto East remains top priority for step‑out drilling to expand the resource eastward.
• Upcoming work includes at least two deep holes on the nearby Cerro Blanco porphyry target to test a copper‑gold system.
• Current measured & indicated resource (tank leach only): 73.1 Mt @ 79 g/t Ag and 0.66 g/t Au (~186 Moz Ag, 1.6 Moz Au) with upside potential based on recent drilling.

Notable Quotes

• John Miniotis, President & CEO: “We are very encouraged that our drilling continues to expand the footprint of the gold zone at Oculto East… These latest results demonstrate the continuity of mineralization well beyond the current open‑pit constrained mineral resource and further strengthens our confidence in the growth potential at Diablillos.”
• Dave O'Connor, Chief Geologist: “These latest intercepts clearly demonstrate that gold mineralization extends further east than previously modelled. Our drilling continues to concentrate in this area to determine the full size and continuity of this expanding higher‑grade gold zone.”