(TheNewswire)
Toronto – TheNewswire - January 10, 2024: AbraSilver Resource Corp.(TSXV:ABRA ) ( OTC:ABBRF) ("AbraSilver" or the “Company”) is pleased to announce that it has filedon SEDAR+ a National Instrument 43-101 – Standards of Disclosure forMineral Projects ("NI 43-101") compliant, independenttechnical report (the "Report") on its wholly-ownedDiablillos project in Salta province, Argentina (the“Project”).
Highlights of the updated Report include:
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Significant Growth: Measured Indicated Mineral Resources at Diablillos nowcontain an estimated 258 MozAgEq , and the Inferred Mineral Resource containsan additional 8 MozAgEq
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Four Conceptual Open Pits: The addition of the new high-grade JAC deposit,which will ultimately join the Oculto deposit, has further enhanced the overall qualityof the Mineral Resource and is expected to boostflexibility and the economic strength of the Project in the upcomingPre-Feasibility Study.
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Extensive Exploration UpsidePotential: Future drilling will focus onexploration targets which include: JAC North, Alpaca, and theOculto-Fantasma trends, each of which has the potential to continue toincrease and add additional silver/gold mineralization.
The Report titled "NI 43-101 Technical ReportMineral Resource Estimate Diablillos Project" is dated January10, 2024, has an effective date of November 22, 2023 and supports thedisclosure made by AbraSilver in its November 27, 2023 press releasetitled "AbraSilver Reports 258 Million Silver-Equivalent OuncesContained in M&I Categories, Substantially Increasing theDiablillos Mineral Resource Estimate”. There are no materialdifferences in the Report from the results disclosed in the Company'sNovember 27, 2023 press release. The Report can be found under theCompany’s profile on SEDAR+ (www.sedarplus.ca) and on theCompany’s website (www.abrasilver.com).
Qualified Persons
David O’Connor P.Geo., Chief Geologist forAbraSilver, is the Qualified Person as defined by NI 43-101 and hehas reviewed and approved the scientific and technical information inthis news release.
About AbraSilver
AbraSilver is an advanced-stage exploration companyfocused on rapidly advancing its 100%-owned Diablillos silver-goldproject in the mining-friendly Salta province of Argentina. Thecurrent Measured and Indicated Mineral Resource estimate forDiablillos consists of 53.3 Mt grading 87 g/t Ag and 0.79 g/t Au,containing approximately 148Moz silver and 1.4Moz gold, withsignificant further exploration upside potential. In addition, theCompany has entered into an earn-in option and joint venture agreementwith Teck on the La Coipita project, whereby Teck can fund up to US$20million in exploration expenditures and make certain other payments toearn up to an 80% interest. AbraSilver is listed on the TSX-V underthe symbol “ABRA” and in the U.S. under the symbol“ABBRF”.
For further information please visit the AbraSilverResource website at www.abrasilver.com , our LinkedInpage at , andfollow us on Twitter at
Alternatively please contact:
John Miniotis, President and CEO
Tel: +1 416-306-8334
Cautionary Statements
This news release includes certain"forward-looking statements" under applicable Canadiansecurities legislation. Forward-looking statements are necessarilybased upon a number of estimates and assumptions that, whileconsidered reasonable, are subject to known and unknown risks,uncertainties, and other factors which may causethe actual results and future events to differ materially from thoseexpressed or implied by such forward-looking statements. Allstatements that address future plans, activities, events ordevelopments that the Company believes, expects or anticipates will ormay occur are forward-looking information. There can be no assurancethat such statements will prove to be accurate, as actual results andfuture events could differ materially from those anticipated in suchstatements. Accordingly, readers should not place undue reliance onforward-looking statements. When considering this forward-lookinginformation, readers should keep in mind the risk factors and othercautionary statements in the Company’s disclosure documents filedwith the applicable Canadian securities regulatory authorities onSEDAR+ at www.sedarplus.ca. The risk factors and other factors notedin the disclosure documents could cause actual events or results todiffer materially from those described in any forward-lookinginformation. The Company disclaims any intention or obligation toupdate or revise any forward-looking statements, whether as a resultof new information, future events or otherwise, except as required bylaw.
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this news release.
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