(TheNewswire)
Toronto - TheNewswire – February 14, 2022: AbraSilver Resource Corp.(TSXV:ABRA ) ( OTC:ABBRF) ("AbraSilver" or the“Company”) is pleased to announcefurther strengthening of its technical team with the engagement ofWedmar S.A. (“Wedmar”). The principal of Wedmar is Mr. Claudio(“Klaus”) Zalewski who will serve as Senior Vice President,Projects to the Company and be based in Salta, Argentina.
Through Wedmar, Mr. Zalewski will lead the Company’svarious upcoming technical studies and engineering development effortsas the Company continues to advance its flagship Diablillossilver-gold project, located in Salta, Argentina, towards permittingand a construction decision.
Highlights
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Mr. Zalewski is a Professional Civil Engineer with 40years of experience in the construction and mining industries,focusing on project and operations management, leading PFS and BFSlevel technical studies, and playing a lead role in the developmentand construction of various mining projects throughout Argentina andoverseas.
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Mr. Zalewski has significant project developmentexperience in Salta province, including most recently acting as theProject Director for the Pastos Grandes Lithium project owned byMillennial Lithium Corp. (recently acquired by Lithium AmericasCorp.), Head of Engineering and Construction for the French Erametgroup that is advancing the Centenario Lithium Project toconstruction.
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Mr. Zalewski was also responsible for the constructionof the Orocobre/Toyota Tsusho Olaroz Lithium Project in Jujuyprovince. As well, he was in charge of the first gold mine closureand remediation in Chubut province in southern Argentina, amongstother mine construction tasks, at Mina Don Nicolás and MinaProvidencia.
John Miniotis, President and CEO of AbraSilver,commented, “We are very excited to have Klaus join the AbraSilverteam. With various trade-off and engineering studies currently plannedand underway at our Diablillos project, Klaus’ strong engineeringbackground combined with his significant experience in advancingdevelopment projects in the Salta province, will undoubtedly be asignificant asset for our Company.”
Mr. Zalewski is a registered Professional CivilEngineer, with 40 years’ experience in senior management, technicaland operational roles, in Argentina and overseas. Most recently, Mr.Zalewski assumed, as Project Director, the leadership of thestrategical and technical development of the Salta province locatedPastos Grandes Lithium Project, advancing it from feasibility study tosuccessful pilot operations, achieving full permitting and readinessto start the industrial facility operation.
Mr Zalewski is fluent in English, Spanish, German andknowledgeable in French. He holds a Civil Engineering degree from theBuenos Aires University and attended post-graduate studies in ProjectManagement for the Construction Industry at Braunschweig University inGermany and Management of Mining at Austral University inArgentina.
Incentive Stock Options andRSUs
The Company announces that pursuant to the Company’sShare Compensation Plan and regulatory approval, an aggregate of3,700,000 incentive stock options (the “Options”), exercisable ata price of $0.375 per share for a period of five years, has beengranted to officers, directors, employees and consultants of theCompany. The Options vest in 25% instalments every 6 months,starting from the date of the grant.
In addition, the Company has granted an aggregate of1,150,000 restricted share units (“RSU”). The RSUs vest in threeequal tranches on the 12-month, 24-month and 36-month anniversaries.The RSUs entitle the holder to be issued one common share for eachvested RSU.
About AbraSilver
AbraSilver is a well-funded silver-gold focusedadvanced-stage exploration company. The Company is rapidly advancingits 100%-owned Diablillos silver-gold project in the mining-friendlySalta province of Argentina, which has a current Measured andIndicated Mineral Resource containing over 90 million ounces of silverand 1.0 million ounces of gold. The Company is led by an experiencedmanagement team and has long-term supportive shareholders includingMr. Eric Sprott and SSR Mining. In addition, AbraSilver owns aportfolio of earlier-stage projects including the La Coipitacopper-gold project in the San Juan province of Argentina. AbraSilveris listed on the TSX-V under the symbol “ABRA” and in the U.S.under the symbol “ABBRF”.
For further information please visit the AbraSilverResource website at www.abrasilver.com , ourLinkedIn page at , and follow 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 cause the actual resultsand future events to differ materially from those expressed or impliedby such forward-looking statements. All statements that address futureplans, activities, events or developments that the Company believes,expects or anticipates will or may occur are forward-lookinginformation. There can be no assurance that such statements will proveto be accurate, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly,readers should not place undue reliance on forward-looking statements.The Company disclaims any intention or obligation to update or reviseany forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required bylaw.
The Diablillos resource estimate and supportingtechnical report are N.I. 43-101 compliant. Full details of theMineral Resources are available in a Company news release datedSeptember 15, 2021. For additional information please see theTechnical Report on the Diablillos Project, Salta Province, Argentina,dated October 28, 2021, completed by Mining Plus, and available onwww.SEDAR.com.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release
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