AbraSilver Commences Phase VI Drill Program at Diablillos and Reports Assay Results

Core Viewpoint - AbraSilver Resource Corp. has initiated the Phase VI diamond drilling program at its Diablillos project in Argentina, following the successful completion of Phase V drilling, which will contribute to an updated Mineral Resource estimate for the upcoming Definitive Feasibility Study [1][3][6]. Phase VI Drill Program Highlights - The Phase VI program will consist of approximately 15,000 meters of drilling across about 50 diamond drill holes, with two drill rigs currently active [4][6]. - The program aims to expand and upgrade Mineral Resources within and beyond existing conceptual open pit limits, focusing on high-priority targets such as Oculto East, Oculto Northeast, and Cerro Bayo [5][6]. Phase V Drill Results - Recent results from the Phase V drill program at JAC confirm the presence of silver mineralization at the periphery of the deposit, with notable intervals reported [9][10]. - The latest drill results include significant intercepts, such as 31 meters at 45 g/t Ag and 28 meters at 49 g/t Ag, indicating strong continuity of mineralization [10]. Mineral Resource Estimate - The most recent Mineral Resource estimate for Diablillos, as of July 21, 2025, includes 73.1 million tonnes grading 79 g/t Ag and 0.66 g/t Au, with a total of approximately 186 million ounces of silver and 1.6 million ounces of gold [18][22]. - The resource is categorized into Measured, Indicated, and Inferred categories, with significant potential for further growth based on ongoing exploration [18][22]. Exploration Focus - The Phase VI drilling will also evaluate the Condoryacu target, a new exploration area approximately 3 km south of the Oculto open pit, which has not been previously drill-tested [7][8]. - Additional drilling is planned for JAC, Sombra, and Fantasma to assess extensions of known mineralization and continuity between deposits, supporting long-term exploration upside [8][6].