AbraSilver expands Diablillos and confirms high-grade mineralization in Argentina’s Puna region

AbraSilver has completed new acquisitions at Diablillos and reported a high-grade gold, silver and copper intercept, reinforcing the project’s growth potential in Argentina’s Puna region.

AbraSilver Resource Corp. has completed the acquisition of the Condoryacu and María Amalia properties, located next to its Diablillos project in Argentina’s Puna region, within the cooperation zone between Salta and Catamarca. The transaction was finalized with a final payment of US$2.5 million for Condoryacu and US$250,000 for the María Amalia concession, further strengthening the company’s land position in one of northwestern Argentina’s most promising silver and gold districts.

At the same time, the company reported initial drilling results from Condoryacu that confirmed the presence of high-grade mineralization. The standout result was an intercept of 72 metres grading 18.7 g/t gold, 117 g/t silver and 2.06% copper from surface, which the company described as the best gold intercept by grade-thickness recorded so far in the Diablillos district.

Condoryacu opens a new expansion area for Diablillos

The results are part of the ongoing Phase VI exploration program, launched in January 2026, which includes drilling at new targets and peripheral zones near the main deposit. AbraSilver had previously said that Condoryacu, located დაახლოებით 3 kilometres south of the conceptual Oculto pit, had not been drilled by the company before and was being tested to verify historical data and assess the continuity, geometry and scale of the mineralization.

The current campaign already totals 15 drill holes in 2026, according to the company’s latest update, and also includes progress at Oculto East, where a broad continuous interval of oxide gold and silver mineralization was identified beyond the currently defined conceptual open pit limits. According to AbraSilver, these results support the potential for resource growth both laterally and at depth.

Company advances environmental permitting and definitive feasibility study

Alongside exploration growth, AbraSilver is also moving forward with project development milestones. The company said the environmental impact assessment process remains underway, with final stages of community participation expected in Salta and additional permitting progress being made in Catamarca.

At the same time, AbraSilver continues advancing its definitive feasibility study, which is expected to be completed in the second quarter of 2026. The company had already indicated earlier this year that results from Phase V drilling would be incorporated into an updated mineral resource estimate that will form the basis of the study.

Diablillos strengthens its position among Argentina’s leading silver and gold projects

With the addition of new properties, high-grade drill results and continued progress on feasibility work, Diablillos is strengthening its position as one of the most important silver and gold development projects in northwestern Argentina. AbraSilver’s strategy is aimed not only at expanding the existing resource base, but also at opening new satellite areas that could eventually be integrated into the future mine plan.

The new discovery at Condoryacu also adds a significant copper component, which could increase the district’s strategic value at a time of rising global interest in metals tied both to electrification and to safe-haven demand such as gold and silver. Together with the expanded land package, the latest results reinforce Diablillos as one of the most attractive exploration stories in Argentina’s Puna region.