AbraSilver says AgEq ounces up 30% in latest resource estimate
AbraSilver Resources Corp. [ABRA-TSX, ABBRF-OTC] has reported an updated mineral resource estimate (MRE) for its Diablillos silver-gold project in Argentina.
The company said the updated MRE demonstrates significant growth across the project, with measured and indicated resources now standing at 232 million tonnes, containing approximately 248 million ounces of silver and 2.54 million ounces of gold (454 million ounces of silver equivalent AgEq). The contained metal in the measured and indicated resource has increased by 25% for silver, 48% for gold, and 30% for AgEq, compared to an earlier estimate in July, 2025.
The updated MRE incorporates approximately 13,270 metres of additional drilling completed since the prior MRE, bringing the total database to over 170,000 metres. The latest estimate includes 232 million tonnes of grade 33 g/t silver and 0.34 g/t gold containing 248 million ounces of silver and 2.54 million ounces of gold (454 million ounces of AgEq), measured and indicated that is amenable to both tank and heap leach routes.
The new estimate reflects growth across all five deposits at Diablillos – Oculto, JAC, Fantasma, Laderas, and Sombra, driven by recent drilling success, improved geological understanding, and updated economic assumptions. It is based on drilling up to December 31, 2025, and does not include any of the Phase Vi drilling completed since.
Oculto measured and indicated tonnage is up 45%, with contained silver up 15% and gold up 31%.
The expanded MRE underpins the ongoing definitive feasibility study for the tank-leach operation and a concurrent preliminary economic assessment evaluating the heap leach option, both targeted for completion by the end of the second quarter of 2026.
AbraSilver shares advanced on the news, rising 5.8% or $1.10 to $18.31. The shares are currently trading in a 52-week range of $18.00 and $2.93.
AbraSilver is a silver gold and copper exploration company with projects in Argentina and Chile. Its shares were recently listed for trading on the TSX. AbraSilver’s primary focus is on exploring and advancing the Diablillos project, a high-sulphidation, epithermal silver-gold deposit located in Salta Province, Argentina
The 80 square kilometre Diablillos property is located in the Argentina Puna region – the southern extension of the Altiplano of southern Peru, Bolivia and northern Chile. The project was acquired from SSR Mining Inc. [SSRM-TSX, NASDAQ, SSR-ASX] in 2016.
“This update reflects continued growth in our core deposits while also highlighting a large-scale heap leach opportunity that could enhance the project’s overall development profile,’’ said AbraSilver President and CEO Johh Miniotis. “With the DFS on track for completion in Q2 2026, we are progressing toward a formal construction decision, while continuing to generate additional value through ongoing exploration success.’’