Further Near-Surface High Grade Silver Drilled In New Southwest Zone

TORONTO - AbraSilver Resource Corp. reported on two holes drilled at the newest near-surface, high-grade silver zone (Southwest zone).  The Southwest zone is located in Salta Province, Argentina. Both of the latest holes returned excellent silver grades, in oxides near-surface.  Key takeaways include: Hole DDH 22-046 returned 42.5 meters grading 408 g/t AgEq in oxides (5.8 g/t AuEq – comprised of 401 g/t Ag and 0.11 g/t Au) starting at a down-hole depth of only 123 meters; Hole DDH 22-044 intersected 58 meters at 223 g/t AgEq in oxides (3.2 g/t AuEq – comprised of 209 g/t Ag and 0.20 g/t Au) starting at a down-hole depth of only 121 meters; and Immediately beneath this high-grade oxide zone the hole encountered an additional 588 g/t AgEq (8.4 g/t AuEq – comprised of 542g/tAg and 0.35g/tAu) over 12.5 meters in sulphides.

John Miniotis, President and CEO, said, “The new Southwest zone is clearly shaping up to be a game-changer for the Diablillos project.  We are incredibly delighted to have confirmed a brand-new, near-surface, high-grade silver zone, which remains open in all directions and is located hundreds of meters beyond the conceptual Oculto open pit.  

This new high-grade silver zone adds a brand-new dimension to the Project, where we now see considerable blue-sky potential to grow the Mineral Resources well beyond the update that will be reported later this month. With the exciting upside potential of this new zone.”