AbraSilver Completes Condoryacu Acquisition; Intersects 72 Metres Grading 18.7 g/t Gold, 117 g/t Silver and 2.06% Copper from Surface

Original announcement by tmx on

Company
AbraSilver Resource Corp.
Ticker
ABRA
Exchange
TSX
Region
Argentina
Primary commodity
Gold
Secondary commodities
Silver, Copper
Document categories
Drill results, Agreement transaction, Resource update
Extracted
2026-08-21 00:46:04 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

AbraSilver has completed the acquisition of the Condoryacu and Maria Amalia properties, strategically located adjacent to its Diablillos project in Argentina. Initial drilling at Condoryacu yielded exceptional results, including 72 metres grading 18.7 g/t gold, 117 g/t silver, and 2.06% copper from surface. The company also provided an update on the Diablillos Mineral Resource Estimate, which features a substantial Measured and Indicated resource of silver and gold.

Reasoning: AbraSilver announced the completion of the strategic acquisition of the Condoryacu and Maria Amalia properties, immediately adjacent to its flagship Diablillos project. Initial drilling at Condoryacu returned exceptional high-grade gold, silver, and copper intercepts from surface, representing the strongest gold grade-thickness intersection ever reported in the district. The release also provides a detailed, QP-signed Mineral Resource Estimate for Diablillos, showcasing a large, high-confidence Measured and Indicated resource.

Positive factors

  • Bonanza Intercept
  • High-grade
  • Polymetallic
  • Near-surface
  • Strategic acquisition
  • Expands project footprint
  • High M&I confidence
  • Large contained metal
  • QP/CP Signed
  • NI 43-101 Compliant

Negative factors

  • Apparent Width Only
  • Stale Estimate

Facts used in scoring: 16

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The intercept of 72 metres grading 18.7 g/t gold, 117 g/t silver and 2.06% copper is exceptionally high-grade, with a gold grade-thickness product of 1349.28 g/t·m, significantly exceeding the exceptional threshold of 300 g/t·m.

Evidence · text

“72 metres grading 18.7 g/t gold, 117 g/t silver and 2.06% copper”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The document explicitly states that widths are reported as drilled and true widths are not yet known.

Evidence · text

“Widths are reported as drilled and true widths are not yet known.”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The drilling at Condoryacu is described as initial confirmatory drilling on a newly acquired property adjacent to the main project, extending the known mineralized system.

Evidence · text

“initial confirmatory drilling has returned very strong results, including a broad, high-grade intercept of 72 metres grading 18.7 g/t gold, 117 g/t silver and 2.06% copper beginning at surface”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release details industry standard QA/QC procedures including insertion of blanks, certified reference materials, duplicate core samples, and chain-of-custody protocols.

Evidence · text

“AbraSilver applies industry standard exploration methodologies and techniques, and all drill core samples are collected under the supervision of the Company's geologists in accordance with industry best practices. Drill core is transported from the drill platform to the logging facility where drill data is compared and verified with the core in the trays. Thereafter, it is logged, photographed, and split by diamond saw prior to being sampled. Samples are then bagged, and quality control materials are inserted at regular intervals at site; these include blanks and certified reference materials as well as duplicate core samples which are collected in order to assess sampling precision and reproducibility. Groups of samples are then placed in large bags which are sealed with numbered tags in order to maintain a chain-of-custody during the transport of the samples from the project site to the laboratory. All samples are received by the ASA (Alex Stewart Argentina) preparation laboratory in Salta, where they are prepared, then the pulp sachet is directly dispatched to its facility in Mendoza, Argentina, where they are analyzed. All samples are analyzed using a multi-element technique consisting of a four-acid digestion followed by ICP/AES detection, and gold is analyzed by 50g Fire Assay with an AAS finish. Silver results greater than 100g/t are re-analyzed using four acid digestion with an ore grade AAS finish.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The Mineral Resource Estimate is signed off by Luis Rodrigo Peralta, B.Sc., FAusIMM CP (Geo), an Independent Qualified Person under NI 43-101.

Evidence · text

“The Mineral Resource was estimated by Luis Rodrigo Peralta, B.Sc., FAusIMM CP (Geo), Independent Qualified Person under NI 43-101.”

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The Mineral Resource Estimate is stated to be categorized in accordance with the CIM Definition Standards (CIM, 2014) and prepared by an Independent Qualified Person under NI 43-101.

Evidence · text

“The MRE has been categorized in accordance with the CIM Definition Standards (CIM, 2014).”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The document provides detailed assumptions for the conceptual Whittle open pit shell and Net Value per block (NVB) calculation used to constrain the Mineral Resource, including metal prices, recoveries, and costs.

Evidence · text

“The Mineral Resource is reported inside a conceptual Whittle open pit shell derived using US$ 27.50/oz Ag price, US $2,400/oz Au price, 83% process recovery for Ag, and 87% process recovery for Au. The constraining open pit optimization parameters used were US $1.94/t mining cost, US $22.96/t processing cost, US $3.32/t G&A cost, and average 51-degree open pit slopes. The MRE has been categorized in accordance with the CIM Definition Standards (CIM, 2014). A Net Value per block [NVB] calculation was used to constrain the Mineral Resource, determine the "Benefits = Income-Cost"”

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: The Mineral Resource Estimate is 'As of July 21, 2025', making it over 8 months old at the time of this announcement (March 30, 2026).

Evidence · text

“Table 3 - Diablillos Mineral Resource Estimate - As of July 21, 2025”

Extracted facts

Stored fact records: 16. Some facts used in scoring do not have a stored record.

Drill Results (14)

DDH-26-001Oculto East · goldGrade: 1.62Grade Unit: g/tIntercept: 1.5 mView all details
Link to this fact

Identity

Hole ID
DDH-26-001
Project
Oculto East
Commodity
gold
Ticker
ABRA

Geometry

Grade
1.62
Grade Unit
g/t
Intercept
1.5 m
From
469 m
To
470.5 m
Hole Depth
482 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Mining Method
open_pit

Location

Easting
720943
Northing
7199405
CRS
UTM Coordinates
Elevation
4458 m
Azimuth
0 °
Dip
-60 °
Loc. Confidence
high

QA/QC

Laboratory
Alex Stewart Argentina
QA/QC Disclosed
Yes
Lab Certified
No
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates, check_assays

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: A narrow, moderate grade gold intercept from Oculto East.

Negative factors

  • Apparent Width Only

Evidence · table

“1.62”

Context: 1.5

DDH-26-001Oculto East · silverGrade: 5.6Grade Unit: g/tIntercept: 1.5 mView all details
Link to this fact

Identity

Hole ID
DDH-26-001
Project
Oculto East
Commodity
silver
Ticker
ABRA

Geometry

Grade
5.6
Grade Unit
g/t
Intercept
1.5 m
From
469 m
To
470.5 m
Hole Depth
482 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Mining Method
open_pit

Location

Easting
720943
Northing
7199405
CRS
UTM Coordinates
Elevation
4458 m
Azimuth
0 °
Dip
-60 °
Loc. Confidence
high

QA/QC

Laboratory
Alex Stewart Argentina
QA/QC Disclosed
Yes
Lab Certified
No
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates, check_assays

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: A narrow, weak grade silver intercept from Oculto East.

Negative factors

  • Apparent Width Only

Evidence · table

“5.6”

Context: 1.5

DDH-26-003Condoryacu · goldGrade: 5.24Grade Unit: g/tIntercept: 12 mView all details
Link to this fact

Identity

Hole ID
DDH-26-003
Project
Condoryacu
Commodity
gold
Ticker
ABRA

Geometry

Grade
5.24
Grade Unit
g/t
Intercept
12 m
From
90 m
To
102 m
Hole Depth
120 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
DDH-26-003:90.0-102.0
Mining Method
open_pit

Location

Easting
721842
Northing
7197137
CRS
UTM Coordinates
Elevation
4334 m
Azimuth
310 °
Dip
-60 °
Loc. Confidence
high

QA/QC

Laboratory
Alex Stewart Argentina
QA/QC Disclosed
Yes
Lab Certified
No
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates, check_assays

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: High-grade gold intercept from the newly acquired Condoryacu property, part of multiple stacked zones of mineralization.

Positive factors

  • High-grade
  • Polymetallic

Negative factors

  • Apparent Width Only

Evidence · table

“5.24”

Context: 12.0

DDH-26-003Condoryacu · silverGrade: 56.9Grade Unit: g/tIntercept: 12 mView all details
Link to this fact

Identity

Hole ID
DDH-26-003
Project
Condoryacu
Commodity
silver
Ticker
ABRA

Geometry

Grade
56.9
Grade Unit
g/t
Intercept
12 m
From
90 m
To
102 m
Hole Depth
120 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
DDH-26-003:90.0-102.0
Mining Method
open_pit

Location

Easting
721842
Northing
7197137
CRS
UTM Coordinates
Elevation
4334 m
Azimuth
310 °
Dip
-60 °
Loc. Confidence
high

QA/QC

Laboratory
Alex Stewart Argentina
QA/QC Disclosed
Yes
Lab Certified
No
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates, check_assays

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: High-grade silver intercept from the newly acquired Condoryacu property, part of multiple stacked zones of mineralization.

Positive factors

  • High-grade
  • Polymetallic

Negative factors

  • Apparent Width Only

Evidence · table

“56.9”

Context: 12.0

DDH-26-003Condoryacu · copperGrade: 0.45Grade Unit: %Intercept: 12 mView all details
Link to this fact

Identity

Hole ID
DDH-26-003
Project
Condoryacu
Commodity
copper
Ticker
ABRA

Geometry

Grade
0.45
Grade Unit
%
Intercept
12 m
From
90 m
To
102 m
Hole Depth
120 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
DDH-26-003:90.0-102.0
Mining Method
open_pit

Location

Easting
721842
Northing
7197137
CRS
UTM Coordinates
Elevation
4334 m
Azimuth
310 °
Dip
-60 °
Loc. Confidence
high

QA/QC

Laboratory
Alex Stewart Argentina
QA/QC Disclosed
Yes
Lab Certified
No
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates, check_assays

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: Moderate grade copper intercept from the newly acquired Condoryacu property, part of multiple stacked zones of mineralization.

Positive factors

  • Polymetallic

Negative factors

  • Apparent Width Only

Evidence · table

“0.45”

Context: 12.0

Fact 6Condoryacu · acquisitionView all details
Link to this fact

Identity

Project
Condoryacu
Commodity
acquisition
Ticker
ABRA

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: Completion of the acquisition of the Condoryacu and Maria Amalia properties, strategically located adjacent to the flagship Diablillos project, expands the company's land package and potential.

Positive factors

  • Strategic acquisition
  • Expands project footprint
  • Adjacent to flagship

Evidence · text

“AbraSilver Completes Condoryacu Acquisition”
DDH-26-001Oculto East · goldGrade: 0.35Grade Unit: g/tIntercept: 13 mView all details
Link to this fact

Identity

Hole ID
DDH-26-001
Project
Oculto East
Commodity
gold
Ticker
ABRA

Geometry

Grade
0.35
Grade Unit
g/t
Intercept
13 m
From
87 m
To
100 m

Classification

Deposit Type
epithermal
Sample Type
drill
Group ID
DDH-26-001:87-100
Mining Method
open_pit

Location

CRS
UTM Coordinates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: Expanded from assay table. 0.35 g/t gold is weak against the open_pit mining band [5, 2, 1, 0.3] g/t. Grade×width 4.5 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.35”

Context: DDH-26-001

DDH-26-001Oculto East · silverGrade: 4.5Grade Unit: g/tIntercept: 13 mView all details
Link to this fact

Identity

Hole ID
DDH-26-001
Project
Oculto East
Commodity
silver
Ticker
ABRA

Geometry

Grade
4.5
Grade Unit
g/t
Intercept
13 m
From
87 m
To
100 m

Classification

Deposit Type
epithermal
Sample Type
drill
Group ID
DDH-26-001:87-100
Mining Method
open_pit

Location

CRS
UTM Coordinates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: Expanded from assay table. 4.5 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 58.5 g/t·m is below.

Negative factors

  • 4.5 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“4.5”

Context: DDH-26-001

DDH-26-002Oculto East · goldGrade: 18.74Grade Unit: g/tIntercept: 72 mView all details
Link to this fact

Identity

Hole ID
DDH-26-002
Project
Oculto East
Commodity
gold
Ticker
ABRA

Geometry

Grade
18.74
Grade Unit
g/t
Intercept
72 m
From
0 m
To
72 m

Classification

Deposit Type
epithermal
Sample Type
drill
Group ID
DDH-26-002:0-72
Mining Method
open_pit

Location

CRS
UTM Coordinates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: Expanded from assay table. 18.74 g/t gold is exceptional against the open_pit mining band [5, 2, 1, 0.3] g/t. Grade×width 1349.3 g/t·m is exceptional.

Positive factors

  • 18.74 g/t gold is exceptional on the open_pit mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“18.74”

Context: DDH-26-002

DDH-26-002Oculto East · silverGrade: 117.4Grade Unit: g/tIntercept: 72 mView all details
Link to this fact

Identity

Hole ID
DDH-26-002
Project
Oculto East
Commodity
silver
Ticker
ABRA

Geometry

Grade
117.4
Grade Unit
g/t
Intercept
72 m
From
0 m
To
72 m

Classification

Deposit Type
epithermal
Sample Type
drill
Group ID
DDH-26-002:0-72
Mining Method
open_pit

Location

CRS
UTM Coordinates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: Expanded from assay table. 117.4 g/t silver is exceptional against the default band [500, 200, 100, 30] g/t. Grade×width 8452.8 g/t·m is exceptional (grade alone is moderate; the better of the two is used).

Positive factors

  • 117.4 g/t silver is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“117.4”

Context: DDH-26-002

DDH-26-002Oculto East · copperGrade: 2.06Grade Unit: %Intercept: 72 mView all details
Link to this fact

Identity

Hole ID
DDH-26-002
Project
Oculto East
Commodity
copper
Ticker
ABRA

Geometry

Grade
2.06
Grade Unit
%
Intercept
72 m
From
0 m
To
72 m

Classification

Deposit Type
epithermal
Sample Type
drill
Group ID
DDH-26-002:0-72
Mining Method
open_pit

Location

CRS
UTM Coordinates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: Expanded from assay table. 2.06 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 148.3 %·m is moderate (grade alone is strong; the better of the two is used).

Positive factors

  • 2.06 % copper is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.06”

Context: DDH-26-002

DDH-26-003Oculto East · goldGrade: 11.86Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
DDH-26-003
Project
Oculto East
Commodity
gold
Ticker
ABRA

Geometry

Grade
11.86
Grade Unit
g/t
Intercept
5 m
From
44 m
To
49 m

Classification

Deposit Type
epithermal
Sample Type
drill
Group ID
DDH-26-003:44-49
Mining Method
open_pit

Location

CRS
UTM Coordinates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: Expanded from assay table. 11.86 g/t gold is exceptional against the open_pit mining band [5, 2, 1, 0.3] g/t. Grade×width 59.3 g/t·m is moderate (grade alone is exceptional; the better of the two is used).

Positive factors

  • 11.86 g/t gold is exceptional on the open_pit mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“11.86”

Context: DDH-26-003

DDH-26-003Oculto East · silverGrade: 109.2Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
DDH-26-003
Project
Oculto East
Commodity
silver
Ticker
ABRA

Geometry

Grade
109.2
Grade Unit
g/t
Intercept
5 m
From
44 m
To
49 m

Classification

Deposit Type
epithermal
Sample Type
drill
Group ID
DDH-26-003:44-49
Mining Method
open_pit

Location

CRS
UTM Coordinates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: Expanded from assay table. 109.2 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 546.0 g/t·m is weak (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“109.2”

Context: DDH-26-003

DDH-26-003Oculto East · copperGrade: 0.34Grade Unit: %Intercept: 5 mView all details
Link to this fact

Identity

Hole ID
DDH-26-003
Project
Oculto East
Commodity
copper
Ticker
ABRA

Geometry

Grade
0.34
Grade Unit
%
Intercept
5 m
From
44 m
To
49 m

Classification

Deposit Type
epithermal
Sample Type
drill
Group ID
DDH-26-003:44-49
Mining Method
open_pit

Location

CRS
UTM Coordinates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: Expanded from assay table. 0.34 % copper is weak against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 1.7 %·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.34”

Context: DDH-26-003

Resource Estimates (2)

inferredsilverTonnes: 19628Grade: 21Grade Unit: g/tView all details
Link to this fact

Identity

Commodity
silver
Ticker
ABRA

Resource Data

Category
inferred
Tonnes
19628
Grade
21
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: Inferred silver resource for the Tank Leach zone at Diablillos, providing additional potential but with lower confidence than M&I categories. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • QP/CP Signed
  • NI 43-101 Compliant
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“21”

Context: 19,628

inferredgoldTonnes: 19628Grade: 0.38Grade Unit: g/tView all details
Link to this fact

Identity

Commodity
gold
Ticker
ABRA

Resource Data

Category
inferred
Tonnes
19628
Grade
0.38
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-30T00:00:00.000Z

Reasoning: Inferred silver resource for the Tank Leach zone at Diablillos, providing additional potential but with lower confidence than M&I categories. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • QP/CP Signed
  • NI 43-101 Compliant
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.38”

Context: 19,628

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.