| Announcement Date: | 2021-11-29 |
|---|---|
| Announcement Type: | PEA |
| Announcement Code: | NI43-101 |
| Company name: | AbraSilver Resource Corp. |
| Project name: | Diablillos |
| Location: | Argentina |
| Commodities: | Gold,Silver |
| Highlight: | PEA results incl. post-tax NPV (5%) of US$364M & IRR of 30.2% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Toronto – November 29, 2021: AbraSilver Resource Corp. (TSX.V:ABRA; OTCQX: ABBRF) (“AbraSilver” or the “Company”) is pleased to announce the results of a Preliminary Economic Assessment (“PEA”) for its wholly-owned Diablillos project (“the Project”) in Salta Province, Argentina. The PEA is based on the Mineral Resource estimate, recently reported in a Technical Report titled “NI 43-101 Technical Report Mineral Resource Estimate – Diablillos Project”, effective October 28, 2021. All dollar ($) figures are presented in US dollars unless otherwise stated. Base Case metal prices used in this analysis are $1,650 per gold (“Au”) ounce (“oz”) and $24.00 per silver (“Ag”) oz. John Miniotis, President and CEO, commented, “We’re very pleased with the results of this PEA which demonstrates that Diablillos is a stand-out, economically robust silver-gold project with significant upside potential. Importantly, this assessment is just a snapshot of the potential value of Diablillos. Our ongoing Phase II exploration program continues to intersect multiple high-grade results which are expected to add significant incremental value. Moreover, we have identified several opportunities to further expand and optimize the PEA case, which we intend to evaluate as we proceed towards a Feasibility Study.” |
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