en.Wedoany.com Reported - Canadian mining company AbraSilver Resource has recently announced an updated mineral resource estimate for its Diablillos project in Salta Province, Argentina, showing a significant increase in silver and gold resources. The updated resource includes a total of 248 million ounces of silver and 2.5 million ounces of gold, with Measured and Indicated resources reaching 454 million ounces on a silver equivalent basis.

The resource growth is primarily attributed to recent drilling activities at the Oculto and JAC deposits, which have expanded key mineralized zones. The company stated that the new data confirms the scale and quality of the deposits, further solidifying Diablillos' position as a major gold-silver development-stage project in Argentina.

This estimate incorporates material amenable to both tank leaching and heap leaching, expanding the project's economic potential by including lower-grade ore that was not previously considered. The resource growth also benefited from an improved geological understanding of the deposits and updated metal price assumptions.

AbraSilver plans to use this updated resource estimate as the basis for the definitive feasibility study, which is now in its final stages and is crucial for advancing towards a final investment decision. Meanwhile, the company will continue exploration to expand the resource base at Diablillos and explore prospective areas within the region.

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