en.Wedoany.com Reported - Diablo Resources (ASX:DBO) has received shareholder approval to acquire an 80% interest in the Horn Silver Project in Utah, USA.

Shareholders approved the acquisition at a general meeting held on June 29, 2026, paving the way for completion of the transaction under a binding agreement framework.

The company is acquiring 80% of the shares of Antler Resources, which holds exclusive options over 101 patented mining claims and directly owns 100 unpatented mining claims that constitute the Horn Silver Project.

The Horn Silver mine has a historical production of 17 million ounces of silver and 30,000 ounces of gold. The project covers an area of approximately 13.2 square kilometers and includes 201 mining claims, with the patented claims providing permitting flexibility.

Chief Executive Officer Lyle Thorne stated that the Horn Silver Project is a high-grade historical silver mine with ready-to-drill targets, forming part of a broader district-scale mineralized system that has never been systematically explored.

He also noted that, in addition to expanding the mineralized zones around the historical mining area, the project has multiple underexplored silver, antimony, and copper targets, presenting significant upside potential.

Priority exploration targets include near-mine extensions below and adjacent to the historical mining area. A strong induced polarization (IP) anomaly exists beneath the historical mining area, interpreted as an extension of the known system.

Regional geophysical surveys have identified priority IP targets within 500 to 2,000 meters of the Horn Silver mine, under similar structural and geological settings.

Rock sampling results completed by multiple explorers in the project show elevated levels of silver, antimony, copper, gold, and other base metals, indicating a regional-scale geochemical anomaly in the area.

Approximately 2 kilometers northwest of the Horn Silver mine, a copper skarn mineralization system associated with many old workings has been identified, and this area has not yet been fully tested.

Initial exploration work, including regional mapping, sampling, and data review, is underway to prioritize drill targets before the first drilling program commences.

Field exploration within the unpatented mining claims has begun, including reconnaissance geological mapping and sampling.

Diablo Resources will advance permitting and drill planning for priority targets, including extensions of the historical Horn Silver mine and regional IP anomaly targets.