AbraSilver Resource – Final Silver And Gold Drill Assays From Phase 5 Exploration Program, Building Towards Resource Update, DFS, EIA, and RIGI Approval
John Miniotis, President and CEO, and Dave O’Connor, Chief Geologist of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), join me to review the final silver and gold assay results from drill holes completed as part of the Phase V diamond drilling program at its wholly-owned Diablillos project in Salta Province, Argentina. We discuss how these drill results will be incorporated into the upcoming Mineral Resource estimate (“MRE”), underpinning the Company’s Definitive Feasibility Study (“DFS”), which continues to remain on track for completion in Q2/2026.
This Phase V drill program has been mostly focused on the Oculto East and JAC zones at their wholly-owned Diablillos property and the final holes demonstrated that JAC is not closed off and yielded more high-grade intercepts:
- JAC: Strong near-surface silver mineralization continues to expand the Mineral Resource growth potential, including:
- DDH 25-096: 57.0 metres (“m”) of 51 g/t silver from 109 m downhole
- DDH 25-099: 13.0 m of 477 g/t silver from 151 m downhole
- DDH 25-104: 17.0 m of 432 g/t silver & 1.10 g/t gold from 131 m downhole, including 6.0 m at 1,093 g/t silver & 2.42 g/t gold
We review how these results continue to expand oxide-hosted silver and gold mineralization to the southwest, along the corridor between JAC and Oculto. Dave points out that prior results in this program also expanded mineralization to the east of the Oculto deposit, extending the high-grade gold zone and highlighting the continued strong exploration upside potential across the Diablillos system.
The exploration team now believes these higher-grade gold intercepts are just the top of a porphyry deposit at depth, and pointed to the deeper hole targeting a different porphyry target at Cerro Viejo. Additionally, we circle back to the Sombra target identified in the Phase IV drill program last year, and how it is possible that there is a parallel trend that could extend from Sombra up to Oculto East, and that more drilling will focus on that thesis in the Phase VI drill program to come.
John takes us through the busy year the company has in front of them due to a series of upcoming catalysts all the way though the end of 2026. The drilling data from Phase V will be compiled into an updated Resource Estimate that will come out in parallel with their Definitive Feasibility Study due out in the 2nd quarter of 2026.
Additionally, the Company is waiting on their EIA permits and RIGI approval, which will be the triggers for a decision to begin construction next year. John reiterates why the RIGI laws in Argentina are so economically advantageous to the Company, relaxing currency controls, reducing export duties to 0% over a couple years, and reducing taxation to 25% over a 30-year stability period.
Wrapping up John unpacks why all these catalysts will provide opportunities for the company to rerate higher, and he highlights the current valuation has the company is receiving, which is more in line with silver trading in the low $20s; which is stark contrast to spot silver prices trading well north of $100 an ounce.
If you have any follow up questions for John regarding at AbraSilver, then please email them into me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of AbraSilver Resource Corp at the time of this recording and may choose to buy or sell more shares at any time.
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Well we had the typical morning smashdown…. so investors will likely sell off shares into high metals prices, versus considering what these prices mean to margins or project economics.
You are starting to sound like me. haha
There is no use complaining about it. (And yes, I should take my own advice.)
The bottom line is anyone long silver miners over the metal will be wrong until they are right.
One thing I can appreciate about Peter Schiff on the subject of the miners’ underperformance is that he is still staunchly maintaining that the market is getting it wrong and that the miners are a screaming buy and cheap relative to the metal. He may be wrong ultimately (along with the rest of us), but he remains stubbornly bullish on the miners vs the metal and is pounding the table right now.
Was today an options expiry date?
Answer… Jan 27 was, this was an intentional takedown IMO.
Maybe an outside trading day for silver? has to finish around $122.
Peter Krauth on Why Silver Mining Valuations Haven’t Caught Up
Kitco Mining w/ Paul Harris – Jan 28, 2026
00:26 – How Silver Entered a New Market Phase
01:01 – Supply Deficits, Flat Mine Output, and Inventory Drawdowns
02:11 – Global Silver Demand and China’s Role in the Supply Chain
06:30 – Volatility, Corrections, and How Investors Should Position
14:18 – M&A Trends and Why Silver Producers Are Moving Down the Food Chain
21:39 – Risks, Industrial Headwinds, and the Silver Investment Case
24:51 – Silver Demand from Solar, Data Centers, and Emerging Technologies
Silver, 15m, keeps trucking on…
… same as before… sell all your silver stocks first thing in the morning and buy them back an hour later.
Dan
Deja Vu trading. Although the last 6 days trading are positive, the pattern is similar to what we experienced for a couple years during the take down after 2021 and after. Opening is predominantly up with a take down within minutes. Capped through most of the morning, turn around begins a couple hours before close, with a possible controlling push into close (could be up or down). During the take down years, mostly down. During the more recent period, mostly up but contained to no more than + 2-3% (no matter if physical Gold and Silver up more or less than miners). After markets have been taking more and more of an influence. In past years, there were some errors in “closing prices” only in Customer Accounts overnight after the close. My correspondence with the brokerage firms said it was after market action. However most were using the NY closing for consistency. The brokerage firms then rotated to actually using aftermarket prices for closing data only in Customer Accounts. (If checking their “Research” quotes or “trading” quotes they were only using the OTC or other NY Close prices.)
All I could guess what they could gain from that was by using a lower customer account closing price, first it reflect a lower total value of Customer Accounts overnight maybe giving them added cash flow and not having to borrow (I would think they would never need to unless comingling funds) Two, it reflects a “false gain/or loss” only in Customer Accounts for the individual stocks that had a change to their previous days closing (falsely reflecting daily gains/losses only in customer accounts) making the investor believe a stock was having an abnormally good day or bad day in that stock. It could generate sales based on false information if one didn’t check the previous close for each trade. Three: it forces customers to constantly have to do manually computations of account value every day they were using the inconsistent data which could motivate just dumping a particular stock due to the repetitive use of that stock.
Anyway … it appears now rather than blatantly altering the closing costs, they have advised customers that “after market” activity may cause “temporary changes” to account values over night. That means your account may reflect different values at open than 4 PM EST which gives them the latitude to actively move price up or down after close (which is illegal) which is the same as intervening in markets which moving of price for personal gain has always been illegal except for maybe the last 50 years when they have slowly deregulated and removed “fiduciary responsibility”.
So short answer: “Despite the failure of the paper system which formerly set price, there is still intervention”. That also means there may be a lag in the miners despite large daily gains in the physical pries. There also may be a difference in pricing between Eastern and Western markets which I would expect to lessen as the Comex and LBME/LBMA lose control. But, as currency lose value, precious metals should rise. And…there could always be a “reset” changing it all at anytime. In the meantime, all markets are going up (some for a long time) so watch out for more inflation and crazy irrational greed from from governments and corporations.
As far as today, I am going to watch the game but not eat any popcorn until this afternoon. Tomorrow might be a two-bowls-of-popcorn day because today makes no sense unless are you are trying to change market direction by force.
And it is all done by auto trading so the retail trader can’t even buy or sell until the autos are all done and have moved the price so far.
The venture in Canada will allow a whole bunch of trades to go through without affecting the price or bid/ask volumes, then in the afternoon one big trade will go through as though they held the trades until they could get a favourable price, effectively shorting a penny stock, also illegal I believe but not pursued as such.
Impact is a prime example of sell in first 15 and buy back an hour later… rinse… repeat…
IPT, 5m,
Almost every silver stock down harshly yet silver still way over $100… every time the price of silver goes down a new batch of investors are convinced it’s “the big one!”.
Looks like SLVD might have to go through another share consolidation, silver was held back for 45+ years IMO and is breaking it’s chains. G/S ratio may approach 1:16 ish someday, sigh.
Silver, 15m, … and down.
Wow … good stuff Dan. You sound as frustrated as I am. Thanks for the additional feedback. I am happy we have been going up for over a year (although it makes me nervous that the rug will get pulled out from under us for the gajillionist time). As EX used to say when he was much younger “Onward and Upward”.
BTC has spilled lower as most of us expected.
It’s now below the weekly Ichimoku cloud, a signal of a longer term bearish move.
Ethereum smashed too. All Cryptos?
One week old gap on TSX.venture index filled today, one week worth of gains gone in an hour and fifteen minutes.
Absolutely crazy volatility.
There is now a clear arb opportunity between Comex and Shanghai silver prices.
Getting some up movement in Canadian Copper and Magma Silver in IBKR account. Throw in Pacific Empire also.
Bitcoin’s real all time high happened 13 months ago at 41 ounces of gold. It is now trading at 15 ounces and is about to go much, much lower.
https://schrts.co/jneSAWqE
Gold at $5,555
Silver at $118
Platinum at $2709
Copper at $6.30
Stellar price action in the metals… let’s see if the mining stocks get the memo today…