Abra Silver: An Overview
About Abra Silver
Abra Silver Corp. (TSX-V: ASW) is a Canadian mineral exploration company focused on advancing the high-grade Santa Rosa silver-gold project located in Argentina. The project consists of several exploration concessions covering an area of 1,200 hectares.
Project Highlights
- Significant silver mineralization with grades of up to 2,881 grams per tonne (g/t)
- High-grade gold mineralization with grades of up to 14.1 g/t
- Open-pit and underground mining potential
- Strong infrastructure in place, including roads, power, and water sources
Mineralization
The Santa Rosa project hosts two main types of mineralization:
- High-grade silver veins: These veins are narrow and carry high grades of silver, with the main vein containing an average grade of 1,000 g/t silver over a width of 1.5 meters.
- Bulk-tonnage silver-gold mineralization: This mineralization is characterized by lower grades but higher volumes, with an average grade of 100 g/t silver and 0.5 g/t gold.
Exploration and Development
Abra Silver has conducted extensive exploration at the Santa Rosa project, including drilling, geophysical surveys, and metallurgical testing. The company has defined a mineral resource of approximately 30 million ounces of silver and 300,000 ounces of gold.
Currently, Abra Silver is focused on advancing the project to the pre-feasibility stage, which will involve further drilling and engineering studies. The company aims to develop Santa Rosa as a high-margin, long-life silver-gold producer.
Management Team
Abra Silver is led by an experienced management team with a proven track record in the mining industry. The team includes:
- David O’Connor: President and CEO
- Francisco Sontag: Vice President of Exploration
- Paul Conway: Chief Financial Officer
Financial Performance
Abra Silver reported a strong financial performance in 2022, with cash of approximately $12 million and no debt. The company is well-funded to continue its exploration and development activities at the Santa Rosa project.
Conclusion
Abra Silver Corp. is a promising silver exploration company with a high-quality asset in Argentina. The Santa Rosa project has the potential to become a significant silver-gold producer. With an experienced management team and strong financial backing, Abra Silver is well-positioned for continued success.
