Abra Silver: A Promising Silver Miner
Abra Silver Resource Corp. (TSX-V: ASW) is a Canadian mining company focused on exploring and developing silver deposits in Argentina. The company’s flagship project is the Diablillos property, located in the Salta Province of northwestern Argentina.
Diablillos Silver Project
The Diablillos property is a high-grade silver deposit with the potential to produce significant amounts of silver. The project has a Measured and Indicated Resource of 43.6 million ounces of silver, with an additional 14.4 million ounces of silver in the Inferred Category.
The silver mineralization at Diablillos is hosted in veins and breccias within a volcaniclastic sequence. The veins and breccias are high-grade, with average silver grades ranging from 200 to 1,000 grams per tonne.
Exploration and Development
Abra Silver is currently conducting exploration and development work at Diablillos. The company is focused on expanding the known mineral resource, as well as developing a mine plan for the project.
In 2021, Abra Silver completed a Preliminary Economic Assessment (PEA) for Diablillos. The PEA outlined a mine plan that would produce an average of 6.4 million ounces of silver per year over a 15-year mine life.
The company is currently conducting a Feasibility Study (FS) for Diablillos. The FS is expected to be completed in 2023 and will provide a more detailed assessment of the project’s economics.
Investment Highlights
Abra Silver is a promising silver miner with a high-grade silver deposit at Diablillos. The company is currently advancing exploration and development work at the project, with the goal of developing a mine and producing silver.
Key investment highlights include:
- High-grade silver deposit with a Measured and Indicated Resource of 43.6 million ounces of silver
- Experienced management team with a proven track record of developing successful mining projects
- Strong financial position with approximately $50 million in cash and marketable securities
- Located in a mining-friendly jurisdiction with a long history of silver production
Conclusion
Abra Silver is a promising silver miner with the potential to become a significant silver producer. The company’s flagship Diablillos project is a high-grade silver deposit with the potential to produce significant amounts of silver.
