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The Company also announces that it has filed an amended and restated technical report entitled “Amended and Restated NI 43-101 Technical Report, Pre-Feasibility Study for the Diablillos Ag-Au Project” (the “Amended Technical Report”). The Amended Technical Report supersedes the pre-feasibility study technical report filed by the Company on
The Amended Technical Report contains updated figures for the Proven and Probable (“P&P”) Mineral Reserves for the Company’s wholly-owned Diablillos project in Salta province,
The updated P&P Mineral Reserves as set forth in the Amended Technical Report are as follows:
Mineral Reserve Estimate -
Mineral Reserve (all domains) | Tonnage (000 t) | Au (g/t) | Ag (g/t) | AgEq (g/t) | Contained Ag (000 oz Ag) | Contained Au (000 oz Au) | Contained AgEq (000 oz AgEq) |
Proven | 12,364 | 0.86 | 118 | 185 | 46,796 | 341 | 73,352 |
Probable | 29,930 | 0.80 | 80 | 142 | 76,684 | 766 | 136,267 |
Total Proven and Probable | 42,294 | 0.81 | 91 | 154 | 123,480 | 1,107 | 209,619 |
Proven and Probable Mineral Reserves by operating phase.
Proven Reserves | |||||||
Phase | Tonnage | Au | Ag | AgEq | Contained Ag | Contained Au | Contained AgEq |
1 | 3,950 | 0.60 | 173 | 219 | 21,985 | 75 | 27,864 |
2 | 317 | 0.10 | 176 | 183 | 1,793 | 0.9 | 1,869 |
3 | 2,408 | 0.76 | 166 | 225 | 12,873 | 58 | 17,453 |
4 | 3,032 | 1.07 | 82 | 165 | 7,990 | 104 | 16,085 |
5 | 1,381 | 1.25 | 27 | 124 | 1,184 | 55 | 5,516 |
6 | 1,273 | 1.13 | 24 | 111 | 968 | 46 | 4,562 |
Total | 12,364 | 0.86 | 118 | 185 | 46,796 | 341 | 73,352 |
Probable Reserves | |||||||
Phase | Tonnage | Au | Ag | AgEq | Contained Ag | Contained Au | Contained AgEq |
1 | 4,437 | 0.52 | 170 | 210 | 24,248 | 73 | 29,970 |
2 | 1,238 | 0.07 | 181 | 186 | 7,191 | 2 | 7,396 |
3 | 4,073 | 0.57 | 134 | 178 | 17,527 | 75 | 23,373 |
4 | 9,439 | 0.85 | 62 | 127 | 18,693 | 256 | 38,639 |
5 | 4,115 | 1.15 | 26 | 116 | 3,457 | 152 | 15,334 |
6 | 6,626 | 0.96 | 26 | 101 | 5,565 | 205 | 21,552 |
Total | 29,930 | 0.80 | 80 | 142 | 76,684 | 766 | 136,267 |
Proven & Probable Reserves | |||||||
Phase | Tonnage | Au | Ag | AgEq | Contained Ag | Contained Au | Contained AgEq |
1 | 8,387 | 0.55 | 171 | 214 | 46,233 | 149 | 57,835 |
2 | 1,555 | 0.07 | 180 | 185 | 8,984 | 3 | 9,265 |
3 | 6,482 | 0.64 | 146 | 196 | 30,401 | 134 | 40,826 |
4 | 12,471 | 0.90 | 67 | 136 | 26,684 | 360 | 54,725 |
5 | 5,496 | 1.18 | 26 | 118 | 4,642 | 208 | 20,851 |
6 | 7,900 | 0.99 | 26 | 103 | 6,534 | 251 | 26,115 |
Total | 42,294 | 0.81 | 91 | 154 | 123,480 | 1,107 | 209,619 |
There were no material changes in the Amended Technical Report from the prior Pre-Feasibility Study technical report in respect of the Project other than as set out herein.
Qualified Persons
David O’Connor P.Geo., Chief Geologist for AbraSilver, is the Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and he has reviewed and approved the scientific and technical information in this news release.
About AbraSilver
AbraSilver is an advanced-stage exploration company focused on rapidly advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of
For further information please visit the
Alternatively please contact:
info@abrasilver.com
Tel: +1 416-306-8334
Cautionary Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-lookingstatements. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary statements in the Company’s disclosure documents filed with the applicable Canadian securities regulatory authorities on SEDAR+ at www.sedarplus.ca. The risk factors and other factors noted in the disclosure documents could cause actual events or results to differ materially from those described in any forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither the
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