--- canonical_url: "https://clubminero.com/contenido/5041/abra-silver" title: "AbraSilver on Gold Forum Americas: The successful exploration" article_type: "Article" description: "Diablillos and La Coipita (Argentina). \"Our company is led by an experienced management team\"" main_image: "https://clubminero.com/download/multimedia.normal.bc159ff63c66cc56.YWJyYXNpbHZlciBwbmdfbm9ybWFsLndlYnA%3D.webp" date_published: "2023-09-25T15:46:00-03:00" date_modified: "2023-09-26T00:07:42-03:00" tags: - "ABRASILVER" - "ARGENTINE MINING" - "GOLD AND SILVER" - "MINING EXPLORATION" - "SALTA" author_name: "CLUBminero" category_name: "Empresas y RSE" category_url: "https://clubminero.com/categoria/6/empresas-y-rse" category_description: "Novedades de Empresas y Protagonistas de la minería, el oil&gas y otras actividades. Actividades de Responsabilidad Social Empresaria (RSE)" --- # AbraSilver on Gold Forum Americas: The successful exploration ![abrasilver png](/download/multimedia.normal.bc159ff63c66cc56.YWJyYXNpbHZlciBwbmdfbm9ybWFsLndlYnA=.webp) *CEO Miniotis at Denver: ABRA good news again* **On the recente Gold Forum Americas, the exploration mining company AbraSilver Resource Corp. (TSX.V: ABRA; OTCQX: ABBRF) announced *"the assay results for the final set of drill holes completed as part of the Company’s highly-successful Phase III drill program, on its wholly-owned Diablillos property"* in Salta Province, Argentina.** **The Higlights*****+The reported holes were designed to delineate the margins** of the JAC zone, ahead of the upcoming Mineral Resource estimate (MRE) and a Pre-Feasibility Study (PFS) on the Diablillos project. Key takeaways include:* ***+Holes DDH 23-066 to DDH 23-070 were drilled**to determine the northwestern edge of the JAC zone. All holes encountered silver mineralization, with a broad intercept of 64 m grading 148 g/t Ag in hole DDH 23-070 from a down hole depth of only 41 m.* Exploradoras ¿Por qué todos hablan de AbraSilver? Los tips de Benítez y analistas de bolsa ***+Holes DDH 23-071 to DDH 23-075*were drilled to test the northeastern** edge of the JAC zone. The holes encountered several narrower zones of silver mineralization, with hole DDH 23-075 intersecting 15.0 m at 93 g/t Ag and 0.78 g/t Au. ![diablillos campamento](http://clubminero.com/download/multimedia.normal.a031a62b988f1a20.ZGlhYmxpbGxvcyBjYW1wYW1lbnRvX25vcm1hbC53ZWJw.webp) ***+Results from DDH 23-075 are highly encouraging**as they demonstrate the continuity of mineralization between the JAC zone and the main Oculto deposit, and the possibility of a combined open pit.* ***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 Argentina.* Diablillos tiene más plata y busca prefactibilidad. La presentación corporativa ***"The current Measured and Indicated Mineral Resource**estimate for Diablillos consists of 51.3 Mt grading 66g/t Ag and 0.79g/t Au, containing approximately 109Moz silver and 1.3Moz gold, with significant further upside potential based on recent exploration drilling*", said Gold Forum about AbraSilver. [***CLUBminero Youtube: ABRASILVER PRESENTATION AT GOLD FORUM AMERICAS***](https://youtu.be/HaaV6sjdIkI) [![Diseño sin título](http://clubminero.com/download/multimedia.normal.bc99a309401a0bbe.RGlzZcOxbyBzaW4gdMOtdHVsb19ub3JtYWwud2VicA%3D%3D.webp)](https://youtu.be/HaaV6sjdIkI) ***+Hole DDH 23-065 was drilled beyond the northwestern**edge of the JAC zone, into the recently discovered JAC North zone. The hole successfully encountered a near-surface intercept of 7 m grading 119 g/t Ag and 0.14 g/t Au, starting at a down hole depth of only 85 m.* ***+This encouraging result further confirms the presence** of a new significant mineralized structure beyond the main JAC zone. The newly discovered JAC North zone is located over 900 m beyond the limit of the conceptual open pit that defines the current Mineral Resource estimate at Oculto and approximately 100 m northwest of the high-grade JAC zone.* ***While hole DDH 23-075 represented the final drill hole**at the main JAC zone as part of the Phase III drill campaign, the Company completed drilling of six additional holes at nearby exploration targets (namely JAC North, Alpaca and Fantasma).* ***#DOCS AbraSilver: A High-Growth Silver and Gold Explorer:*** ***+ These results are expected**to be received within the next few weeks and will help determine the highest-priority targets for the next phase of exploration. The Phase III drill program has now been successfully completed. The Company is preparing an updated MRE which remains on schedule to be completed within the next few weeks, to be followed by a PFS on the Diablillos project.* “*We are delighted with the results of our highly successful phase III drill campaign. The consistent, high-grade drill results encountered throughout the past year clearly demonstrate the large-scale silver-gold mineralization potential at our flagship Diablillos project. The completion of this drill campaign represents another major milestone for the Company and reinforces our belief in the tremendous value remaining to be unlocked through our ongoing exploration efforts".* commented**John Miniotis, President and CEO.** **ABRA Financials by GFA** **Valuation** Market Capitalization172.115M Enterprise Value (MRQ)147.461M Enterprise Value/EBITDA (TTM)— Total Shares Outstanding564.312M Number of Employees36 Number of Shareholders— Price to Earnings Ratio (TTM)— Price to Revenue Ratio (TTM)— Price to Book (FY)5.0648 Price to Sales (FY)— **Balance Sheet as of Jun 29, 2023** Quick Ratio (MRQ)12.5816 Current Ratio (MRQ)12.5816 Debt to Equity Ratio (MRQ)0.0001 Net Debt (MRQ)−10.898M Total Debt (MRQ)3.138K Total Assets (MRQ)34.276M **Operating Metrics** Return on Assets (TTM)-0.7138 Return on Equity (TTM)-0.8146 Return on Invested Capital (TTM)-0.8146 Revenue per Employee (FY)0 **Price History** Average Volume (10 day)608.568K 1-Year Beta1.6553 52 Week High0.4650 52 Week Low0.2500 **Dividends** Dividends Paid (FY)0 Dividend Yield Forward— Dividends per Share (FY)0 **Margins** Net Margin (TTM)— Gross Margin (TTM)— Operating Margin (TTM)— Pretax Margin (TTM)— **Income Statement** Basic EPS (FY)-0.0427 Basic EPS (TTM)-0.0444 EPS Diluted (FY)-0.0427 Net Income (FY)−20.904M EBITDA (TTM)−36.922M Gross Profit (MRQ)−4.237K Gross Profit (FY)−6.864K Last Year Revenue (FY)0 Total Revenue (FY)0 Free Cash Flow (TTM)−32.218M *"The Company is led by an experienced management team and has long-term supportive shareholders including Eric Sprott. In addition, AbraSilver owns a portfolio of earlier-stage copper-gold projects including the La Coipita copper-gold project in the San Juan province of Argentina. AbraSilver is listed on the TSX-V under the symbol ABRA and in the U.S. under the symbol ABBRF"*, said the company. ![abra silver fact](http://clubminero.com/download/multimedia.normal.bcdd46d47f6edfe9.YWJyYSBzaWx2ZXIgZmFjdF9ub3JtYWwud2VicA%3D%3D.webp) ![abra silver fact 2](http://clubminero.com/download/multimedia.normal.82191321a5b81af2.YWJyYSBzaWx2ZXIgZmFjdCAyX25vcm1hbC53ZWJw.webp) --- *Contenido creado y optimizado para IA con [Medios CMS](https://medios.io)* — Plataforma profesional para la gestión de medios digitales y portales de noticias.