AbraSilver drills 32.0 m at 580 g/t AgEq in oxides at JAC Zone

Toronto, ON - TheNewswire - May 4, 2023 - AbraSilver Resource Corp. (TSX.V:ABRA ) ( OTC:ABBRF) (“ AbraSilver ” or the “ Company ”) is pleased to announce its latest diamond drilling assay results holes from the ongoing Phase III exploration program on the Company’s wholly-owned Diablillos property in Salta Province, Argentina (“Diablillos” or the “Project”). Drilling at the JAC zone continues to consistently intersect high-grade silver oxide mineralization, with associated gold in some areas, at shallow depths, as well as underlying copper and silver mineralization in sulphides. The JAC zone remains open along strike towards the southwest and in other directions.

The latest assay result highlights are summarized in Table 1 below. Table 1 – Diablillos Drill Result Highlights in JAC Zone (Intercepts greater than 2,000 gram-metres AgEq shown in bold text) : Note:  All results in this news release are rounded. Assays are uncut and undiluted.

Widths are drilled widths, not true widths. True widths are estimated to be approximately 80% of the interval widths. 1 AgEq based on 81.9(Ag):1(Au) calculated using long-term prices of US$25.00/oz Ag and US$1,750/oz Au, and 73.5% process recovery for Ag, and 86.0% process recovery for Au as demonstrated in the Company’s Preliminary Economic Assessment in respect of Diablillos dated January 13, 2022, using formula:  AgEq g/t = Ag g/t + Au g/t x (Gold Price/Silver Price) x (Gold Recovery/Silver Recovery). Key takeaways from the latest JAC zone drill results include: DDH 23-017 was drilled to test the southwest extension of the JAC zone and intersected several zones of silver mineralization in oxides, with 12.0 metres grading 876.1 g/t Ag from a downhole depth of 92.0 metres downhole, includi