Toronto, Ontario — January 13, 2026 — Leads & Copy — AbraSilver Resource Corp. (TSX: ABRA) (OTCQX: ABBRF) has commenced its Phase VI diamond drilling program at the wholly-owned Diablillos project in Argentina, the company announced. The company also released additional assay results from the recently completed Phase V drill program.
The 15,000-metre Phase VI diamond drilling program is fully funded and designed to expand and upgrade the existing Mineral Resources and evaluate high-priority exploration targets.
The program will focus on extending gold and silver mineralization beyond current conceptual open pit limits at Oculto East, Oculto Northeast, Cerro Bayo and JAC.
Targeted drilling is also planned to assess sulphide-hosted and porphyry-style mineralization at Oculto Deep and Cerro Viejo.
Phase VI results are expected to support continued Mineral Resource growth beyond those included in the upcoming Definitive Feasibility Study, which remains on schedule for release in Q2 2026 and will incorporate all data from the recently completed Phase V program.
According to President and CEO John Miniotis, the successful completion of Phase V drilling marks an important milestone for Diablillos. He added that the Phase V drill results will be incorporated into an updated Mineral Resource estimate that will form the basis of the upcoming Definitive Feasibility Study and that the company’s exploration focus remains on unlocking additional upside beyond the DFS with Phase VI now underway.
Chief Geologist Dave O’Connor noted that Phase V delivered impressive intervals of gold mineralization extending beyond the conceptual open pit limits at Oculto East, underscoring the strength, continuity, and scale of the Diablillos mineralizing system. He added that Phase VI has been carefully designed to build on this success by expanding known mineralized zones, upgrading Mineral Resources within and beyond the existing open pit, and testing several high-priority exploration targets across the district.
The Phase VI drill program is expected to include approximately 50 diamond drill holes. Drilling activities have commenced with two drill rigs active, and the program is expected to be completed before year-end.
Drilling is designed to both expand and upgrade Mineral Resources within and beyond existing conceptual open pit limits, as well as to test high-priority exploration targets across the broader Diablillos district. The highest-priority targets are focused on extending oxide gold and silver mineralization at Oculto East, Oculto Northeast and Cerro Bayo, where recent drilling demonstrated strong continuity and potential to further expand open pit Mineral Resources and improve strip ratios.
The Phase VI program also includes drilling to evaluate the Condoryacu target, a new exploration area where the Company has recently entered into an option agreement to acquire the property from a third-party vendor. Condoryacu is located approximately 3 km south of the latest conceptual Oculto open pit and has not previously been drill-tested by the Company. Initial drilling will focus on verifying historical exploration data and assessing the continuity, geometry and scale of the mineralization. Successful results from this work could support the exercise of the option and highlight the potential for additional satellite mineralization within the broader Diablillos district.
Phase VI drilling will also focus on JAC, Sombra and Fantasma, where additional drilling is designed to test for extensions of known mineralization and assess continuity between deposits. Collectively, the Phase VI program is expected to support continued Mineral Resource growth and longer-term exploration upside beyond the DFS.
The company has received additional assay results from drilling at JAC as part of the Phase V drill program, which will be incorporated into the upcoming MRE. Recent drilling at JAC was primarily aimed at delineating the margins of known mineralization. Results confirm that silver mineralization remains present at the periphery of the deposit, although grades decrease as drilling moves further away from the higher-grade core.
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 has reviewed and approved the scientific and technical information in this news release.
John Miniotis, President and CEO
info@abrasilver.com
Tel: +1 416-306-8334
Source: AbraSilver
