Announcement • 5h
AbraSilver Resource Corp Reports 2026 La Coipita Project Drill Results
AbraSilver Resource Corp. reported assay results from the 2026 drill program at the La Coipita copper-gold-molybdenum project located in the San Juan Province of Argentina. The drill program is fully funded and operated by a subsidiary of Teck Resources Limited under the terms of the earn-in and joint venture agreement. The 2026 program comprised 5,248 metres of diamond drilling across seven holes (DDH-LC26-010 through DDH-LC26-016), designed to test the limits and vertical continuity of known mineralization at the Yaretas target and evaluate new targets generated by the first-ever magnetotelluric geophysical survey completed across the property. Hole DDH-LC26-010 returned the strongest drill intercept recorded to date at La Coipita: 747.5 m grading 0.69% Cu, 0.06 g/t Au and 142 ppm Mo, from 396 m to 1,143.5 m down-hole depth, confirming the presence of a robust and vertically extensive copper-gold-molybdenum system. Including: 108 m at 1.06% Cu, 0.10 g/t Au and 204 ppm Mo, from 396 to 504 m; 184 m at 0.78% Cu, 0.09 g/t Au and 123 ppm Mo, from 604 to 788 m. Hole DDH-LC26-011 returned 250.6 m at 0.39% Cu, 0.07 g/t Au and 119 ppm Mo, from 550 to 800.6 m. This hole confirmed continuity of mineralization between previously reported holes DDHC-22-002 and DDH-LC25-006. Hole DDH-LC26-012 resulted in a new, shallower discovery at the Yaretas Sur target, located approximately 1.9 km south of the main Yaretas drilling area, intersecting multiple zones of copper-gold mineralization: 42 m at 1.03% Cu, 0.63 g/t Au and 41 g/t Ag, from 264 to 306 m, including 28 m at 1.45% Cu, 0.81 g/t Au and 45 g/t Ag. Additional mineralized intervals confirm a vertically extensive mineralized system at Yaretas Sur. The first-ever MT geophysical survey conducted during the 2026 season provides valuable new insights into the geometry of the mineral system and indicates potential extensions to the south, guiding target generation for future drill campaigns. Holes DDH-LC26-013 and DDH-LC26-015 intercepted indicative copper mineralization within the Yaretas zone, highlighting variability in the system; holes DDH-LC26-014 and DDH-LC26-016 were unable to reach planned target depths. Table 1 - Summary of Key Drill Intercepts: Intercepts greater than 25%-metres copper shown in bolded text: DDH-LC26-10 Yaretas 396.0 1,143.5 - 747.5 0.69 0.06 142 3 Including 396.0 504.0 Secondary Enrichment 108.0 1.06 0.10 204 6 Including 604.0 788.0 Hypogene & High Sulphidation 184.0 0.78 0.09 123 3 Including 646.0 666.0 Hypogene & HS 20.0 1.05 0.13 147 4 Including 724.0 742.0 Hypogene & HS 18.0 1.00 0.11 153 3 DDH-LC26-11 Yaretas 550.0 800.6 - 250.6 0.39 0.07 119 3 including 550.0 770.0 HS 220.0 0.42 0.08 127 3 DDH-LC26-12 Yaretas Sur 192.0 206.0 HS 14.0 0.67 0.28 162 264.0 306.0 HS 42.0 1.03 0.63 41 including 264.0 292.0 HS 28.0 1.45 0.81 45 316.0 366.0 HS 50.0 0.29 0.12 14 398.0 464.0 HS 66.0 0.28 0.04 13 488.0 566.0 HS 78.0 0.39 0.24 14 584.0 604.0 HS 20.0 0.36 0.05 12 624.0 662.0 HS 38.0 0.28 0.02 13. All results in this news release are rounded. Assays are uncut & undiluted. Widths are drilled widths, not true widths. True widths are unknown. La Coipita is a district-scale property covering over 70,000 hectares in the western San Juan Province, adjacent to the Chilean border. The property lies within the prolific Miocene porphyry-epithermal belt of Argentina and Chile, host to numerous world-class deposits, including Filo del Sol, Los Azules, El Indio, Veladero, Pascua Lama and El Pachon. Since commencing the earn-in program in 2024, Teck has completed a total of 11,270 m of diamond drilling across 19 holes at La Coipita, representing approximately USD 23 million in expenditures to date against the total earn-in commitment of USD 20 million. In addition to Teck completing USD 20 million in expenditures, certain cash payments defined in the earn-in and joint venture agreement remain to be completed by Teck. On completion of these obligations, it is anticipated the parties will form a Joint Venture (80% Teck, 20% AbraSilver). The 2026 program successfully extended known mineralization at Yaretas, confirmed continuity between previously drilled areas and identified a new mineralized centre at Yaretas Sur. Together with the results of the MT survey, these findings support the potential for a large-scale mineralized system extending well beyond the currently drilled footprint. The 2026 program, which included 5,248 metres of drilling and the first MT survey ever completed on the property, represents a significant step forward in defining the scale and geometry of the system as the project advances toward potential future Mineral Resource delineation. Collar Data: Hole Number UTM Coordinates Elevation Azimuth Dip Depth (m) DDH-LC26-10 383738 6615406 3937 340 -70 1,143.5 DDH-LC26-11 383408 6615329 4045 340 -70 800.6 DDH-LC26-12 384236 6613500 3870 340 -70 794 DDH-LC26-13 384027 6614707 3959 340 -70 1,040 DDH-LC26-14 383405 6615338 4044 160 -70 639 DDH-LC26-15 384026 6615398 3914 340 -70 821 DDH-LC26-16 383490 6615677 4025 340 -70 9.7. All results in this news release for La Coipita have been rounded. Assays are uncut and undiluted. Widths are drilled widths, not true widths. True widths cannot be determined due to the uncertain geometry of mineralization. Core samples were taken every 2m, sent to San Juan for cutting (where applicable), and submitted to ALS Labs for sample preparation and for four-acid digestion multi-element analysis with ICP-MS finish (method codes ME-MS61) and with AAS finish for overlimit of Cu, Pb, Ag, As, Zn, Mo (OG62), and for Au by fire assay with ICP-MS finish (Au-ICP21) and with gravimetry finish for overlimit (Au-GRA21). Steps taken to avoid copper loss from drill core of the supergene enrichment zone included: (1) drilling with triple tube core barrels; (2) sampling whole core in zones of supergene mineralization (retaining 15-20cm of representative skeleton core); (3) avoiding interaction with water or core saws; and (4) taking field duplicates with a hydraulic core splitter. 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.