AbraPlata Announces Diablillos PEA Results with 30.2 Percent IRR

AbraPlata (TSX.V:ABRA) (OTC:ABBRF) (Frankfurt:1AH) (“AbraPlata” or the “Company”) is pleased to announce the completion of an independent Preliminary Economic Assessment (“PEA”) on the Company’s 100% owned Diablillos silver-gold project, located in Salta Province, Argentina. The results of the PEA demonstrate the potential technical and economic viability of establishing an open pit silver-gold mine with mill complex on the Diablillos property.

Commenting on the results, Hernan Zaballa, Chairman of AbraPlata, stated:

“We are very pleased with the robust results of the Diablillos PEA.  The PEA demonstrates that Diablillos has the potential to produce almost 10 million AgEq ounces per year at a low all-in sustaining cost per ounce. While the main Oculto deposit does require pre-stripping, the average grades are relatively high for an open pit mine.

On the basis of historical drill results, our geological team believes that there is strong potential to expand the high grade gold zones in the eastern portion of the Oculto deposit, which are not included in the PEA pit shell.”

Click here to read the full text release.

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Connect with our Featured Silver Stocks to receive the latest news and investor presentations.


Leave a Reply