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.”