In significant advancements for the precious metals sector, Blackrock Silver and AbraSilver have both announced substantial progress on their respective mining projects. Blackrock Silver has released an updated Preliminary Economic Assessment for its Tonopah West Project, highlighting increased resources and an extended mine life. Meanwhile, AbraSilver has completed a key acquisition and reported high-grade drill results from its Diablillos project area.
Key Takeaways
- Blackrock Silver’s Tonopah West project shows a 90% increase in indicated mineral resources, projecting over a decade of mine life.
- AbraSilver’s Condoryacu acquisition yields impressive initial drill results, including a significant gold, silver, and copper intersection.
- Both companies are demonstrating positive momentum in resource expansion and economic viability assessments.
Blackrock Silver’s Tonopah West Project Enhancements
Blackrock Silver has unveiled an updated Preliminary Economic Assessment (PEA) for its Tonopah West Project in Nevada. This assessment reveals a significant 90% increase in indicated mineral resources, now totaling 40.2 million silver equivalent ounces. The project boasts a projected mine life of over 11 years, with average annual production estimated at 7.1 million ounces of AgEq.
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Download ChecklistThe PEA, based on a disciplined base case economic scenario using US$31/oz silver and US$2,700/oz gold, indicates a robust after-tax Net Present Value (NPV) of US$437 million and an Internal Rate of Return (IRR) of 28%. The initial capital expenditure is estimated at US$190 million, with a payback period of 3.5 years.
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Get Your Free Starter GuideFurthermore, the economics scale favorably under analyst consensus forecasts for precious metal prices, projecting an after-tax NPV of US$1.55 billion and an IRR of 79%. The project benefits from its location on private land near Tonopah, Nevada, simplifying permitting processes.
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Get Your ChecklistAbraSilver’s Strategic Acquisition and High-Grade Intersections
AbraSilver Resource Corp. has successfully completed the acquisition of the Condoryacu and Maria Amalia properties, strategically located adjacent to its flagship Diablillos project in Argentina. This acquisition was finalized with payments totaling US$2.75 million.
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Compare Crash PerformanceIn parallel, AbraSilver reported initial drilling results from its Phase VI exploration program. Notably, confirmatory drilling at Condoryacu yielded a significant intercept of 72 meters grading 18.7 g/t gold, 117 g/t silver, and 2.06% copper, starting from surface. This intersection is described as the strongest gold grade-thickness result ever reported in the broader Diablillos district.
Additional drilling at Oculto East also confirmed broad zones of oxide gold and silver mineralization extending beyond current conceptual open pit limits. These results underscore the potential for expanding the mineralized system at Diablillos, with further drilling underway to define and expand these zones.
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Create My RMD PlanOutlook for Both Companies
Both Blackrock Silver and AbraSilver are demonstrating significant progress in their exploration and development efforts. Blackrock’s updated PEA for Tonopah West solidifies its economic potential and de-risks the project, positioning it as a compelling undeveloped silver asset. AbraSilver’s strategic acquisition and high-grade drill results at Condoryacu further enhance the prospectivity of its Diablillos project, indicating substantial growth potential.
Sources
- Blackrock Silver Announces Updated Preliminary Economic Assessment for Its Tonopah West Project in Nevada;
+10 Year Mine Life Fortified by 90% Increase in Indicated Mineral Resources, Investing News Network. - AbraSilver Completes Condoryacu Acquisition; Intersects 72 Metres Grading 18.7 g/t Gold, 117 g/t Silver and
2.06% Copper from Surface, Investing News Network.
