AbraSilver Resource Corp. announced the commencement of its maiden drill campaign at the La Coipita project (La Coipita or the Project) located in the San Juan province of Argentina adjacent to the Chilean border. The company has an option agreement to acquire a 100% interest in the Project which encompasses a large area, totaling approximately 70,000 hectares, in the western portion of the Calingasta Department.

The initial drilling program is expected to consist of approximately 3,000 meters of HQ diamond core drilling in six, 500-meter-deep holes. A follow-up drill program will be considered following receipt of the initial results. The Project is located in the San Juan Province in a geological setting similar to world-class deposits in the same belt, including the Filo del Sol and Los Azules projects, where porphyry style mineralisation is found immediately beneath epithermal mineralization.

While the initial holes are currently being planned to a depth of approximately 500 meters, the Company will evaluate drilling progress to see if deepening any holes is warranted to test for deeper underlying porphyry mineralisation. The initial drill program will test several high-priority targets including the Yareta high sulphidation target area where previous drilling obtained a number of high-grade copper and gold intercepts. Reconnaissance exploration work completed by AbraSilver has shown that mineralisation in this area is expected to be more widespread than the zone previously drilled in 1997.