AbraSilver Resource Corp, a Canadian exploration company, It has submitted its application to include the Diablelos silver and gold project in the Significant Investment Incentives (RIGI) scheme. This step is considered crucial for the development of the initiative, which is one of the most advanced mining projects in the country, and whose investment in construction is appreciated Exceeds 500 million US dollars.
The Diablillos project dating back to Initial explorations in the 1980senjoys a strategic location in the Argentine Puna region, in the south of the Salta province, on the border with Catamarca, making it a bi-provincial development area. The Canadian company acquired the property, consisting of 15 adjacent and overlapping mining concessions, in 2016.
The property is located approximately 160 kilometers southwest of Salta and 375 kilometers northwest of Catamarca, with year-round road access, a key factor for the logistics of a project of this size.
RIGI is a recently implemented federal investment framework designed to attract and accelerate large development projects in the country. The system offers long-term financial stability agreements and a competitive set of tax, customs and exchange benefitsare essential to provide predictability for large-scale mining investments.
Diablillos, the bi-provincial gold and silver project that RIGI is looking for
Both Salta and Catamarca, the two provinces in which Diabelillos is located, have joined the RIGI mechanism. The company confirms that its request has been approved It will significantly increase the profitability of the project and improve the overall security of investmentwith Diablillos moving to the next stage of development.
John Miniotis, president and CEO of AbraSilver, said the RIGI application represents “another important milestone” for the company. “With our RIGI application already submitted and awaiting government review, We expect to make a decision in early 2026, which will bring transformative benefits to the project“The executive explained.
Goblins, gold and silver wealth
AbraSilver is going through a critical phase with a goal Start construction of the mine in 2026which would place Diableus as one of Argentina’s next major silver and gold producers.
The project is distinguished by its important resources. The current estimate of measured and indicated minerals is large: 186 million ounces of silver and 1.6 million ounces of gold. But the selling point is the ability to grow, with the company announcing significant expansion potential revealed in recent drilling.
Adds exploration to the property More than 150 thousand meters of drilling so farIdentification of multiple occurrences of silver oxide and gold mineralization in areas such as Okolto, Jacques, Laderas and Fantasma. In addition, a large porphyry complex has been identified about 4 km northeast of Okolto, associated with rich gold mineralization.
Commitment to RIGi
The application for listing in RIGI was submitted in A The moment of increasing interest in large projects In Argentina, such as El Pachón, Mara, Veladero and Gualcamayo, which also seek to benefit from this system to ensure the necessary conditions for their development.
The project enjoys the support of the two governorates, which will establish a “cooperation zone.”
In the case of Diableus, a key aspect of its advance was the support achieved between Salta and Catamarca. The project is located in the so-called The “Cooperation Zone” is a 10-kilometre corridor in which the two provinces work together To solve geographical problems that have historically generated administrative and legal delays.
This agreement was necessary to provide predictability to the project and reduce the risks faced by investors. AbraSilver is a company focused on the rapid advancement of Diablillos, its 100% proprietary project, and maintains a share option and joint venture agreement with Teck in La Coipita project located in San Juan Province.