AbraSilver’s La Coipita copper-gold: drill results and JV lens for mine planners
Reviewed by Joe Ashwell

First reported on MINING.com
30 Second Briefing
AbraSilver Resource has reported its best intercept to date at the Teck-funded La Coipita copper-gold porphyry in San Juan, with hole DDH-LC26-010 cutting 747.5 m at 0.69% Cu, 0.06 g/t Au and 142 ppm Mo from 396 m, including 108 m at 1.06% Cu. A second mineralised centre at Yaretas Sur, 1.9 km south, returned 42 m at 1.03% Cu, 0.63 g/t Au and 41 g/t Ag from 264 m, supported by a new magnetotelluric survey suggesting southern extensions. Teck has now drilled 11,270 m in 19 holes and spent about US$23 million, exceeding the US$20 million earn-in threshold toward an 80–20 JV.
Technical Brief
- Teck’s earn-in has funded 11,270 m of drilling in 19 holes since 2024.
- The 2026 campaign comprised seven holes totalling 5,248 m, targeting both Yaretas and Yaretas Sur.
- La Coipita sits at 3,500–4,500 m elevation near the Chilean border in San Juan province.
- Teck has already spent about US$23 million at La Coipita, surpassing the US$20 million exploration threshold.
- Hole DDH-LC26-011 at Yaretas returned 250.6 m at 0.39% Cu, 0.07 g/t Au, 119 ppm Mo from 550 m.
- Several holes (DDH-LC26-013 to -016) show incomplete target testing, with two failing to reach planned depths.
- Diablillos, AbraSilver’s main asset, hosts 102 Mt M&I tank-leach resource at 65 g/t Ag and 0.62 g/t Au.
- That Diablillos resource contains ~213 Moz Ag and 2 Moz Au, with funding in place to a construction decision.
- Teck’s 80–20 JV earn-in structure leaves AbraSilver free-carried at La Coipita pending remaining cash payments.
Our Take
Teck’s US$23 million spend to exceed the US$20 million earn-in threshold at La Coipita is at the upper end of exploration commitments we see in recent Latin American copper JVs, which typically signals internal confidence in potential Tier-1 scale rather than simple option-holding.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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