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

    June 16, 2026|

    Reviewed by Joe Ashwell

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

    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.

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    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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