Diablo Resources reports 1,580 g/t silver in Horn grab samples

Diablo Resources Ltd ASXDBO OTCMKTSDBORF said in an Australian announcement dated Nov. 9 that grab sampling at its Horn Project in Utah returned silver grades up to 1,580 grams per tonne. Historical mine-dump material also returned 0.47 per cent antimony alongside 1,495 grams per tonne silver, adding an antimony target to its exploration plans.

Shares were unchanged at A$0.008 on the Australian Securities Exchange as of 3:59 p.m. AEDT on Nov. 6, in the ASXDBO quote. That quote predates the announcement.

The program comprised 65 reconnaissance rock samples across patented claims, collected from historical workings, outcrop and loose rock. These are grab-sample assays, which provide no drill interval or measured true width for the reported grades.

Diablo plans to integrate the assays into regional target rankings before its maiden Horn drilling program in the first quarter of 2027. Follow-up mapping, sampling, permitting and drill planning remain among the steps it lists before drilling.

The company is a mineral explorer with projects in the western United States. Its Oct. 29 quarterly report said it had completed the acquisition of an 80 per cent interest in Horn during the quarter ended Sept. 30.

The highest silver assay in the new batch came from the Gossan prospect. Other Gossan samples returned 826 and 464 grams per tonne silver, giving the company further surface results to incorporate into target selection.

At the historic Horn Silver Mine, the company says the association between antimony and silver-bearing dump material had not previously been recognised. It plans systematic sampling of mineralised exposures in the old pit and historical dumps to assess antimony's distribution and grade.

Diablo is also investigating the condition and accessibility of old underground workings. Its objective is safe access for underground mapping and channel sampling, which would allow direct sampling of mineralisation in place and help prioritise future drill targets.

The Drum prospect returned silver assays up to 509 grams per tonne. A separate sample there carried 363 grams per tonne silver and 3.90 grams per tonne gold.

"We have now established a growing pipeline of high-priority drill targets across several prospective mineralised structures," chief executive Lyle Thorne said in the release.

Diablo says the new results will be combined with geological, geophysical and structural interpretations to focus drilling on prospective mineralised trends. The reconnaissance program was designed to verify historical results, trace known anomalies and identify previously unrecognised mineralised zones.

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The next planned Horn milestone is maiden drilling in the first quarter of 2027, with permitting and drill planning still to be finalised.