Approval of Acquisition of High-Grade Horn Silver Project
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| Stock | Diablo Resources Ltd (DBO.ASX) |
|---|---|
| Release Time | 2 Jul 2026, 8:14 a.m. |
| Price Sensitive | Yes |
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Diablo Resources Secures Shareholder Approval for Horn Silver Project Acquisition
Key Points
- Shareholders approve acquisition of 80% interest in Horn Silver Project
- High-grade historic silver mine with multiple underexplored targets
- Project offers substantial upside with favourable permitting conditions
Full Summary
Diablo Resources Limited (ASX: DBO) has announced that shareholders have approved the acquisition of an 80% interest in the Horn Silver Project in Utah, USA. The project, which includes a historic silver mine with historical production of 17 Moz silver and 30,000 oz gold, represents a transformational acquisition for the company. The Horn Silver Project covers approximately 13.2 km2 across 201 claims, including 101 patented claims, providing permitting flexibility and enabling accelerated exploration. Initial exploration activities, including regional mapping, sampling, and data review, are underway to prioritize drill targets ahead of the company's maiden drill program scheduled for 2026.
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