Option Exercised - Horn Silver Project Exploration underway

Key points

• Option exercised over 101 patented claims in Utah
• Consolidates ownership across 13.2km2
• High-grade silver, gold, and copper results from recent sampling
• Exploration to commence immediately

Full summary

Diablo Resources Limited has exercised an option over 101 patented claims forming the core of the Horn Silver Project in Beaver County, Utah. This action consolidates ownership across 13.2 km2, supporting a coordinated approach to exploration, permitting, and future drilling. The patented claims include the historic Horn Silver Mine, which produced approximately 17 million ounces of silver and 30,000 ounces of gold. Recent sampling from unpatented claims returned high-grade silver, gold, and copper results, highlighting multiple exploration targets. Exploration activities will now advance across priority targets, including Horn Silver Mine Extensions, Gossan Target, Buckhorn, and Imperial, with a maiden drilling program planned for 2026.

Outlook

Diablo Resources is optimistic about the potential of the Horn Silver Project, with CEO Lyle Thorne highlighting the project's polymetallic footprint and exploration potential. The company plans to systematically rank and test the highest priority targets.