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Diablo Resources Limited (ASX:DBO)

ALERT: Price-sensitive ASX Announcement for DBO
Current share price for DBO : $0.017 -0.001 (-5.56%)+
Announcement
Release
24 Aug 2026 8:09AM
Price at Release
$0.018
Full Release
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Summary
Diablo Resources Limited (ASX: DBO) provided an update on their exploration activities at the Star Range and Horn Silver Projects in Utah, USA. The company completed earthworks at the Star Range Project, preparing for a diamond drill program targeting polymetallic deposits indicated by high-grade surface results and geophysical anomalies. The initial drilling at Star Range will include five diamond drill holes for approximately 1,000 meters. Meanwhile, at the Horn Silver Project, Diablo Resources has acquired an 80% interest in 101 unpatented claims and holds an exclusive option over 101 patented claims. The historic Horn Silver Mine, part of this project, previously produced 17 million ounces of silver. Preliminary reconnaissance, mapping, and sampling are underway to support the maiden drill program targeting extensions of the existing mine and other regional prospects. CEO Lyle Thorne emphasized the advancement in their district-scale critical minerals strategy, with both projects positioned for upcoming high-priority target testing.
Key Points
  • Completion of earthworks at Star Range for diamond drilling.
  • Initial drill program at Star Range to include five diamond drill holes.
  • Acquisition of 80% interest in Horn Silver Project claims.
  • Historical production of 17 Moz of silver from Horn Silver Mine.
  • Reconnaissance and mapping underway at Horn Silver Project.
  • CEO highlights strategic advancement in Utah for critical minerals.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.