Diablo can now complete the Horn Silver deal in Utah
Diablo Resources shareholders approved the company’s acquisition of an 80% interest in the Horn Silver Project in Utah at a General Meeting on 29 June 2026. That vote clears the way for Diablo to complete the transaction under its binding agreement.
Under the deal, Diablo will acquire an 80% interest in Antler Resources LLC. Antler holds an exclusive option over 101 patented claims and directly owns 100 unpatented claims that make up the Horn Silver Project.
Across 201 claims, the project covers about 13.2km². Those 101 patented claims give Diablo more permitting flexibility and support faster exploration work in Utah.
At the centre of the ground is the historic Horn Silver Mine in Utah’s San Francisco Mining District. Around that mine, the district has seen about 150 years of exploration and mining activity.
Historical production from Horn Silver totals 17 million ounces of silver and 30,000 ounces of gold. Diablo has called the asset transformational because it combines a past-producing mine with a district-scale mineralised system.
Chief executive Lyle Thorne described the approval as a key step that lets Diablo complete the deal and start exploration at once. He also pointed to drill-ready targets and a broader project area that has never been systematically explored.
Horn Silver drill targets
Initial work has already started at Horn Silver, including regional mapping, sampling and a review of existing data. That programme will rank drill targets ahead of Diablo’s maiden drill programme.
Multiple high-impact targets have been identified across the broader project area. They include untested extensions beneath the historic mine and along strike from the old workings.
Meanwhile, induced polarisation, or IP, anomalies have been outlined near the mine and across the wider district. District-scale polymetallic geochemical anomalies also support the view that Horn Silver hosts a large mineralised system.
Beyond silver and gold, Horn Silver includes underexplored antimony and copper targets. Thorne argued those areas add a strong pipeline of near-term drilling opportunities.
According to Diablo, extensive existing data supports its first round of target selection. Since the project also includes patented ground, the company can refine priorities while it advances permitting and drill planning in Utah.
After the 29 June 2026 approval, Diablo’s next step is to complete the acquisition of Antler Resources LLC. It then plans to test extensions around Horn Silver Mine and targets elsewhere across the 201-claim project.
