Diablo Resources Consolidates Utah Silver with Horn Horn Pickup

Diablo Resources (ASX:DBO) has closed the acquisition of the Horn Silver project in Utah, a high‑grade historical producer located just 15 kilometres from the company’s existing Star Range project. CEO Lyle Thorne described the deal as a “logical bolt‑on” in a recent interview, citing the experienced Utah‑based team and the project’s fit with Diablo’s regional polymetallurgical strategy.

The acquisition gives Diablo control of a contiguous land package in a well‑known silver district with past production. Thorne noted that the company already knows the area and that the team’s familiarity reduces execution risk. The move consolidates Diablo’s position in Utah’s West Desert mineral belt, where both Star Range and Horn Silver sit.

The Horn Silver–Star Range Land Package

The timing aligns with a sustained rally in the precious metal price. Silver has traded at elevated levels over the past year, driven by industrial demand from solar manufacturing and a weaker US dollar. For a junior explorer like Diablo, owning two projects in the same district creates optionality: the company can share infrastructure, drilling programs, and permitting pathways.

The Horn Silver project is not a greenfield target. It has historical production and existing underground workings, which can accelerate the path to a resource estimate. Thorne emphasised the polymetallurgical nature of the district, meaning the project may yield silver along with base metals such as lead and zinc. That diversification can improve project economics and attract offtake partners.