Ellis Martin Report: Diablo Resources (DBO.AX) Historic Utah Silver Mine, Tungsten Exploration and 2027 Drilling Plans
Malibu, CA, Nov 4, 2026 AEST (ABN Newswire) - The Ellis Martin Report and Money Talk Radio feature an exclusive conversation with Lyle Thorne, Chief Executive Officer, and Paul Lloyd, Non-Executive Chairman of Diablo Resources Limited (
ASX:DBO) (DBORF:OTCMKTS), discussing the company's historic Horn Silver Project in southwestern Utah, its emerging critical minerals opportunities, and plans to advance exploration through a targeted drilling campaign in early 2027.
The Horn Silver Mine, which reportedly produced approximately 17 million ounces of silver historically, is the centerpiece of Diablo's exploration strategy. The company is revisiting the property using modern geological interpretation, surface sampling, extensive historical mining records, and digital modeling techniques to identify prospective mineralization that may have been overlooked or remained unmined during previous operations.
During the interview, Lyle Thorne discusses recent exploration activities across the broader Horn project area, including copper-bearing outcrops with reported rock sample grades reaching 12.5% copper. He also highlights renewed investigation of historical tungsten occurrences, including the Cuprik prospect, where archival records dating to the 1940s are providing direction for additional mapping, sampling, and geological evaluation. These prospects contribute to Diablo's expanding polymetallic exploration opportunities involving silver, copper, gold, and tungsten.
Paul Lloyd explains the strategic rationale behind acquiring a historically productive mining property in the western United States. Drawing on nearly four decades of international resource-sector experience, Lloyd discusses the potential advantages of established mining districts, the availability of historical geological information, and the opportunity to apply contemporary exploration methods to previously developed mineral systems.
The conversation also addresses the growing strategic importance of tungsten and other critical minerals to the United States. Lloyd discusses the possibility of seeking government assistance as Diablo develops additional technical information through drilling, metallurgical studies, and exploration work. Any such assistance remains prospective and would depend on further project advancement and applicable government programs.
Looking ahead, Diablo is prioritizing the Horn Silver Mine for its planned early-2027 drilling campaign while continuing to evaluate additional targets across the project area. The company's objective is to improve its geological understanding, investigate prospective mineralized zones, and work toward defining an initial mineral resource.
The complete interview with Lyle Thorne and Paul Lloyd is available through The Ellis Martin Report and Money Talk Radio.
View the interview:
https://www.youtube.com/watch?v=aBGnnrmfV8k
About Diablo Resources Limited
Diablo Resources Limited (ASX:DBO) (OTCMKTS:DBORF) is an Australian-listed mineral exploration company focused on precious metals and critical minerals projects in the United States. Its Horn Silver Project in southwestern Utah includes a historically productive silver mine and surrounding exploration prospects with potential for silver, copper, gold, and tungsten mineralization. The company is advancing geological evaluation, historical data compilation, surface exploration, and preparations for future drilling.
About The Ellis Martin Report
The Ellis Martin Report is a financial news and interview program featuring conversations with executives, entrepreneurs and industry leaders across the natural resources, technology, healthcare and investment sectors. Hosted by Ellis Martin, the program is distributed through radio, digital media and financial news platforms, including Money Talk Radio.
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