Business
AbraPlata Increases 2020 Exploration Program at Diablillos Silver-Gold Project
(via TheNewswire) Toronto - TheNewswire - July 20, 2020: AbraPlat...
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"AbraPlata Increases 2020 Exploration Program at Diablillos Silver-Gold Project(via TheNewswire)\n \n \nToronto - TheNewswire - July 20, 2020: AbraPlata Resource Corp. (TSXV:ABRA) (OTC:ABBRF) (\"AbraPlata\" or the \"Company\") is pleased to announce a significant increase to its ongoing 2020 exploration program at the Company's 100% owned Diablillos silver-gold project with an additional 5,000 metres of diamond drilling planned. The expanded exploration program will increase the planned drilling for the 2019-2020 program to total approximately 8,000 metres in approximately 17 diamond drill holes. \n\n\n \nThe Company recently completed drilling the four-hole program announced on June 02, 2020, and expects initial assay results in early August, at which stage the Company will provide an update. \n\n\n \nJohn Miniotis, President and CEO of the Company, stated \"We are very pleased to announce a significant increase to our fully-funded exploration program at Diablillos. The expansion of the drill program allows us to continue to test the extension of high-grade gold mineralization beneath the current mineral resources and along strike. With assay results pending from recently drilled holes and drilling activities expected to continue for the next four months, we now eagerly anticipate steady news flow from the exploration program throughout the remainder of the year.\" \n\n\n \nPlanned 5,000 Metre Drill Program Objectives \n\n\n \nThe additional 5,000 metres (approximately 10 holes) of diamond drilling will utilize a single drill from August to approximately November 2020. The main objective of the exploration program is to further expand known resources of the lower gold dominant zone located close to the andesite/basement unconformity at Oculto, which is a high sulphidation epithermal system. The planned program will consist of:\n\n\n \n- Several holes targeting a broadly horizontal zone of higher-grade gold mineralization which occurs at or near the contact of the Tertiary volcanic rocks and the Ordovician basement assemblage. The gold mineralization along this contact zone is approximately 30 meters thick and is one of the key targets for the upcoming drill program, as are the steeply-dipping hydrothermal breccias that extend into the basement below the contact zone (see block diagram in Figure 1).\n\n\n \n- As the sulphide rela...