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AbraSilver Resource Corp. Announces Doubling of Phase II Drill Program to 20,000 Meters
Toronto - TheNewswire - October 28, 2021 - AbraSilver Resource Corp. (TSXV:ABRA) (OTC:ABBRF) ("AbraSilver" or the “Company”) is pleased to announce an expansion
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"Toronto - TheNewswire - October 28, 2021 - AbraSilver Resource Corp. (TSXV:ABRA) (OTC:ABBRF) (\"AbraSilver\" or the “Company”) is pleased to announce an expansion of the ongoing Phase II drill program, on its wholly-owned Diablillos property in Salta Province, Argentina. The expanded Phase II drill program will consist of approximately 20,000 meters of diamond drilling with two drill rigs and is designed to further expand the existing Mineral Resources. To date, the Company has completed approximately 7,400 meters of drilling (in 33 holes) as part of the Phase II program. The expanded program is targeted to be completed in the first half of 2022 and anticipated to be followed by another updated Mineral Resource estimate on the Diablillos project during the second half of 2022. The main objectives of the expanded Phase II drill program are listed below (see Figure 1): Northeast Zone: Drill step-out holes targeting high-grade gold dominant mineralization in the Northeast Zone, which is expected to expand the dimensions of the proposed open pit and form the basis for a potential underground Mineral Resource in this zone. Tesoro Zone: Carry out close-spaced drilling in the high-grade silver and gold Tesoro Zone which is expected to convert existing Indicated Mineral Resources to the Measured category. Shallow Mineralization: Continue to expand shallow Mineral Resources within the existing open pit margin which is expected to further reduce the strip ratio and associated capital cost, as well as boost the production profile in the initial years of the mine plan. John Miniotis, President and CEO, commented, “Our ongoing exploration program is continuing to provide us with outstanding results, confirming the excellent upside potential at Diablillos. This is a very exciting time for the Company, as we continue to focus on expanding the size of the Mineral Resource while advancing the project towards a construction decision.” Figure 1 – Phase II Priority Targets Discussion of Expanded Phase II Drill Program The initial Phase II drill program was planned for 10,000 meters (approximately 40-45 holes) and commenced in May 2021. To date, assay results from 29 holes have been received in which multiple high-grade intercepts have been reported (see Table 1 below)...