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AbraSilver Resource Corp. Announces New Step-Out Exploration Program at Diablillos Silver-Gold Project
Builds on Highly Successful Phase I Drill Program Toronto - TheNewswire - April 01, 2021 - AbraSilver Resource Corp. (TSXV:ABRA) (OTCPK:ABBRF) ("AbraSilver" or
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"Builds on Highly Successful Phase I Drill Program Toronto - TheNewswire - April 01, 2021 - AbraSilver Resource Corp. (TSXV:ABRA) (OTCPK:ABBRF) (\"AbraSilver\" or the “Company”) is pleased to announce plans to continue the successful exploration program on its wholly owned Diablillos property, located in the mining-friendly Salta Province of Argentina. The Phase II drill program will consist of approximately 10,000 metres of diamond drilling designed to expand the existing mineral resources and will commence immediately following the conclusion of the Company's Phase I, 13,000-metre drilling program, which remains on-track to be completed by the middle of April 2021. The Phase II drill program will focus on the following priority targets (see Figure 1): Oculto Northeast extension: Several previous drill holes in the Oculto Northeast zone intersected substantial gold values, which are not included in the current resource. It is expected that the Whittle Pit on the main Oculto deposit could be expanded in this direction to incorporate additional high-grade resources. Laderas Zone: The Laderas Zone is located approximately 500 metres north of Oculto deposit on the Diablilllos property. Previous shallow drilling at Laderas intersected significant gold and copper intercepts over broad widths. The Northern Arc: The Northern Arc contains a cluster of prospects that lies approximately three to four kilometres north-northeast of the centre of the Oculto deposit. All have near surface, high grade gold intercepts in epithermal mineralisation similar in style to Oculto, with potential for shallow resources that could be trucked to a future treatment plant at Oculto. The Cerro Viejo area shows potential for porphyry mineralization. John Miniotis, President and CEO, commented, “Our Phase I drill program, which was aimed at expanding the existing large resource base at Oculto has already been a tremendous success, with plenty more results yet to come. As a next step, we’re very excited to focus on the potential to explore several additional silver and gold target areas by taking a much broader perspective on the Diablillos land package as a whole”. David O’Connor, Chief Geologist, commented, “Having completed sufficient drilling at Oculto which we believe will result in a considerably expanded resource for...