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AbraSilver Resource Corp. Commences Maiden Drilling Campaign at the La Coipita Copper-Gold Project in San Juan, Argentina
Toronto – TheNewswire - January 24, 2022 - AbraSilver Resource Corp. (TSXV:ABRA); (OTC:ABBRF) ("AbraSilver" or the “Company”) is pleased to announce the commenc
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"Toronto – TheNewswire - January 24, 2022 - AbraSilver Resource Corp. (TSXV:ABRA); (OTC:ABBRF) (\"AbraSilver\" or the “Company”) is pleased to announce the commencement of its maiden drill campaign at the La Coipita project (“La Coipita” or the “Project”) located in the San Juan province of Argentina adjacent to the Chilean border. The Company has an option agreement to acquire a 100% interest in the Project which encompasses a large area, totaling approximately 70,000 hectares, in the western portion of the Calingasta Department (see Aug. 17, 2021, news release). The initial drilling program is expected to consist of approximately 3,000 meters of HQ diamond core drilling in six, 500-meter-deep holes. A follow-up drill program will be considered following receipt of the initial results. David O’Connor, Chief Geologist of AbraSilver, commented, “We are extremely pleased that our maiden drill campaign has commenced at La Coipita. The Project has significant potential with multiple strong drill targets seen at surface. The target areas identified have coincident geological, geochemical and geophysical features that are consistent with the presence of a copper-gold mineralised porphyry intrusive and associated high sulphidation gold-silver mineralization.” La Coipita Exploration Targets The Project is located in the San Juan Province in a geological setting similar to world-class deposits in the same belt, including the Filo del Sol and Los Azules projects, where porphyry style mineralisation is found immediately beneath epithermal mineralization. While the initial holes are currently being planned to a depth of approximately 500 meters, the Company will evaluate drilling progress to see if deepening any holes is warranted to test for deeper underlying porphyry mineralisation. The initial drill program will test several high-priority targets including the Yareta high sulphidation target area where previous drilling obtained a number of high-grade copper and gold intercepts. Reconnaissance exploration work completed by AbraSilver has shown that mineralisation in this area is expected to be more widespread than the zone previously drilled in 1997. The locations of the initial six drill holes are shown in Figure 1 below. Interestingly, excavation of the drill platform for Hole DDH-22-001 expos...