Business
AbraSilver Resource Discovers New Silver Mineralization Beyond JAC Zone, Intersecting 1,042 g/t Silver Over 12 Metres
Discovery Located +900m Beyond Limit of Current Mineral Resource Estimate & ~100m Northwest of JAC Toronto, ON - TheNewswire - August 09, 2023 - AbraSilver Reso
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"Discovery Located +900m Beyond Limit of Current Mineral Resource Estimate & ~100m Northwest of JAC Toronto, ON - TheNewswire - August 09, 2023 - AbraSilver Resource Corp. (TSX.V:ABRA) (OTC:ABBRF) (“AbraSilver” or the “Company”) is pleased to announce the latest assay results from the Phase III diamond drilling program on the Company’s wholly-owned Diablillos property in Salta Province, Argentina (“Diablillos” or the “Project”). Diamond drill holes DDH 23-055, DDH 23-056 and DDH 23-064 were step out holes drilled to the northwest of the JAC zone, which coincides with a northeast-to-southwest magnetic anomaly. The new holes intersected a promising new silver zone, called the ‘JAC North zone’. Key takeaways include: Hole DDH 23-064 intersected a high-grade interval of 12 metres at 1,042 g/t Ag in oxides starting at a down-hole depth of only 69 metres and including a 6 metre interval grading 1,880 g/t Ag. The three reconnaissance holes were drilled to test one of several remaining untested targets indicated by magnetic anomalies located southwest of Oculto. The newly discovered JAC North zone is located over 900 metres beyond the limit of the conceptual open pit that defines the current Mineral Resource estimate at Oculto and approximately 100 metres northwest of the high-grade JAC zone. The new JAC North zone has the same geological characteristics as the JAC zone, namely that silver mineralisation is concentrated in a highly fractured zone with pervasive alunite alteration and associated manganese oxides and follows a parallel structural trend. The initial drill intercepts of this newly identified zone are very encouraging, and follow-up work is planned as part of the next exploration drill campaign. John Miniotis, President and CEO, commented, “Today’s announcement continues to highlight the significant exploration upside potential at our Diablillos project. In particular, we are very excited with the high-grade results encountered in hole DDH 23-064, which demonstrates the continuity of high-grade silver mineralization well beyond the current JAC zone boundary. We fully expect the upcoming 2023 Mineral Resource estimate and Pre-Feasibility Study to confirm that Diablillos is a highly-attractive, long-life, silver-gold project, which continues to display significant exploratio...