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AbraSilver Resource Discovers Significant New Copper-Gold-Molybdenum Porphyry System at the La Coipita Project in San Juan, Argentina
Initial Drill Hole Returned Broad Zones of Porphyry Mineralisation Including 226 Metres of 0.43% CuEq and 146 Metres of 0.30% CuEq Toronto – TheNewswire - June
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"Initial Drill Hole Returned Broad Zones of Porphyry Mineralisation Including 226 Metres of 0.43% CuEq and 146 Metres of 0.30% CuEq Toronto – TheNewswire - June 28, 2022: AbraSilver Resource Corp. (TSXV:ABRA) (OTC:ABBRF) (\"AbraSilver\" or the “Company”) is pleased to announce the discovery of a significant new copper-gold-molybdenum porphyry system at its La Coipita project (the “Project”) located in the San Juan province of Argentina. The Company has an option agreement to acquire a 100% interest in the Project which encompasses a large area, totaling approximately 70,000 hectares, within the Miocene porphyry-epithermal belt of Argentina and Chile (see Aug. 17, 2021, news release). The Company’s maiden drill campaign at La Coipita consisted of two initial deep holes to test a potential large copper-gold-molybdenum porphyry target. Based on the successful results, additional drilling is now being planned for the upcoming field season, which is expected to start in late-September 2022. Highlights include: Hole DDHC 22-002: intersected a continuous copper-gold porphyry zone of 226m grading 0.43% CuEq marking a significant new discovery on the project. Mineralisation remains open at depth, as the hole ended within a separate interval of 146m of 0.30% CuEq down to a depth of approximately 1,200m. Porphyry style mineralisation was encountered within the host rocks believed to be adjacent to the central porphyry intrusive progenitor, which has not yet been intersected. Hole DDCH 22-001 intersected high sulphidation mineralisation with multiple high-grade narrow zones of copper and gold veining. Drill results were targeted at a surface geochemistry pattern interpreted as being a reflection of an underlying porphyry system, with estimated approximate dimensions of 2.0km by 1.5km Additional drilling in this new major porphyry system is being planned for the upcoming field season, with the objective of intersecting the central porphyry intrusive progenitor. John Miniotis, President and CEO, commented, “We are delighted to have intersected a long interval of consistent, copper-gold porphyry mineralization at La Coipita, as part of the first-ever deep exploration drill campaign conducted on the Project. Our results demonstrate the presence of a large copper-gold system and ...