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AbraSilver Resource Drills 499 g/t Silver over 20 Metres, Including 1,261 g/t Silver over 7 Metres in New Southwest Zone at Diablillos
Toronto – TheNewswire - November 22, 2022 - AbraSilver Resource Corp. (TSXV:ABRA); (OTC:ABBRF) (“AbraSilver” or the “Company”) is pleased to announce new assay
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"Toronto – TheNewswire - November 22, 2022 - AbraSilver Resource Corp. (TSXV:ABRA); (OTC:ABBRF) (“AbraSilver” or the “Company”) is pleased to announce new assay results from four diamond drill holes from the ongoing 15,000 metre Phase III program on the Company’s wholly-owned Diablillos property in Salta Province, Argentina (“Diablillos” or the “Project”). Drilling is now concentrated in the recently discovered Southwest zone (JAC target) which is located several hundred metres southwest of the edge of currently defined Mineral Resources on the main Oculto deposit. Systematic grid drilling of the near-surface, high-grade silver mineralization is progressing and the Company anticipates announcing a maiden Mineral Resource estimate for this new zone in H1/2023. Key takeaways from the latest drill results include: Hole DDH 22-056 drilled in between the Oculto deposit and the JAC target intersected a broad zone of silver mineralization in oxides, with 57.5 metres grading 141 g/t Ag (and 0.27 g/t Au), starting from 110m down-hole, including 11.0 metres grading 549 g/t Agand 0.72 g/t Au. Hole DDH 22-057 drilled in the JAC target intersected multiple zones with high-grade silver mineralization in oxides, with 20.0 metres grading 499 g/t Ag, starting from 144m down-hole, including 7.0 metres grading 1,261 g/t Ag. Hole DDH 22-058 was drilled ~800m southwest of the Oculto deposit boundary towardsthe expected SW limit of the JAC target. The hole intersected 14.5 metres grading 176 g/t Ag inthe transition zone beneath the oxide mineralization. The latest assay result highlights are summarized in Table 1 below. Table 1 – Diablillos Drill Results in Southwest Zone (Intercepts greater than 2,000 gram-metres AgEq shown in bold text): Drill Hole From (m) To (m) Type Interval (m) Ag g/t Au g/t AgEq1 g/t DDH-22-055 156.0 175.0 Oxides 19.0 48.5 0.02 50.1 DDH-22-055 Includes 165.0 167.0 Oxides 2.0 200.1 0.15 212.4 DDH-22-056 110.0 167.5 Oxides 57.5 141.4 0.27 163.5 DDH-22-056 Includes 153.0 164.0 Oxides 11.0 549.2 0.72 608.2 DDH-22-057 67.0 93.0 Oxides 26.0 140.9 - 140.9 DDH-22-057 Includes 68.0 71.0 Oxides 3.0 504.9 - 504.9 DDH-22-057 103.0 138.0 Oxides 35.0 89.5 0.21 106.7 DDH-22-057 144.0 164.0 Oxides 20.0 498.6 0.10 506.8 DDH-22-057 Includes 150.0 157.0 Oxides 7.0 1,260....