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AbraSilver Resource Drills Further Near-Surface High Grade Silver in New Southwest Zone Including 42.5 Metres at 408 g/t AgEq (5.8 g/t AuEq)
New Southwest Zone is Located Hundreds of Metres Beyond Current Mineral Resources and Remains Open in All Directions Toronto – TheNewswire - October 12, 2022 -
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"New Southwest Zone is Located Hundreds of Metres Beyond Current Mineral Resources and Remains Open in All Directions Toronto – TheNewswire - October 12, 2022 - AbraSilver Resource Corp. (TSXV:ABRA); (OTC:ABBRF) (“AbraSilver” or the “Company”) is very pleased to announce new assay results from two holes drilled at the Company’s newest near-surface, high-grade silver zone (the “Southwest zone”). The highly prospective Southwest zone is located over 500 metres to the southwest of the Oculto Mineral Resource, on the Company's wholly-owned Diablillos property in Salta Province, Argentina (“Diablillos” or the “Project”). Both of the latest holes returned excellent silver grades, in oxides near-surface. Key takeaways include: Hole DDH 22-046 returned 42.5 metres grading 408 g/t AgEq in oxides (5.8 g/t AuEq – comprised of 401 g/t Ag and 0.11 g/t Au) starting at a down-hole depth of only 123 metres. Hole DDH 22-044 intersected 58 metres at 223 g/t AgEq in oxides (3.2 g/t AuEq – comprised of 209 g/t Ag and 0.20 g/t Au) starting at a down-hole depth of only 121 metres Immediately beneath this high-grade oxide zone the hole encountered an additional 588 g/t AgEq (8.4 g/t AuEq – comprised of 542g/tAg and 0.35g/tAu) over 12.5 metres in sulphides. The latest assay result highlights are summarized in Table 1 below. Table 1 – Diablillos Drill Results (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 Cu % AgEq1 g/t AuEq1 g/t DDH-22-044 121 179 Oxides 58.0 208.8 0.20 - 222.8 3.18 DDH-22-044 Includes 167.5 172 Oxides 4.5 817.0 0.52 - 853.4 12.19 DDH-22-044 179 191.5 Sulphides 12.5 541.8 0.35 0.3 587.7 8.40 DDH-22-046 66 90 Oxides 24 64.0 0.01 - 64.4 0.92 DDH-22-046 92 112 Oxides 20 160.9 0.04 - 163.7 2.34 DDH-22-046 123 165.5 Oxides 42.5 400.5 0.11 - 408.2 5.83 Note: All results in this news release are rounded. Assays are uncut and undiluted. Widths are drilled widths, not true widths. True widths are estimated to be approximately 80% of the interval widths. 1AgEq & AuEq calculations for reported drill results are based on USD $1,750/oz, $25.00/oz Ag & $3.00/lb Cu. The calculations assume 100% metallurgical recovery and are indicative of gross in-situ metal val...