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AbraSilver Resource Intersects 31.5 Metres Grading 277 g/t Silver in Step Out Drilling at JAC Deposit on Diablillos Silver-Gold Project
Toronto – August 19, 2024 – TheNewswire: AbraSilver Resource Corp. (TSX.V: ABRA; OTCQX: ABBRF) (“AbraSilver” or the “Company”) is pleased to announce assay resu
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"Toronto – August 19, 2024 – TheNewswire: AbraSilver Resource Corp. (TSX.V: ABRA; OTCQX: ABBRF) (“AbraSilver” or the “Company”) is pleased to announce assay results from the Company’s fully-funded 20,000 metre (“m”) Phase IV drill program, on its wholly-owned Diablillos project in Argentina (the “Project”). Key takeaways from the latest drill results include: Holes DDH 24-014, DDH 24-016 and DDH 24-018 were drilled to test the southern western extensions of the JAC deposit. All three holes encountered significant silver mineralization over broad intercepts outside the conceptual open pit boundary at JAC. DDH 24-018 was a step-out hole to the south of JAC which intersected a high-grade silver intercept of 31.5 m grading 277 g/t Ag, including 13.7 m grading 455 g/t Ag. This intercept confirms a new significant high-grademineralized structure at an angle to the main JAC zone, which is now a top-priority exploration target. DDH 24-016 was drilledwest of JAC towards the Alpaca target and encountered 53.5 m grading 110 g/t Ag including 5.0 m grading 339.2 g/t Ag. This result demonstrates that JAC remains open to the west towards the Alpaca target. DDH 24-014 was also drilled west of JAC towards Alpaca with 48.8 m grading 70 g/t Ag. Hole DDH 24-011 was a step-out in the Oculto Northeast area which intersected several zones of mineralization, with 21.0 m at 131.3 g/t Ag 0.36 g/t Au including 2 m at 326.6 g/t Ag 1.07 g/t Au. This intercept is situated above the known zone of mineralization in the northeast and is expected to convert material currently classified as waste into Mineral Resources and Reserves. The latest assay result highlights are summarized in Table 1 below. Table 1 – Summary of Diablillos Drill Results Intercepts greater than 2,000 gram-metres Ag shown in bold text: Drill Hole Area From (m) To (m) Type Interval (m) Ag g/t Au g/t DDH-24-009 JAC/Oculto 92.0 96.0 Oxides 4.0 30.2 - DDH-24-011 Oculto NE 114.0 135.0 Oxides 21.0 131.3 0.36 DDH-24-011 Including 130.0 132.0 Oxides 2.0 326.6 1.12 DDH-24-011 138.0 155.5 Oxides 17.5 31.4 0.57 DDH-24-011 160.5 172.0 Oxides 11.5 40.5 0.83 DDH-24-011 186.0 189.0 Oxides 3.0 60.2 0.34 DDH-24-014 Alpaca/JAC 75.2 124.0 Oxides 48.8 69.8 - DDH-24-015 Oculto 178.0 184.0 Oxides 6.0 19.9 0.32 DDH-24-01...