Drilling results expands High-Grade Gold & Silver Mineralization East of Oculto.
By Panorama Minero
AbraSilver Resource Corp. reported its best-ever gold intercept, on a grade-thickness basis, from ongoing drilling at its wholly-owned Diablillos project.
The standout intercepts come from step-out hole, DDH 25-024, which encountered exceptional gold and silver mineralization just beyond the previously defined eastern margin of the conceptual Oculto open pit. These results underscore the strong potential for continued growth of high-grade mineralization east of Oculto. This area is now a further high-priority exploration target as part of the ongoing Phase V drill program.
Highlights include:
• 31.0 m grading 10.0 g/t gold and 16 g/t silver, including:
• 6.0 m at 41.9 g/t gold and 22 g/t silver
• Additionally, the same hole returned a separate interval of 13.0 m grading 307 g/t silver from 216 m depth and within the conceptual open pit, including:
• 8.0 m at 446 g/t silver in the upper silver-enriched zone
John Miniotis, President and CEO, commented: “The spectacular intercepts from hole DDH 25-024 clearly demonstrate the strong potential to expand high-grade mineralization well beyond the existing Oculto deposit. With three drill rigs now active across the broader Diablillos land package, we are entering another exciting new phase of exploration growth while in parallel with our ongoing Definitive Feasibility Study.”
Dave O’Connor, Chief Geologist, commented, “This extremely impressive hole confirms that the deeper gold zone extends beyond the known mineralized boundary at Oculto and that the upper silver zone may extend farther than previously defined. Our team will immediately commence a systematic drilling program in the area to follow-up on this robust initial result and better define the extent of this newly identified high-grade extension.”
The Diablillos property is located within the Puna region, in the southern part of Salta Province along the border with Catamarca Province, approximately 160 km southwest of the city of Salta and 375 km northwest of the city of Catamarca. The property comprises 15 contiguous and overlapping mineral concessions acquired by AbraSilver in 2016. Diablillos has mineral Proven and Probable Reserves of 123.48 Moz of silver and 1.107 Moz of gold.
