The latest drill results continue to demonstrate multiple high-grade silver intercepts beyond the current conceptual open pit limits.
By Panorama Minero
These assays represent the final results from the successful Phase IV exploration campaign. All Phase IV drill results, which comprised a total of 21,172 metres, will be incorporated into an updated Mineral Resource estimate, which remains on schedule for release in mid-2025.
The Company remains very well-positioned to continue delivering exploration success, with a fully-funded Phase V drill campaign, already well-underway, targeting several high-priority zones across the Diablillos project.
Results from the latest Phase IV JAC Extension Drilling include:
• Hole DDH 25-001: 56.0 metres (“m”) at 107 g/t Ag, starting at 66 m down-hole depth, including 6.0 m at 181 g/t Ag.
• Hole DDH 25-002: 65.0 m at 162 g/t Ag, from 82 m depth, including 12.0 m at 405 g/t Ag.
• Hole DDH 25-005: 63.0 m at 139 g/t Ag, from 74 m depth, including 26.0 m at 244 g/t Ag.
• Hole DDH 25-006: 88.0 m at 89 g/t Ag, from 52 m depth, including 6.0 m at 200 g/t Ag.
• Hole DDH 25-007: 19.0 m at 147 g/t Ag, from 100 m depth.
• Hole DDH 25-012: 41.5 m at 160 g/t Ag, from 56 m depth, including 7.0 m at 399 g/t Ag.
• Hole DDH 25-013: 36.0 m at 127 g/t Ag, from 125 m depth, including 3.0 m at 298 g/t Ag.
• Hole DDH 25-015: 35.0 m at 91 g/t Ag, from 81 m depth, including 2.0 m at 385 g/t Ag.
• Hole DDH 25-017: 43.0 m at 134 g/t Ag, from 100 m depth.
John Miniotis, President and CEO, commented, “We are very pleased with the final results from our highly successful Phase IV program, which continue to demonstrate significant growth potential beyond the current open pit boundaries. With all Phase IV results now received, we look forward to updating our Mineral Resource estimate, which is expected to further enhance the scale and quality of the Diablillos project.”
Dave O’Connor, Chief Geologist, commented, “The latest drill results confirm the presence of strong silver grades over broad widths at shallow depths, further reinforcing the outstanding potential of the JAC deposit. We are excited to continue building on this momentum with our Phase V drill program, which is designed to systematically test the multiple high-priority targets across the property, and build on the success of our prior campaigns.”
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. The project site has good year-round accessibility through a 150 km paved road, followed by a well-maintained gravel road, shared with other adjacent projects.
