AbraSilver Resource Corp. announced assay results from the ongoing, fully-funded 20,000 metre (“m”) Phase IV drill program, on its wholly-owned Diablillos project, located in Salta province. Step-out drilling at the JAC Zone continues to deliver high-grade silver intercepts, further expanding the mineralized footprint of the deposit. Key highlights from the latest assay results include:
JAC Zone:
• Hole DDH 24-044, a step-out hole drilled in the JAC southwest area, encountered a broad zone of silver mineralization with 37.0 m at 152 g/t Ag, starting at 92 m downhole depth.
• Hole DDH 24-045 intersected numerous silver zones, including 12.0 m at 107 g/t Ag from only 54 m down-hole, followed by multiple mineralized intervals including 11.1 m at 102 g/t Ag.
Oculto:
• Hole DDH 24-040, a step-out hole drilled to the north of Oculto, encountered gold and silver mineralization, including 9.0 m at 52 g/t Ag and 2.10 g/t Au starting from a down-hole depth of 162.5 m.
• Hole DDH 24-043, an infill hole drilled in the south of Oculto, intersected numerous gold and silver zones, including 11.0 m at 109 g/t Ag and 0.50 g/t Au from 192 m down-hole, followed by a high-grade interval of 3.0 m at 596 g/t Ag in sulphides.
John Miniotis, President and CEO, commented, “Our latest step-out drilling results continue to demonstrate the remarkable growth potential of the JAC Zone, with near-surface silver intercepts continuing to successfully expand the mineralized footprint. The consistency of high-grade silver mineralization at JAC, combined with encouraging gold and silver intercepts at Oculto Northeast, further reinforces our confidence in Diablillos being a world-class silver-gold asset with robust economics and substantial upside potential.”
Dave O’Connor, Chief Geologist, commented, “Our ongoing exploration efforts continue to validate the exceptional potential of the Diablillos project. The JAC zone continues to remain open in multiple directions, and the encouraging gold-silver intercepts at Oculto Northeast suggest additional opportunities for Mineral Resource estimate growth potential.”
Phase IV Exploration Program Update
The ongoing Phase IV drill program is focused on expanding the existing Mineral Resource estimate at a number of target areas with known mineralization as well as exploring newly identified prospective exploration targets within the broader Diablillos land package. The Company continues to have three drill rigs operating and, to date, has completed approximately 15,940 m of drilling in 80 holes. Several assay results are awaited and will be released on an ongoing basis pending review and meeting Company quality assurance-quality control protocols.
