AbraSilver Resource Corp., in partnership with Teck Resources Limited, has announced the commencement of drilling activities at the La Coipita copper-gold porphyry, located in San Juan. This project is situated in a region renowned for hosting world-class deposits such as Josemaría, Altar, Filo del Sol, and Los Azules.
By Panorama Minero
The initial drilling program will involve two rigs on-site, targeting a total of four holes and an estimated 2,600 meters in total depth. Fully funded by a Teck subsidiary, the program aims to test high chargeability and conductivity zones in the lower elevation area, in the eastern section of previous drilling.
John Miniotis, President and CEO of AbraSilver Resource Corp., expressed excitement about the commencement of the drilling program: "We are thrilled to see the start of Teck's initial drilling program at La Coipita, aiming to unlock the potential of this promising copper porphyry project. Our extensive land package hosts multiple high-priority exploration targets, and we are optimistic about the positive results that may stem from this exploration phase."
La Coipita is located in San Juan province, a geological setting similar to world-class deposits in the same belt, such as the Filo del Sol and Los Azules projects. The initial drilling program will target high chargeability and conductivity zones beneath sericitic alteration at the surface and will be overseen by Teck and AbraSilver.
AbraSilver is an advanced-stage exploration company focused on advancing its 100% owned Diablillos silver-gold project in Salta province. Additionally, the company has entered into an earn-in and joint venture agreement with Teck on the La Coipita project, whereby Teck can fund up to US$20 million in exploration expenditures and make certain other payments to earn up to an 80% interest.
