AbraSilver Resource Corp. announced high-grade gold and silver assay results from initial drilling at the new Oculto East target, as part of its ongoing, fully-funded Phase IV drill program on its wholly-owned Diablillos project, located in Salta province.
By Panorama Minero
This new target, previously referred to as Cerro Bayo, represents the prospective eastern extension of the Oculto deposit. Assay results from the initial two holes at Oculto East, where limited historical drilling has been conducted, confirmed the area as a promising new high-grade target, with potential to significantly extend the known mineralized footprint of the Project. Key highlights include:
Oculto East Target:
• Hole DDH 24-058, located approximately 600 metres east of the current limit of the existing Oculto deposit, intersected 24.5 m at 107 g/t Ag, starting at a downhole depth of 201.5 metres (“m”).
• This included a high-grade interval of 3.0 m at 465 g/t Ag, indicating localized zones of higher-grade silver mineralization.
• Hole DDH 24-064, located 300 m south of hole 24-058, returned 22.0 m grading 2.78 g/t Au starting from a downhole depth of 307 m, including a higher-grade section of 9.0m grading 5.35 g/t Au in oxides.
Sombra Target:
• Hole DDH 24-062, encountered 23.0 m at 55 g/t Ag starting at a shallow down-hole depth of only 40.0 m. Additional drilling will be planned to further delineate the extent and continuity of this shallow mineralized zone which is located east of the JAC Zone.
John Miniotis, President and CEO, commented, “The confirmation of high-grade mineralization at Oculto East is a positive development in our exploration strategy. The target remains open along strike and at depth, offering substantial expansion potential beyond the Oculto open pit as defined in the Pre-Feasibility Study. With ongoing drilling and a fully-funded exploration program, we’re extremely excited to continue unlocking additional value for our shareholders.”
Dave O’Connor, Chief Geologist, commented, “We are very pleased to have discovered high-grade mineralization in our initial drilling at Oculto East. These results confirm that the eastern extension of Oculto hosts significant untapped potential. We are actively planning additional drilling to further define our high-priority step-out exploration targets, which include Oculto East, Cerro Viejo and Sombra, among others.”
