ABRASILVER RESOURCE CORP. Diamond drill holes DDH 23-055, DDH 23-056 and DDH 23-064 were step out holes drilled to the northwest of the JAC zone, which coincides with a northeast-to-southwest magnetic anomaly. The new holes intersected a promising new silver zone, called the 'JAC North zone'. Key takeaways include: Hole DDH 23-064 intersected a high-grade interval of 12 metres at 1,042 g/t Ag in oxides starting at a down-hole depth of only 69 metres and including a 6 metre interval grading 1,880 g/t Ag.
The three reconnaissance holes were drilled to test one of several remaining untested targets indicated by magnetic anomalies located southwest of Oculto.
The newly discovered JAC North zone is located over 900 metres beyond the limit of the conceptual open pit that defines the current Mineral Resource estimate at Oculto and approximately 100 metres northwest of the high-grade JAC zone.
The new JAC North zone has the same geological characteristics as the JAC zone, namely that silver mineralisation is concentrated in a highly fractured zone with pervasive alunite alteration and associated manganese oxides and follows a parallel structural trend.
The initial drill intercepts of this newly identified zone are very encouraging, and follow-up work is planned as part of the next exploration drill campaign.
Discussion of Drill Hole Results
Holes DDH 23-055, DDH 23-056 and DDH 23-064 were drilled northwest of the current JAC zone and identified a promising new zone, called the 'JAC North zone'. These reconnaissance holes were drilled to test the margins of JAC mineralization and additional drilling is planned to explore for other mineralised structures in the JAC area. Hole DDH 23-064 intersected a high-grade interval of 12 metres at 1,042 g/t Ag in oxides starting at a down-hole depth of only 69 metres, including 6 metres grading 1,880 g/t Ag. This hole is located over 900 metres beyond the limit of the conceptual open pit that constrains the current Mineral Resource estimate at Oculto and approximately 100 metres northwest of the high-grade JAC zone.
The JAC North zone discovery opens up considerable blue-sky potential. Previous holes in this area include DDH 23-029, announced on
Two additional follow-up holes in the JAC North zone are now being drilled to test for continuity of high-grade silver mineralization along strike. The JAC North zone will not be included in the upcoming Mineral Resource Estimate, as it is at an early stage and requires additional drilling.
Our next phase of drilling (Phase IV) will explore additional targets which will all be prioritized based on distance from the probable porphyry progenitor beneath Oculto and favourability of structural trends reflected in magnetic surveys, with special reference to any historical drill data. Current priority targets in the area west of Oculto include JAC North, Alpaca and Fantasma, with additional targets also being developed to the east and north of Oculto.
Holes DDH 23-054, DDH 23-059, DDH 23-060, DDH 23-061 and DDH 23-062 were drilled to determine the margins of the high-grade silver oxide mineralization at the
About Diablillos
The 80 km2 Diablillos property is located in the Argentine Puna region - the southern extension of the Altiplano of southern
About AbraSilver
AbraSilver is an advanced-stage exploration company focused on rapidly advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of
Contact:
Tel: +1 416-306-8334
Email: info@abrasilver.com
Cautionary Statements
This news release includes certain 'forward-looking statements' under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary statements in the Company's disclosure documents filed with the applicable Canadian securities regulatory authorities on SEDAR at www.sedar.com. The risk factors and other factors noted in the disclosure documents could cause actual events or results to differ materially from those described in any forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
(C) 2023 Electronic News Publishing, source
