AbraSilver – Another Batch Of High-Grade Silver Intercepts From Phase 4 Drilling, Extending JAC Mineralization at Diablillos; Including 63.5 Metres Grading 190 g/t Ag
John Miniotis, President and CEO and David O’Connor, Chief Geologist of AbraSilver Resource Corp (TSX.V:ABRA – OTCQX:ABBRF), join me to review the next batch of drill assays returned from step-out drilling at the JAC Extension and Oculto Northeast zones, at their wholly-owned Diablillos property in Salta Province, Argentina.
These 11 holes that had assays released on April 2nd are part of the recently completed Phase IV exploration program comprised a total of 21,172 meters drilled across 106 holes, and they returned multiple high-grade silver intercepts beyond the current conceptual open pit margins. two of the holes highlighted were Hole DDH 24-084 which intersected 63.5 meters (m) at 190 g/t Ag, from 80 m depth, including 9.0 m at 341 g/t Ag , and then Hole DDH 24-088 which intersected 70.0 m at 147 g/t Ag, from 61 m depth, including 9.0 m at 331 g/t Ag. The Company is currently awaiting assay results from the final holes from this program, which are expected to be received over the next several weeks.
John points out that these results are expected to contribute to a meaningful increase in the upcoming Mineral Resource estimate, scheduled for release in mid-2025, which will form the basis for the Definitive Feasibility Study that is currently underway.
Dave outlines these holes demonstrate the continuity and consistency of the near-surface silver mineralization at the south and southwest border of the JAC open pit, and even stepping outside of the known area, which is continuing to expand the mineralization and will be incorporated into the updated mineral resource. He also highlights some of the addition growth areas at the Oculto Northeast extension and new Oculto East target, (previously referred to as Cerro Bayo), and how the intercepts are starting to encounter more gold along with the silver in this area.
We also get an update on the financial health of the company with the recent $58.5 million capital raise which will fund future work programs including the Phase 5 drill program, a resource update, permitting initiatives, and an upcoming Definitive Feasibility Study (DFS) next year taking things to a construction decision in 2026.
If you have any follow up questions for John or Dave regarding at AbraSilver, then please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of AbraSilver at the time of this recording.
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