AbraSilver Resource – More Drill Assays Show JAC Expanding To SouthWest, Occulto Expanding to NorthEast - Also Mapping For Porphyry Targets
John Miniotis, President and CEO of AbraSilver Resource Corp (TSX.V:ABRA – OTCQX:ABBRF), join us to reviews more drill holes that have been released from the ongoing 20,000 meter Phase 4 diamond drill campaign expanding the JAC Zone to the SouthEast, and the Occulto Zone to the NorthEast on their wholly-owned Diablillos property in Salta Province, Argentina. We also discuss the mapping and targeting for upcoming drilling of some porphyry targets at Cerro Blanco and Cerro Viejo.
We start off having John recap the recent wide-intercept silver mineralization returned from the next 3 drill holes exploring the SouthWest extension of JAC. Drill hole # DDH 24-018 was a step-out hole to the south of JAC which intersected a high-grade silver intercept of 31.5 m grading 277 g/t Ag, including 13.7 m grading 455 g/t Ag. This intercept confirms a new significant high-grademineralized structure at an angle to the main JAC zone, which is now a top-priority exploration target. The southwest extension of the main JAC trend and the structure heading towards the Alpaca zone are currently being drilled.
Next we discussed Drill hole DDH 24-011 located in the Oculto northeast zone, between 150 - 200 meters above the previously known dominant level of mineralization. The core is well mineralized to the end of the hole, and this section again demonstrates the potential to expand the currently defined open pit and with it the Mineral Resources and Reserves. Additional drilling at the NorthEast Extension of Occulto is planned in order to test the various levels of mineralization in the area for shallower mineralization and a potentially higher-grade gold zone beneath. Additionally, the nearby Cerro Bayo will be drilled, looking for more near-surface high-grade silver and gold oxide mineralization to expand and extend the front-end economics of a project development scenario.
Wrapping up, we discussed the electromagnetic survey currently being conducted to help site a series of deeper drill holes to explore for an underlying porphyry system at both the Cerro Blanco and Cerro Viejo targets. This area is located approximately 3.5 km northeast of the Oculto deposit, and drilling in this area is expected to commence by the end of September.
If you have any follow up questions for John regarding at AbraSilver, then please email us at Shad@kereport.com or Fleck@kereport.com.
- In full disclosure, Shad is a shareholder of AbraSilver at the time of this recording.
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