AbraSilver Resource – Next Batch Of Gold Assays Returned From Phase 5 Drilling At Oculto East, Expanding Mineralization At The Diablillos Project
John Miniotis, President and CEO of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), joins us to review the next batch of gold and silver drill assays announced October 28th, from the ongoing Phase V exploration program; which has been mostly focused on the Oculto East and JAC zones at their wholly-owned Diablillos property in Salta Province, Argentina.
We review how these results continue to expand oxide-hosted gold mineralization to the east of the Oculto deposit, extending the high-grade gold zone and highlighting the continued strong exploration upside potential across the Diablillos system.
At Oculto East, numerous broad zones of gold and silver mineralization were intercepted, including:
- DDH 25-073: 10.0 metres ("m") grading 59 g/t silver (from 117 m downhole) & 20.0 m grading 0.66 g/t gold (223 m downhole)
- DDH 25-074: 31.0 m grading 0.59 g/t gold (from 255 m)
- DDH 25-075A: 73.0 m grading 0.55 g/t gold (from 277 m), including 13.5 m at 0.83 g/t gold & 16.5 m grading 0.75 g/t gold
- DDH 25-076: 12 m grading 62 g/t silver (from 128 m downhole) & a very broad, well-mineralized intercept of 180.0 m grading 0.65 g/t gold (from 170 m), including 15.0 m at 1.36 g/t gold
- DDH 25-077: A high-grade interval of 13.81 g/t gold over 8.5 m from 317 m, and a separate interval of 44.0 m at 0.65 g/t gold from 368 m
The exploration team now believes these higher-grade gold intercepts are just the top of a porphyry deposit at depth, and John highlights that some deeper holes will be testing this in the future, as well as the deeper hole targeting a different porphyry target at Cerro Viejo. Additionally, we circle back to the Sombra target identified in the Phase IV drill program last year, and how it is possible that there is a parallel trend that could extend from Sombra up to Oculto East, and that more drilling will focus on that thesis in the future.
John takes us through the busy year the company has in front of them due to a series of upcoming catalysts all the way though the end of 2026. There are still thousands of meters of ongoing drilling, testing new areas and stepping out from known mineralization. The Company is doing all the derisking work all building towards their ongoing Definitive Feasibility Study due out in early 2026, which in tandem with permits expected to be received, will be the triggers for a construction decision next year.
Wrapping up John reiterates why the limited RIGI laws are so economically advantageous to the Company, relaxing currency controls, reducing export duties to 0% over a couple years, and reducing taxation over a 30 year period. We also review the positive business and permitting tailwinds in place in Argentina as a jurisdiction for mining, which were just strengthened in recent elections last week.
If you have any follow up questions for John regarding at AbraSilver, then please email them into us at Fleck@kereport.com at Shad@kereport.com .
In full disclosure, Shad is a shareholder of AbraSilver Resource Corp at the time of this recording and may choose to buy or sell more shares at any time.
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