John Miniotis, President and CEO of AbraSilver Resource Corp (TSX.V:ABRA – OTC:ABBRF), joins us to review more recently returned high-grade silver drill intercepts from the JAC Target at the Diablillos Project in Argentina.
On May 4th more exploration news was released where drill hole# DDH 23-021, located in the southeastern part of the drill target area, encountered high-grade silver mineralization in oxides, intersecting 32.0 meters grading 530.8 g/t Ag. Also of note, drill hole# DDH 23-017 tested the southwest extension of the JAC zone and intersected several zones of silver mineralization in oxides, with 12.0 meters grading 876.1 g/t Ag from a downhole depth of 92.0 meters downhole, including 2.0 meters grading 4,968.4 g/t Ag and 0.14 g/t Au. These high-grade intervals further demonstrate that there are zones within the JAC system that will raise the overall grade of the mineral resource.
John outlines why the exploration team is so encouraged by the continued success of the Phase 3 drill program, with 20,000 meters and 85 holes drilled to date, but only 46 holes have been released to the market thus far. There are plans for another 2,000 meters for Phase 3 to be drilled in May taking the total up to around 22,000 meters, and then all results feeding into a maiden Resource Estimate on this JAC target area in September. This will be followed by work incorporating other metallurgical data, environmental and permitting work, and other project derisking going on into a Preliminary Feasibility Study by year end.
We also discussed the long 1,200 meter hole the company finished drilling at their second project, La Coipita, near San Juan Argentina, which is testing for a potential high-grade copper-gold porphyry system. The drill assay will be released on this hold in the next month, along with a stead stream of drill results from the JAC Target from the ongoing Phase 3 drill program.
If you have any follow up questions for John regarding at AbraSilver, then please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of AbraSilver
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