John Miniotis, President and CEO and David O’Connor, Chief Geologist of AbraSilver Resource Corp (TSX.V:ABRA – OTC:ABBRF), join us to review more recently returned high-grade silver drill intercepts from the JAC Zone at the Diablillos Project in Argentina. This includes 3 holes into a brand new discovery and new parallel mineralized area called the JAC North Zone, that is 100 meters to the northwest of the JAC Zone. As announced today, Drill Hole# DDH 23-064 intersected a high-grade interval of 12 meters at 1,042 g/t Ag in oxides starting at a down-hole depth of only 69 meters, including a 6 meter interval grading 1,880 g/t Ag.
Dave outlines why the exploration team is so encouraged by the continued success of the expanded Phase 3 drill program, with 22,000 meters and 115 holes drilled to date at the JAC Zone, this new JAC North Zone, and other targets like Alpaca and Fantasma. There are still more holes to report from this drill program that will feed into an upcoming maiden Resource Estimate on the JAC Zone targeted for October. There is also ongoing work incorporating other metallurgical data, environmental and permitting work, and other project derisking going on into a Preliminary Feasibility Study on the overall Diablillos Project encompassing both the Oculto and JAC deposits by year end. Current testwork confirms that the same process flowsheet can be used to process mineralization from the Oculto, JAC and Fantasma deposits.
John also takes some time to outline how much company value has been added since the prior PEA in 2021, growing the size of the Occulto deposit, defining a whole new higher grade pit in the JAC Zone over the last year, and now promising drilling success from exploration targets like the JAC North Zone, Alpaca, and Fantasma areas. There will be plenty of targets to follow up on in the next Phase 4 drilling campaign, and 2 key company reports and milestones on the horizon for the medium term.
If you have any follow up questions for John or Dave regarding at AbraSilver, then please email me us at either Fleck@kereport.com or Shad@kereport.com.
- In full disclosure, Shad is a shareholder of AbraSilver
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