John Miniotis, President and CEO and David O’Connor, Chief Geologist of AbraSilver Resource Corp (TSX.V:ABRA – OTC:ABBRF), join me to review the exploration strategy and a number of key targets for the recently commenced 20,000 meter Phase 4 diamond drill campaign on its wholly-owned Diablillos property in Salta Province, Argentina.
The Phase 4 drill program will prioritize target areas with known mineralization, like JAC North, Fantasma, Alpaca, Cerro Bayo, and Laderas; as well as exploring newly identified prospective exploration targets within the broader Diablillos land package. John reviews how the drilling done to expand the known targets will feed data into future resource updates and that the exploration team is 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. Then on the more discovery step-out drilling, the exploration team is going to be going after sulphide targets focused on gold and copper.
Dave reviews that approximately 25% of the drill program will be focused on these new regional step-out exploration targets that remain largely untested to date. These targets include the substantial alteration zone and associated anomalous gold in historical shallow holes drilled at Cerro Viejo Porphyry Complex (Cerro Blanco / Cerro Viejo), located approximately 3.5 km northeast of Oculto. Following an electromagnetic survey the Company plans to drill select deeper holes to explore for an underlying porphyry system.
Then there is also the newly defined Jasperoid magnetic target identified in the geophysical survey conducted in late 2023. The zone follows the trend of a major north-south regional fault and a nearby historical drill hole intersected anomalous gold in vuggy silica. The geology of this zone makes it is a high priority target for epithermal gold-silver mineralization. Drilling activities have now commenced with one drill rig and two additional drill rigs are expected to arrive at the Project within the next few weeks, for a 3 drill rig program.
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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