John Miniotis, President and CEO and David O’Connor, Chief Geologist of AbraSilver Resource Corp (TSX.V:ABRA – OTCQX:ABBRF), join me to review the next batch of drill assays returned from the ongoing 20,000 meter Phase 4 diamond drill campaign on their wholly-owned Diablillos property in Salta Province, Argentina. The results came in from extensions at both the JAC Zone and Occulto NE, as well as a new discovery made outside of the known resources at the Sombra Target. We also touch upon the drilling underway at the copper-gold porphyry targets at Cerro Blanco and Cerro Viejo.
Oculto Northeast:
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Hole DDH 24-031 was designed to expand the existing known shallow mineralization beyond the open pit margin at Oculto Northeast. Drilling encountered high-grade silver mineralization with 15.0 m grading 496 g/t Ag and 0.28 g/t Au, starting at a downhole depth of 152 m, within which was 5.7 m grading 1,151 g/t Ag and 0.22 g/t Au.
Extension of JAC Zone:
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Hole DDH 24-033 was a step-out hole in the JAC southwest area that was drilled to extend the existing Mineral Resources beyond the current open pit boundary. Drilling intersected a broad zone of high-grade mineralization, with 50.0 m at 250 g/t Ag, starting at a downhole depth of 110 metres and included an interval of 5.0 m grading 1,036 g/t Ag
New Discovery Area (Sombra Target):
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Hole DDH 24-036 was the first reconnaissance hole targeting a brand new zone, named the Sombra target, located approximately 500 metres to the southeast of Oculto and JAC, that is believed to run parallel to the existing Mineral Resources.
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Drilling intersected mineralization near-surface, with 22.0 m at 40 g/t Ag starting at a downhole depth of only 42.5 m marking a successful initial test of this new exploration area. Additional drilling is now planned to test the extent of mineralization in this new silver zone.
John and Dave highlight the significance of each of these 3 areas of step-out or discovery drilling, and with regards to the new Sombra Target, how the chargeability data suggests that there could be a parallel trend that heads up to the northeast all the way to the Cerro Bayo Target. We also review that the first hole of 3 planned holes at Cerro Viejo and Cerro Blanco are currently underway testing for the copper-gold porphyry mineralization.
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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