AbraSilver – More High-Grade Oxide Drill Results At JAC Zone, Returning 2,320 g/t Silver Over 4 Meters and 233 g/t Silver Over 45.5 Meters
John Miniotis, President and CEO of AbraSilver Resource Corp (TSX.V:ABRA – OTC:ABBRF), joins us to outline continued high-grade silver drill hits over wide intercepts from the JAC Target at the Diablillos Project in Argentina.
Yesterday, on March 29th exploration news was released where drill hole# DDH 23-010intersected numerous zones of silver mineralization in oxides, including 45.5 metres at 233 g/t Ag and drill hole# DDH 23-007 returned very high-grade silver mineralization in oxides, with 2,320 g/t Ag over 4.0 meters. This high-grade interval demonstrates 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 Phase 3 program drill success at this JAC Zone, with 16,000 meters and 74 holes drilled to date, but only 38 holes have been released to the market thus far. There are plans for another 6,000 meters for Phase 3 taking the total up to around 22,000 meters by mid-year, and then all results going into a maiden resource on this JAC target area in September, followed by incorporating other metallurgical work, environmental and permitting work, and other derisking work going on into a Preliminary Feasibility Study by year end.
We also discussed the potential in Phase 4 to drill at depth testing some of the copper targets under the JAC and Occulto deposits, as well as the long hole drilling underway at a second project, La Coipita, testing for a potential high-grade porphyry system.
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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Click here to visit the AbraSilver website and read over the most recent news releases.
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Sure Jon, good question, and I’m sure we’ll be talking to John from AbraSilver again in the near future as they are putting out drill results every few weeks, and then we can ask about the water needs and availability for the project. Thanks for the feedback and for listening to the show!
Abra up nicely today as with many silver jrs. Defiance Silver my best mover. Trump’s indictment might exacerbate flight to safety. Take heart, God shall not be mocked
Yep, a nice 7% bump higher in AbraSilver today was nice to see.
My biggest gainers in the Silver space today were IPT Impact up 20% and GATO Gatos Silver up 19%. There were lots of other up solidly green on the day though.
Actually, Outcrop Silver my best mover, up 27%
Fathom Nickel up +37% today. Currently my best performer.
Thank you for the great updates on Abra!
For the next interview, Can you please adress their water availability limitation 220m3/h which will restrict the process plant to 9000tons/day?
Are these 220m3/h available all year around?
What could be done to increase the water availability?