(via TheNewswire)
Drilling is now aimed at determining the margins of the high-grade silver oxide mineralization at the
Key takeaways from the latest
DDH 23-030was drilled to test the southwest area of the
JAC Zone . The hole encountered28.3 metres grading 76.3 g/t Agfrom a downhole depth of 93.7 metresDDH 23-032 was drilled beyond the northwest area of JAC, towards the Alpaca target. The hole intersected multiple zones of silver mineralization in oxides, including24.5 metres at 176.7 g/t Agfrom 131.0 metres downhole.
Follow-up drilling in this area will be conducted to test for a possible new perpendicular zone of mineralization beyond the
JAC Zone , which coincides with a magnetic low.
DDH 23-033 was drilled in the far southwest area of the
JAC Zone and intersected14.0 metres grading 193.0 g/t Agfrom 125.5 metres downhole.DDH 23-036 was drilled to test the southwest area of the
JAC Zone . The hole intersected several zones of silver mineralization, including10.0 metres grading 520.0 g/t Ag,and a separate zone of4.5 metres grading 496.8 g/t Ag.DDH 23-039 was drilled to test the southeastern area of the
JAC Zone and intersected19.0 metres grading 253.4 g/t Ag,starting from a downhole depth of 105.0 metres.DDH 23-044 was drilled along the southeastern area of the
JAC Zone and intersected20.0 metres grading 112.5 g/t Ag,starting from a downhole depth of only 73.0 metres.
Dave O’Connor, Chief Geologist, commented, “Drilling to determine the extremities of the JAC mineralized system continues to intersect several zones beyond the margins of the main orebody and these areas demonstrate significant exploration upside. In particular, hole 23-032, which intersected silver oxide mineralisation between the main
The latest assay result highlights are summarized in Table 1 below.
Table 1 – Diablillos Drill Results in
(Intercepts greater than 2,000 gram-metres Ag shown in bold text):
Drill Hole | Area | From (m) | To (m) | Type | Interval (m) | Ag g/t | Au g/t | |
DDH-23-030 | Southwest | 93.7 | 122.0 | Oxides | 28.3 | 76.3 | - | |
DDH-23-030 | 135.0 | 148.0 | Oxides | 13.0 | 108.7 | - | ||
DDH-23-031 | Southeast | 148.5 | 157.0 | Oxides | 8.5 | 93.9 | 0.07 | |
DDH-23-032 | Northwest/Alpaca | 60.5 | 80.0 | Oxides | 19.5 | 63.1 | - | |
DDH-23-032 | 106.0 | 107.5 | Oxides | 1.5 | 193.2 | - | ||
DDH-23-032 | 131.0 | 155.5 | Oxides | 24.5 | 176.7 | - | ||
DDH-23-033 | Southwest | 125.5 | 139.5 | Oxides | 14.0 | 193.0 | - | |
DDH-23-034 | Southwest | 115.0 | 121.0 | Oxides | 6.0 | 77.0 | - | |
DDH-23-034 | 134.0 | 145.0 | Oxides | 11.0 | 47.5 | - | ||
DDH-23-035 | Northwest | 112.0 | 121.0 | Oxides | 9.0 | 207.4 | - | |
DDH-23-035 | 139.0 | 148.0 | Oxides | 9.0 | 78.1 | - | ||
DDH-23-036 | Southwest | 86.5 | 91.0 | Oxides | 4.5 | 30.1 | - | |
DDH-23-036 | 96.0 | 98.0 | Oxides | 2.0 | 58.6 | - | ||
DDH-23-036 | 127.0 | 132.0 | Oxides | 5.0 | 40.9 | - | ||
DDH-23-036 | 140.0 | 150.0 | Oxides | 10.0 | 520.0 | 0.04 | ||
DDH-23-036 | 155.0 | 159.5 | Oxides | 4.5 | 496.8 | 0.10 | ||
DDH-23-037 | Southwest | 84.0 | 93.0 | Oxides | 9.0 | 53.9 | - | |
DDH-23-037 | 104.0 | 118.0 | Oxides | 14.0 | 83.5 | - | ||
DDH-23-038 | Southwest | 103.0 | 116.0 | Oxides | 13.0 | 51.8 | - | |
DDH-23-038 | 133.0 | 137.0 | Oxides | 4.0 | 103.3 | - | ||
DDH-23-039 | Southeast | 105.0 | 124.0 | Oxides | 19.0 | 253.4 | - | |
DDH-23-039 | 131.0 | 135.0 | Oxides | 4.0 | 106.8 | - | ||
DDH-23-040 | Northwest | 79.0 | 101.0 | Oxides | 22.0 | 70.2 | 0.10 | |
DDH-23-041 | Southeast | 79.0 | 86.0 | Oxides | 7.0 | 47.8 | - | |
DDH-23-041 | 90.0 | 94.0 | Oxides | 4.0 | 59.6 | - | ||
DDH-23-041 | 115.0 | 119.0 | Oxides | 4.0 | 62.0 | 0.04 | ||
DDH-23-041 | 145.0 | 146.5 | Oxides | 1.5 | 105.6 | - | ||
DDH-23-042 | Northwest | 80.0 | 85.0 | Oxides | 5.0 | 39.5 | - | |
DDH-23-042 | 95.0 | 101.0 | Oxides | 6.0 | 37.7 | 0.08 | ||
DDH-23-042 | 106.0 | 109.0 | Oxides | 3.0 | 46.5 | 0.07 | ||
DDH-23-043 | Northwest | 72.0 | 77.0 | Oxides | 5.0 | 36.1 | - | |
DDH-23-043 | 84.0 | 87.0 | Oxides | 3.0 | 50.5 | - | ||
DDH-23-043 | 90.0 | 93.0 | Oxides | 3.0 | 50.1 | - | ||
DDH-23-043 | 96.0 | 101.5 | Oxides | 5.5 | 48.8 | - | ||
DDH-23-043 | 125.0 | 142.0 | Oxides | 17.0 | 61.7 | - | ||
DDH-23-044 | Southeast | 73.0 | 93.0 | Oxides | 20.0 | 112.5 | - |
Note: All results in this news release are rounded. Assays are uncut and undiluted. Widths are drilled widths, not true widths. True widths are estimated to be approximately 80% of the interval widths for oxides.
Figure 1 – Plan View of Announced Drill Holes in
Click Image To View Full Size
Figure 2 – Long Section Through Newly Announced Drill Holes in
Exploration Update
Drilling activity at Diablillos remains focused on the recently discovered JAC zone which is located southwest of the conceptual open pit that constrains the current Mineral Resource estimate (“MRE”) on the main Oculto deposit (M&I MRE containing 1.3 Moz gold and 109 Moz silver – Table 2).
To date, a total of 21,600 metres in 95 holes have been drilled as part of the Phase III drill program. All holes will be incorporated into an updated MRE and will be included in a Pre-Feasibility Study on the Diablillos project, which the Company expects to complete in the second half of 2023.
Moreover, additional exploration targets have been identified to the southwest of the Oculto MRE based on the recently completed detailed ground magnetic survey. Some of these targets, including the Fantasma and Alpaca targets, will be drilled following the completion of the current Phase III drill program.
Collar Data
Hole Number | UTM Coordinates | Elevation | Azimuth | Dip | Depth (m) | |
DDH 23-030 | E719383 | N7198609 | 4,144 | 315 | -60 | 186 |
DDH 23-031 | E719726 | N7198731 | 4,171 | 0 | -60 | 215 |
DDH 23-032 | E719211 | N7198663 | 4,132 | 0 | -60 | 203 |
DDH 23-033 | E719322 | N7198550 | 4,139 | 315 | -60 | 176 |
DDH 23-034 | E719414 | N7198585 | 4,151 | 315 | -60 | 173 |
DDH 23-035 | E719367 | N7198623 | 4,143 | 315 | -60 | 170 |
DDH 23-036 | E719451 | N7198620 | 4,148 | 315 | -60 | 203 |
DDH 23-037 | E719405 | N7198650 | 4,146 | 315 | -60 | 185 |
DDH 23-038 | E719360 | N7198578 | 4,142 | 315 | -60 | 170 |
DDH 23-039 | E719500 | N7198639 | 4,152 | 315 | -60 | 173 |
DDH 23-040 | E719450 | N7198676 | 4,148 | 315 | -60 | 179 |
DDH 23-041 | E719525 | N7198666 | 4,154 | 315 | -60 | 182 |
DDH 23-042 | E719485 | N7198700 | 4,151 | 315 | -60 | 182 |
DDH 23-043 | E719501 | N7198735 | 4,153 | 315 | -60 | 173 |
DDH 23-044 | E719550 | N7198697 | 4,157 | 315 | -60 | 173 |
About Diablillos
The 80 km2Diablillos property is located in the Argentine Puna region - the southern extension of the Altiplano of southern
The most recent Mineral Resource estimate for the Oculto Deposit is shown in Table 2:
Table 2 -Oculto Mineral Resource Estimate – As of
Category | Tonnage (000 t) | Ag (g/t) | Au (g/t) | Contained Ag (000 oz Ag) | Contained Au (000 oz Au) |
Measured | 19,336 | 98 | 0.88 | 60,634 | 544 |
Indicated | 31,978 | 47 | 0.73 | 48,737 | 752 |
Measured & Indicated | 51,314 | 66 | 0.79 | 109,370 | 1,297 |
Inferred | 2,216 | 30 | 0.51 | 2,114 | 37 |
Notes: Effective
QA/QC and Core Sampling Protocols
AbraSilver applies industry standard exploration methodologies and techniques, and all drill core samples are collected under the supervision of the Company’s geologists in accordance with industry practices. Drill core is transported from the drill platform to the logging facility where drill data is compared and verified with the core in the trays. Thereafter, it is logged, photographed, and split by diamond saw prior to being sampled. Samples are then bagged, and quality control materials are inserted at regular intervals; these include blanks and certified reference materials as well as duplicate core samples which are collected in order to measure sample representivity. Groups of samples are then placed in large bags which are sealed with numbered tags in order to maintain a chain-of-custody during the transport of the samples from the project site to the laboratory.
All samples are received by the SGS offices in Salta who then dispatch the samples to the SGS preparation facility in San Juan. From there, the prepared samples are sent to the SGS laboratory in
Qualified Persons
David O’Connor P.Geo., Chief Geologist for AbraSilver, is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, and he has reviewed and approved the scientific and technical information in this news release.
About AbraSilver
AbraSilver is an advanced-stage exploration company focused on rapidly advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of
For further information please visit the
Alternatively please contact:
info@abrasilver.com
Tel: +1 416-306-8334
Cautionary Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary statements in the Company’s disclosure documents filed with the applicable Canadian securities regulatory authorities on SEDAR at www.sedar.com. The risk factors and other factors noted in the disclosuredocuments could cause actual events or results to differ materially from those described in any forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither the
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