Discussion of Drill Hole Results
Holes DDH 21-024, DDH 21-026 and DDH 21-027 are broad spaced step-out holes drilled on sections 200 metres apart in the area northeast of Oculto, well beyond the Whittle pit boundary defined in the 2018 PEA. The holes encountered numerous intercepts of significant gold and silver mineralization over substantial widths, indicating the presence of a robust mineralized system extending northeast of the existing Oculto silver and gold resources.
DDH 21-024 intersected gold and silver beneath the oxide mineralization where it is associated with copper sulphides, including 7.5 metres of 4.65 g/t gold, 40.6 g/t silver and 2.18% copper from 275 to 282.5 metres. This high-grade copper-gold sulphide mineralisation is associated with a feeder structure and will help in the interpretation of overlying oxide mineralisation, as well as representing part of a sulphide resource which will be systematically explored in due course.
Hole DDH 21-026 intersected 50 metres of oxide mineralisation grading 0.56 g/t gold and 53.4 g/t silver from 165 to 215 metres. This broad intercept is located at the margin of a higher grade zone which includes 53m at 2.9g/t AuEq in hole DDH 21-022 announced on
Hole DDH 21-027 intersected 31.5 metres of oxide mineralisation grading 1.31 g/t gold and 42.1 g/t silver from 209 to 240.5 metres. The hole ended in mineralization at 240.5 metres down-hole depth. This hole is on section line 8750 where the mineralized intercepts are approximately 600 metres east of the old Whittle pit margin.
These intercepts are considered to be the peripheral parts of an extensive and robust mineralised system that includes abundant gold intercepts associated with silicification and fracturing in the oxide zone, as well as deeper sulphide mineralisation associated with copper. Systematic drilling is continuing in the Oculto northeast zone aimed at uncovering new zones well outside of the known mineral resources.
About Diablillos
The 80 km2 Diablillos property is located in the Argentine Puna region - the southern extension of the Altiplano of southern
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
Technical Notes
All results in this news release are rounded. Assays are uncut and undiluted. Intervals are drilled widths, not true widths. AgEq calculations for reported drill results are based on USD
About AbraSilver
AbraSilver is a well-funded silver-gold focused advanced-stage exploration company. The Company is rapidly advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of
Contact:
Tel: +1 416-306-8334
Email: john@abrasilver.com
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. 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.
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