With drilling ongoing at site, and the updated resource estimate and PEA study on track to be released in the third quarter, we expect the second half of 2021 will be an incredibly exciting period for the Company's shareholders.'
Discussion of Drill Hole Results
Holes DDH 21-016 and DDH 21-017 were drilled on the same section in the
Hole DDH 21-017 intersected high-grade gold and silver mineralisation, with 72 meters of 1.60 g/t gold and 166 g/t silver from 125 to 197 meters, including 12.0 meters of 7.27g/t gold and 351 g/t silver. This hole shows continuity of gold and silver rich mineralisation at the western end of the
Hole DDH 21-017 also intersected 12 meters of 1.21 g/t gold and 30.0 g/t silver from only 28 to 40 meters down hole, which is expected to add to the shallow exploitable resources.
Hole DDH 21-018 was drilled 100 meters to the east of holes DDH 21-016 and DDH 21-017. The hole intersected 14 meters of 3.45 g/t gold and 175.9 g/t silver from 223 to 237 meters, including 7 meters of 6.14g/t gold and 257.6g/t silver.
Exploration Program Update
To date the company has reported results from a total of 51 diamond drill holes, with results from the final 2 holes from the 15,000-meter Phase I exploration program expected to be received shortly. All of the drill results from the Phase I program will be incorporated into an updated resource estimate which is expected to be announced in Q3/2021.
The Company's Phase II exploration program is now well underway and will consist of a minimum of 10,000-meters of diamond drilling. Both drill rigs are now testing the continuity of gold mineralisation towards the northeast of the Oculto deposit in an attempt to extend the
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.
(C) 2021 Electronic News Publishing, source