AbraSilver – More High-Grade Silver Drill Results And Positive Metallurgical Test Results From The JAC Zone
John Miniotis, President and CEO and David O’Connor, Chief Geologist of AbraSilver Resource Corp (TSX.V:ABRA – OTC:ABBRF), join us to review more recently returned high-grade silver drill intercepts and positive metallurgical test results from the JAC Zone at the Diablillos Project in Argentina.
On May 25th more exploration news was released where drill hole# DDH-23-024 intercepted 17 Meters at 829 g/t Ag & drill hole# DDH-23-025 intercepted 79 Metres at 238 g/t Ag. There were 6 drill holes released in total in this batch, which continue to intercept excellent widths and grades of silver at JAC in practically every single drill hole. Drilling at the JAC Zone continues to consistently intersect high-grade silver oxide mineralization, with associated gold in some areas, at shallow depths, as well as underlying copper and silver mineralization in sulphides. We discuss how this JAC Zone is really continuous over very wide intercepts, close to surface, and high-grade which is all setting up to be amenable and economic to open pit mine development, and likely would be on the front end of any mine plan.
Next we discussed the news out June 1st that reported positive preliminary metallurgical test results for the new JAC zone and Fantasma deposit, with overall recoveries ranging between 86% – 93% for silver and 82% – 91% for gold. A substantial percentage of the silver at JAC can be recovered by gravity separation on the front end, which increases overall recoveries. Current testwork confirms that the same process flowsheet can be used to process mineralization from the Oculto, JAC and Fantasma deposits.
John outlines why the exploration team is so encouraged by the continued success of the Phase 3 drill program, with 20,000 meters and 85 holes drilled to date, but plans to drill an additional 15 holes to take it up near 100 holes that will feed into an upcoming maiden resource estimate on the JAC Zone targeted for September. Thus far only 52 holes have been released to the market, with roughly half of the holes from Phase 3 still to be reported in the months to come. There is also ongoing work incorporating other metallurgical data, environmental and permitting work, and other project derisking going on into a Preliminary Feasibility Study on the overall Diablillos Project encompassing both the Oculto and JAC depostis by year end.
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