AbraSilver – Continuing To Expand The JAC Zone With Additional High-Grade Drill Results
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 from the JAC Zone at the Diablillos Project in Argentina.
Today on July 12th, at the JAC Zone, results continue to encounter silver-rich intercepts outside the main mineralized zone, as drilling remains focused on determining the margins of the high-grade silver oxide mineralization.
- DDH 23-046 located in the northwestern part of the main zone encountered 3.0 metres at 2,070 g/t Ag and 0.27 g/t Au.
- DDH 23-050 intercepted 10.5 metres at 281 g/t Ag on the SE edge of the main zone.
- DDH 23-052 encountered 35.5 metres at 112 g/t Ag on the NW edge of the main zone from a downhole depth of only 41.0 metres.
Dave outlines why the exploration team is so encouraged by the continued success of the expanded Phase 3 drill program, with 22,000 meters and 113 holes drilled to date out of 115 planned in the larger program. There are over 20 more holes to still report from this drill program that will feed into an upcoming maiden Resource Estimate on the JAC Zone targeted for September/October. 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. Current testwork confirms that the same process flowsheet can be used to process mineralization from the Oculto, JAC and Fantasma deposits.
We also review that at the Company’s earlier-stage La Coipita Project, that drill hole# DDHC 23-001 intersected a broad zone of continuous copper-molybdenum mineralization totaling 694m grading 0.16% Cu and 81 ppm Mo at the Yaretas target from a downhole depth of 548.0 metres.. This large intersection demonstrates the substantial size potential of the Yaretas porphyry system. John mentions that the strategy here moving forward will be to partner with a larger company to earn-in to this project to increase the exploration on such a vast land position.
If you have any follow up questions for John or Dave regarding at AbraSilver, then please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of AbraSilver