AbraSilver – Exploration Update On The Final Phase 3 Drill Results From the JAC Zone Building Towards Maiden Resource Estimate And Upcoming Preliminary Feasibility Study
John Miniotis, President and CEO of AbraSilver Resource Corp (TSX.V:ABRA – OTC:ABBRF), join us to review the final set of drill holes at the JAC Zone completed as part of the Company’s successful Phase III drill program, on its wholly-owned Diablillos property in Salta Province, Argentina. The reported holes were designed to delineate the margins of the JAC zone, ahead of the upcoming Maiden Mineral Resource estimate at JAC and then the subsequent coming Pre-Feasibility Study on the Diablillos project combining the JAC Zone with the Oculto Deposit.
- Drill Holes DDH 23-066 to DDH 23-070 were drilled to determine the northwestern edge of the JAC zone. All holes encountered silver mineralization, with a broad intercept of 64 m grading 148 g/t Ag in hole DDH 23-070 from a downhole depth of only 41 m.
- Drill Holes DDH 23-071 to DDH 23-075were drilled to test the northeastern edge of the JAC zone. The holes encountered several narrower zones of silver mineralization, with hole DDH 23-075 intersecting 15.0 m at 93 g/t Ag and 0.78 g/t Au.
- Results from DDH 23-075 are highly encouraging as they demonstrate the continuity of mineralization between the JAC zone and the main Oculto deposit, and the possibility of a combined open pit.
John outlined why the exploration team is so encouraged by the continued success of the expanded Phase 3 drill program, with 22,000 meters and 115 holes drilled to date at the JAC Zone, as well as the discover of the new JAC North Zone, and pending results from other key targets like Alpaca and Fantasma. There are still 6 more holes to report from this drill program on some of those additional zones. There will be plenty of targets to follow up on in the next Phase 4 drilling campaign, and 2 key company reports and milestones on the horizon for the medium term.
- In full disclosure, Shad is a shareholder of AbraSilver