AbraSilver Resource – Encouraging Initial Drill Results From The First Regional Exploration Program At Multiple Targets
John Miniotis, President and CEO and David O’Connor, Chief Geologist of AbraSilver Resource Corp (TSX.V:ABRA – OTC:ABBRF), join us to review the initial drill results from its first regional exploration program, at multiple targets, focused beyond the Oculto and JAC zones, at its Diablillos property in Salta Province, Argentina.
We have John recap the overall exploration history up until this program at the Oculto and JAC zones where the majority of the work has been completed, but that these holes reported November 1st, tested the mineralization at the Alpaca Target, JAC North Target, and the Fantasma Target. The point was made that this is clearly now a regional district, that may end up having multiple open pits feeding the overall project once it moves into development.
Dave breaks down the structural trends in the mineralization, and further outlines how JAC North and Alpaca are orientated in relation to the main JAC Zone, and also points out that in a similar way, the Laderas Target, may be another zone of mineralized interest near the Oculto main zone, that warrants further drilling follow up.
The initial drill results confirm the potential for additional near-surface mineralized zones located to the west and southwest of the main Oculto deposit and represent new exploration targets that will be pursued in an upcoming drill program. The Company also recently completed detailed structural mapping and an expanded magnetic survey covering the new target areas to further assist with prioritizing targets for the Company’s next exploration campaign.
The next key catalyst for the Company will be the updated Resource Estimate, which will include for the first time all the drilling over the last year at both the main JAC Zone and the JAC North Target.
- In full disclosure, Shad is a shareholder of AbraSilver at the time of this recording