Announcement Date: 2022-06-28
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: AbraSilver Resource Corp.
Project name: La Coipita
Location: Argentina
Commodities: Gold,Copper,Molybdenum
Highlight: Drilling results incl. 225.5m @ 0.34% Cu, 0.07g/t Au, 66ppm Mo from 771.5m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto – June 28, 2022: AbraSilver Resource Corp. (TSX.V: ABRA; OTCQX: ABBRF) (“AbraSilver” or the “Company”) is pleased to announce the discovery of a significant new copper-gold-molybdenum porphyry system at its La Coipita project (the “Project”) located in the San Juan province of Argentina. The Company has an option agreement to acquire a 100% interest in the Project which encompasses a large area, totaling approximately 70,000 hectares, within the Miocene porphyry-epithermal belt of Argentina and Chile (see Aug. 17, 2021, news release). The Company’s maiden drill campaign at La Coipita consisted of two initial deep holes to test a potential large copper-gold-molybdenum porphyry target. Based on the successful results, additional drilling is now being planned for the upcoming field season, which is expected to start in late-September 2022. Highlights include Diamond drill hole DDHC 22-002 returned broad intervals of copper-gold-molybdenum porphyry mineralization including 226 metres grading 0.43% CuEq, followed by a separate interval of 146 metres grading 0.30% CuEq. The hole successfully intersected a broad zone of consistent porphyry style mineralisation featuring abundant pyrite and chalcopyrite in disseminations and stockwork veinlets, with an overprint of later quartz veining hosting molybdenite. The mineralisation is hosted mainly in granitoid, with upper quartz-sericite alteration transitioning into underlying potassic alteration which includes more concentrated copper sulphide mineralisation.
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