| Announcement Date: | 2022-07-25 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | AbraSilver Resource Corp. |
| Project name: | Diablillos |
| Location: | Argentina |
| Commodities: | Gold,Silver |
| Highlight: | Drilling results incl. 26.0m @ 2357.6g/t Ag, 0.36g/t Au from 131.5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Toronto – July 25, 2022: AbraSilver Resource Corp. (TSX.V: ABRA; OTCQX: ABBRF) (“AbraSilver” or the “Company”) is very pleased to announce assay results from its latest diamond drill holes from the Phase II program on the Company’s wholly-owned Diablillos property in Salta Province, Argentina (“Diablillos” or the “Project”). Diamond drill hole DDH 22-015 contains the highest-grade silver intercept recorded on the Project to date. Key takeaways from the latest intercept includes Hole DDH 22-015 was drilled to test the southwestern extension of the Tesoro Zone. The record highgrade intercept consisted of 26 metres at 2,358 g/t Ag and 0.36 g/t Au in oxides from 131.5 to 157.5 metres, including 4 metres at 9,488 g/t Ag and 0.69 g/t Au starting at 148.5 metres downhole. The high-grade intercept in the Tesoro Zone is expected to substantially increase both the tonnage and silver grades of the existing Mineral Resources classified in the Measured category and could have a marked positive effect on the project economics. Additional drill holes are planned to test the continuity of this high-grade zone farther to the southwest in the Phase III program. Hole DDH 22-006 was an in-fill drill hole which obtained multiple intersects in the oxide zone, including 26 metres at 67 g/t Ag and 1.67 g/t Au from 107 to 133 metres. The hole also obtained high-grade gold intercepts in oxides with 15 metres at 3.17 g/t AuEq, including a very high-grade interval of 1 metre grading 23.37 g/t AuEq. |
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