Announcement Date: 2022-11-22
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. 20m at 498.6g/t Ag, 0.1g/t Au from 144m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto – November 22, 2022: AbraSilver Resource Corp. (TSX.V: ABRA; OTCQX: ABBRF) (“AbraSilver” or the “Company”) is pleased to announce new assay results from four diamond drill holes from the ongoing 15,000 metre Phase III program on the Company’s wholly-owned Diablillos property in Salta Province, Argentina (“Diablillos” or the “Project”). Drilling is now concentrated in the recently discovered Southwest zone (JAC target) which is located several hundred metres southwest of the edge of currently defined Mineral Resources on the main Oculto deposit. Systematic grid drilling of the near-surface, high-grade silver mineralization is progressing and the Company anticipates announcing a maiden Mineral Resource estimate for this new zone in H1/2023. Key takeaways from the latest drill results include Hole DDH 22-056, located in between the JAC target and the conceptual Oculto open pit boundary, intersected a broad zone of silver mineralization including 11 metres at 549 g/t Ag and 0.72 g/t Au. The gold content in this intercept suggests that the mineralization may be a continuation of the Oculto system, whereas mineralization encountered to date in holes further southwest (within the JAC target) has been predominantly silver with minimal gold.
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