AbraSilver Intersects Highest Grade Silver Intercept of All-Time at Diablillos: 12,581 g/t Silver and 44.5 g/t Gold (16,225 g/t AgEq) Over 1 Metre
17.01.2023 | The Newswire
Toronto, January 17, 2023 - AbraSilver Resource Corp. (TSXV:ABRA) (OTC:ABBRF) ("AbraSilver" or the "Company") is very pleased to announce assay results from its latest diamond drill holes from the ongoing Phase III program on the Company's wholly-owned Diablillos property in Salta Province, Argentina ("Diablillos" or the "Project").
Record-Grade Intercept Located at New JAC Target, Part of Broader Intercept of 2,498 g/t AgEq over 8.5m
Key takeaways from the latest drill results include:
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Drill holes, DDH 22-075 and DD 22-076 were drilled at the new JAC target. Hole DDH 22-076encountered the all-time highest-grade silver intercept recorded on the Diablillos project to date
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Hole DDH 22-076 encountered two high-grade silver and gold zones at the JAC target:
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22m at 477 g/t Ag and 0.20 g/t Au in oxides from 147.0m downhole; and
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8.5m at 1,953 g/t Ag, 6.66 g/t Au and 0.43% Cu in an oxide-sulphide transition zone from 169.0m downhole. This intervalincludes the record-grade silver intercept of 1m at 12,581 g/t Ag and 44.5 g/t Au.
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Hole DDH 22-075 intersected a broad zone of high-grade silver mineralization in oxides of 16m at 604 g/t Ag and 0.82 g/t Au from 151.0m, including 5m at 1,638 g/t Ag and 2.58 g/tAu. This hole also encountered high-grade copper in the sulphide zone beneath with 4.5m at 1.97% Cu from 167.0m. The copper content suggests that this may be part of a vertical or sub-vertical feeder structure in the JAC target.
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The discovery hole at the JAC target was announced in August 2022. Since then, there have been multiple high-grade intercepts drilled at relatively shallow depths and the extent and grade of the mineralization have exceeded our expectations. Results to date from 24 drill holes combined with interpretation of magnetics suggests that the JAC target has substantial size potential. The Company's top priority is to drill off the JAC target to gain an understanding of the geometry of the mineralization and to fully define a mineral resource estimate.
Table 1 - Diablillos Drill Results in Southwest Zone
(Intercepts greater than 2,000 gram-metres AgEq shown in bold text):
Cautionary Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary statements in the Company's disclosure documents filed with the applicable Canadian securities regulatory authorities on SEDAR at www.sedar.com. The risk factors and other factors noted in the disclosure documents could cause actual events or results to differ materially from those described in any forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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