(via TheNewswire)
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:
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
HoleDDH 22-076encountered two high-grade silver and gold zones at the JAC target:
22m at 477 g/t Ag and 0.20 g/t Au in oxides from 147.0m downhole; and
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 of1m at 12,581 g/t Ag and 44.5 g/t Au.
HoleDDH 22-075intersected a broad zone of high-grade silver mineralization in oxides of16m at 604 g/t Ag and 0.82 g/t Aufrom 151.0m, including5m at 1,638 g/t Ag and 2.58 g/tAu.This hole also encountered high-grade copper in the sulphide zone beneath with4.5m 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.
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
(Intercepts greater than 2,000 gram-metres AgEq shown in bold text):
Drill Hole | From (m) | To (m) | Type | Interval (m) | Ag g/t | Au g/t | Cu % | AgEq1g/t | |||
DDH-22-072 | 92.0 | 122 | Oxides | 30.0 | 73.2 | 0.12 | - | 83.0 | |||
DDH-22-073 | 113.0 | 119.0 | Oxides | 6.0 | 34.3 | - | - | 34.3 | |||
DDH-22-073 | 128.0 | 136.0 | Oxides | 8.0 | 51.1 | 0.02 | - | 52.7 | |||
DDH-22-073 | 148.5 | 153.5 | Sulphides | 5.0 | 27.8 | - | 0.22 | 27.8 | |||
DDH-22-075 | 76.0 | 85.0 | Oxides | 9.0 | 63.6 | 0.01 | - | 64.4 | |||
DDH-22-075 | 129.0 | 134.0 | Oxides | 5.0 | 113.1 | 0.54 | - | 157.3 | |||
DDH-22-075 | 151.0 | 167.0 | Oxides | 16.0 | 604.4 | 0.82 | - | 671.5 | |||
DDH-22-075 | Includes | 156.0 | 161.0 | Oxides | 5.0 | 1,637.9 | 2.58 | - | 1,849.2 | ||
DDH-22-075 | 167.0 | 171.5 | Sulphides | 4.5 | 6.2 | - | 1.97 | 6.2 | |||
DDH-22-076 | 95.0 | 108.0 | Oxides | 13.0 | 30.1 | - | - | 30.1 | |||
DDH-22-076 | 147.0 | 169.0 | Oxides | 22.0 | 476.8 | 0.20 | - | 493.2 | |||
DDH-22-076 | 169.0 | 177.5 | Transition | 8.5 | 1,952.8 | 6.66 | 0.43 | 2,498.3 | |||
DDH-22-076 | Includes | 169.0 | 170.0 | Transition | 1.0 | 12,581.4 | 44.49 | 0.96 | 16,225.3 |
Note: All results in this news release are rounded. Assays are uncut and undiluted. Widths are drilled widths, not true widths. True widths are estimated to be approximately 80% of the interval widths.
1AgEq based on 81.9(Ag):1(Au) calculated using long-term prices of
Dave O’Connor, Chief Geologist, commented, “Drilling at the new JAC target continues to encounter spectacular grades of silver mineralization at shallow depths. Importantly, holes DDH 22-075 and DDH 22-076 also intersected copper sulphide mineralization with associated high-grade gold and silver at the base of the oxide zone. We are continuing to gain a more detailed understanding of these high-grade feeder structures up which mineralisation migrated into the JAC target from an underlying porphyry intrusion. Hole 22-076, reaffirms our view, that the new JAC target has significant resource growth potential, and that there is much more remaining to be discovered at Diablillos.”
Figure 1 – Diablillos Plan View of Recent Drill Holes & Exploration Targets
Figure 2 below displays a long-section of the latest drill results from the JAC target, located to the southwest of the main Oculto deposit at Diablillos.
Figure 2 – Long Section Through Newly Announced Drill Holes in JAC Target
Click Image To View Full Size
.
Exploration Update
Drilling is ongoing with two diamond drill rigs focused on understanding the extent and orientation of silver and gold mineralization at the JAC target. To date, assay results have been reported for 24 drill holes at the JAC target, which coincides with a NE-SW trending magnetic anomaly (Figure 3), andthere are assays pending for an additional 19 drill holes. These drill holes span 700m along strike and widths up to 150m (Figure 1).
Mineralization at the JAC target is open in multiple directions and at least 20 additional drill holes are planned. Additional drilling may be required if mineralization remains open at the completion of these additional holes, a scenario that appears increasingly likely.
The JAC zone appears to be parallel to the Main Breccia at Oculto and may be an extension of it towards the Southwest. There is currently a drilling gap of approximately 150m between the East-Northeast extension of the JAC zone and the
Of significant geological interest is an additional parallel low magnetic zone to the South-Southeast of JAC which has not been drilled to date and has potential to host additional mineralization (Figure 3).
Figure 3 – Reduced to Pole Magnetic Map of Oculto and the JAC Target
Click Image To View Full Size
Collar Data
Hole Number | UTM Coordinates | Elevation | Azimuth | Dip | Depth (m) | |
DDH 22-072 | E719575 | N7198676 | 4,159 | 0 | -60 | 176 |
DDH 22-073 | E719525 | N7198640 | 4,153 | 0 | -60 | 164 |
DDH 22-074 | E719500 | N7198615 | 4,152 | 0 | -60 | 170 |
DDH 22-075 | E719649 | N7198734 | 4,165 | 0 | -60 | 200 |
DDH 22-076 | E719700 | N7198754 | 4,168 | 0 | -60 | 209 |
About Diablillos
The 80 km2Diablillos property is located in the Argentine Puna region - the southern extension of the Altiplano of southern
The most recent Mineral Resource estimate for the Oculto Deposit is shown in Table 2:
Table 2 -Oculto Mineral Resource Estimate – As of
Category | Tonnage (000 t) | Ag (g/t) | Au (g/t) | Contained Ag (000 oz Ag) | Contained Au (000 oz Au) |
Measured | 19,336 | 98 | 0.88 | 60,634 | 544 |
Indicated | 31,978 | 47 | 0.73 | 48,737 | 752 |
Measured & Indicated | 51,314 | 66 | 0.79 | 109,370 | 1,297 |
Inferred | 2,216 | 30 | 0.51 | 2,114 | 37 |
Notes: Effective
QA/QC and Core Sampling Protocols
AbraSilver applies industry standard exploration methodologies and techniques, and all drill core samples are collected under the supervision of the Company’s geologists in accordance with industry practices. Drill core is transported from the drill platform to the logging facility where drill data is compared and verified with the core in the trays. Thereafter, it is logged, photographed, and split by diamond saw prior to being sampled. Samples are then bagged, and quality control materials are inserted at regular intervals; these include blanks and certified reference materials as well as duplicate core samples which are collected in order to measure sample representivity. Groups of samples arethen placed in large bags which are sealed with numbered tags in order to maintain a chain-of-custody during the transport of the samples from the project site to the laboratory.
All samples are received by the SGS offices in Salta who then dispatch the samples to the SGS preparation facility in San Juan. From there, the prepared samples are sent to the SGS laboratory in
Qualified Persons
David O’Connor P.Geo., Chief Geologist for AbraSilver, is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, and he has reviewed and approved the scientific and technical information in this news release.
About AbraSilver
AbraSilver is an advanced-stage exploration company focused on rapidly advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of
For further information please visit the
Alternatively please contact:
info@abrasilver.com
Tel: +1 416-306-8334
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.
Neither the
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source