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Hole DDH 22-067encountered the highest-grade intercept to date,on a silver-equivalent basis, at the JAC target, with871 g/t AgEq over 27min sulphide mineralization. That interval is located immediately beneath a further high-grade oxide intercept grading522 g/t AgEq over 36m.
Highlights and detailed results are shown below along with accompanying figures:
HoleDDH 22-067intersected a new high-grade feeder structure at the JAC target and encountered two separate high-grade zones:
36m at 463 g/t Ag and 0.71 g/t Auin oxidesfrom 143.0m
27m at 745 g/t Ag, 1.54 g/t Au and 1.23% Cuin sulphides from 179.0m
The other four reported holes tested the margins of the high-grade silver mineralization at the JAC target, with hole DDH 22-065 encountering 35m at 82 g/t Ag from a downhole depth of 83.0m
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-22-064 | 92.0 | 96.0 | Oxides | 4.0 | 57.9 | - | - | 57.9 | |||
DDH-22-064 | 108.0 | 126.0 | Oxides | 18.0 | 80.4 | - | - | 80.4 | |||
DDH-22-064 | 133.0 | 138.0 | Oxides | 5.0 | 77.8 | - | - | 77.8 | |||
DDH-22-065 | 83.0 | 118.0 | Oxides | 35.0 | 82.0 | - | - | 82.0 | |||
DDH-22-065 | 188.5 | 201.0 | Sulphides | 12.5 | - | - | 0.75 | n/a | |||
DDH-22-066A | 65.0 | 95.0 | Oxides | 30.0 | 52.5 | - | - | 52.5 | |||
DDH-22-066A | 102.0 | 123.0 | Oxides | 21.0 | 24.9 | - | - | 24.9 | |||
DDH-22-066A | 138.5 | 156.0 | Transition | 17.5 | 86.3 | - | - | 86.3 | |||
DDH-22-067 | 129.0 | 136.0 | Oxides | 7.0 | 82.0 | - | - | 82.0 | |||
DDH-22-067 | 143.0 | 179.0 | Oxides | 36.0 | 463.3 | 0.71 | - | 521.5 | |||
DDH-22-067 | 179.0 | 206.0 | Sulphides | 27.0 | 745.0 | 1.54 | 1.23 | 871.1 | |||
DDH-22-068 | 121.0 | 123.0 | Oxides | 2.0 | 32.5 | - | - | 32.5 |
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, “The exceptional grades encountered in hole 22-067 showcases the continuity of high-grade mineralization within our exciting JAC target. Intersecting a high-grade feeder is of primary importance in building confidence in our geologic model and enhancing our understanding of this new deposit. Our immediate exploration priority is to continue drill testing this high-grade feeder structure while continuing to delineate other high-grade targets which were recently identified by our latest ground magnetic survey.”
Figure 1 – Diablillos Plan View of Recent Drill Holes & Exploration Targets
Click Image To View Full Size
Figure 2 below displays a long-section of the latest drill results from the Southwest zone.
Figure 2 – Long Section Through Newly Announced Drill Holes in JAC Target
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Exploration Update
Systematic grid drilling, at 25 and 50 metre spacing, of the JAC target continues to progress rapidly. To date, assay results have been announced for a total of 19 holes in the JAC target, with all holes returning silver mineralization at reasonably shallow depths. The limits of the JAC mineralised zone have yet to be found and drilling is continuing to determine the length and width of the JAC target. A total of 43 holes have now been drilled in this new zone, with assays pending for 24 holes.
The JAC target was discovered by drilling a linear magnetic anomaly interpreted, correctly, as resulting from the introduction of mineralizing hydrothermal fluids. A new detailed ground magnetic survey was recently completed by geophysical consultants,
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 22-064 | E719550 | N7198714 | 4,155 | 0 | -60 | 167 |
DDH 22-065 | E719599 | N7198695 | 4,160 | 0 | -60 | 215 |
DDH 22-066A | E719701 | N7198843 | 4,170 | 359 | -59 | 200 |
DDH 22-067 | E719866 | N7198821 | 4,174 | 0 | -60 | 218 |
DDH 22-068 | E719818 | N7198866 | 4,179 | 1 | -58 | 167 |
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 are then 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
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