AbraSilver Resource Corp. Announces Assay Results Received from Four Additional Diamond Drill Holes Completed At the Oculto Zone on Its Wholly-Owned Diablillos Property in Salta Province, Argentina
April 20, 2021 at 09:14 am
Share
AbraSilver Resource Corp. announced assay results received from four additional diamond drill holes completed at the Oculto Zone on its wholly-owned Diablillos property in Salta Province, Argentina. The holes were designed to develop additional shallow resources within the Whittle pit shell as well as to infill and extend the current estimated mineral resources. All four holes intercepted significant near-surface gold and silver mineralisation. Hole DDH 21-005 intersected 19 meters of 5.06 g/t Gold-Equivalent starting from a depth of only 58 meters down hole. These results continue to identify previously undefined shallow resources within the Whittle Pit which are expected to contribute significantly to the early economics of open pit mining. Hole DDH 21-005 was drilled to a depth of 440 metres and intersected several zones of high grade gold mineralization, both above, and well below, the existing mineral resource. In addition, holes DDH 21-006, DDH 21-007 and DDH 21-008 also intersected broad zones of gold and silver mineralization that are expected to be included in a shallow resource. These holes demonstrate continuity of shallow resources within the Whittle pit shell which should contribute substantially to the economics of early mining at Oculto by upgrading areas previously categorized as waste. Systematic drilling of this previously undefined shallow mineralised zone has been completed, and further results are waiting to be received from the laboratory. The 80 km sq. Diablillos property is located in the Argentine Puna region - the southern extension of the Altiplano of southern Peru, Bolivia, and northern Chile - and was acquired from SSR Mining Inc. by the Company in 2016. There are several known mineral zones on the Diablillos property, with the Oculto zone being the most advanced with approximately 90,000 metres drilled to date. Oculto is a high-sulphidation epithermal silver-gold deposit derived from remnant hot springs activity following Tertiarty-age local magmatic and volcanic activity. Comparatively nearby examples of high sulphidation epithermal deposits include: El Indio, Chile; Veladero, Argentina; and Pascua Lama, on the Chile-Argentine border. 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 Lima, Peru where they are analyzed. All samples are analyzed using a multi-element technique consisting of a four acid digestion followed by ICP/AES detection, and gold is analyzed by 50g Fire Assay with an AAS finish. Silver results greater than 100g/t are reanalyzed using four acid digestion with an ore grade AAS finish.
AbraSilver Resource Corp. is a Canada-based silver and gold exploration company. The Company is focused on rapidly advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina. Its project includes Diablillos, La Coipita, Arcas Copper / Gold Project and Aguas Perdidas. The Diablillos is a 7,919 hectares (ha) property located in the Argentine Puna region, which is the southern extension of the Altiplano of southern Peru, Bolivia, and northern Chile. The La Coipita project, located in the mining-friendly San Juan province, Argentina. The La Coipita project encompasses over 70,000 hectares in the prolific Miocene porphyry-epithermal belt. The Arcas Copper / Gold Project is approximately 245 kilometers (km) northeast of Antofagasta city. It owns 100% of the 6,300 ha Aguas Perdidas project in Chubut Province, Argentina, approximately 137 km southwest of Pan American's Navidad project.
AbraSilver Resource Corp. Announces Assay Results Received from Four Additional Diamond Drill Holes Completed At the Oculto Zone on Its Wholly-Owned Diablillos Property in Salta Province, Argentina