Toronto – TheNewswire – May 03, 2021 – AbraSilver Resource Corp.
It intersected substantial, high-grade gold and silver mineralization near surface, including 75 meters of 2.24 g/t gold and 166.7 g/t silver from 208 to 283 meters down hole depth.
1 AgEq & AuEq calculations for reported drill results are based on USD $20.00/oz Ag, $1,500/oz Au and $3.00/lb Cu.
John Miniotis, President and CEO, commented, “Our drill results continue to far exceed expectations.
The results from hole DDH-21-009 continue to demonstrate the continuity of high-grade silver and gold mineralisation at the intersection of the Main and Cross breccias as well as adding to the potential resources of the deeper gold zone.
It was stopped in significant gold mineralisation at a depth of 260 meters, with a 19-meter intercept from 241-260 meters grading 1.07g/t Au and 12.8 g/t Ag.
The Company has now completed drilling its Phase I drill program , for which all results will be incorporated into an updated resource estimate expected to be announced in Q3/2021.
The 80 km 2 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.
For additional information please see Technical Report on the Diablillos Project, Salta Province, Argentina, dated April 16, 2018, completed by Roscoe Postle Associates Inc, and available on www.SEDAR.com .
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.
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.
The most recent technical report for the Diablillos Project is the 2018 Preliminary Economic Assessment authored by Roscoe Postle Associates Inc.
The Company is rapidly advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina, which has an Indicated resource base of over 140Moz on a silver-equivalent basis and an initial open pit PEA study completed in 2018.
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.