Hole DDH 22-028 was drilled on the margin of the conceptual open pit outline to test for extensions continuing beyond the pit towards the northeast. Hole DDH 22-026 also encountered widespread gold mineralization throughout the hole, with the highlight interval being 37.5 metres at 8.1g/t Ag and 2.56 g/t Au from 295 to 332.5 metres. Hole DDH 22-025 intersected several well-mineralized zones throughout the hole, including 24 metres at 51 g/t Ag and 1.85 g/t Au in oxides from a downhole depth of 232 metres. Both holes intersected high-grade gold mineralization in what is interpreted as being an enrichment zone at the intersection of the North and West breccias. Holes DDH 22-025 and DDH 22-026 were step-out holes drilled in the Oculto NorthEast zone, located well outside of the conceptual open pit boundary. 3, 2022 and the hole is included for perspective. Note: Results of hole DDH 22-019 in the Southwest zone were previously reported on Aug. Drilling is continuing both to the northeast and southwest as well as laterally, demonstrating increasing tonnage potential of the system. The calculations assume 100% metallurgical recovery and are indicative of gross in-situ metal value at the indicated metal prices.įigure 1 – Oculto Plan View of Drill Resultsįigure 2 below highlights the Oculto mineralised system which is now known to extend well beyond the conceptual open pit and is open for at least two kilometres along strike. True widths are estimated to be approximately 80% of the interval widths.ġ AgEq & AuEq calculations for reported drill results are based on USD $1,750/oz and $25.00/oz Ag. Widths are drilled widths, not true widths. Note: All results in this news release are rounded. (Intercepts greater than 2,000 gram-metres AgEq shown in bold text) : Table 2 – Diablillos Other Drill Result Highlights Importantly, each of the other three holes reported today also encountered robust grades and thicknesses which continue to add to our knowledge of the mineralized structures in the Northeast zone, where numerous mineralized breccia zones extend well beyond the previously contemplated open pit boundary.” The latest assay result highlights are summarized in Table 1 and Table 2 below.ĭave O’Connor, Chief Geologist, commented, “We are very pleased with the latest world-class silver and gold intercepts reported from the Tesoro zone, which further demonstrates the excellent upside potential of this high-grade zone. By all measures, our 20,000-metre Phase II program has been a resounding success, which we expect will result in a significant increase in the Mineral Resource estimate to be announced later this year”. John Miniotis, President and CEO, commented, “Over the past month alone, we have announced two holes from our Tesoro zone for which the mineralized intercepts rank among the best in the world over the past two years, in addition to discovering a brand new zone in the Southwest located over 500 metres beyond the conceptual open pit boundary. Hole DDH 22-026 was a step-out hole in the Oculto NorthEast zone, located well beyond the conceptual open pit boundary, and intersected several zones of high-grade gold mineralization, including 37.5 metres at 187 g/t AgEq (2.7 g/t AuEq – comprised of 2.56 g/t Au and 8 g/t Ag) Hole DDH 22-037 intersected 155 metres at 289 g/t AgEq (4.1 g/t AuEq – comprised of 185 g/t Ag and 1.48 g/t Au) in oxides starting at a down-hole depth of only 71 metres The hole included a 30 metre interval grading 609 g/t AgEq (8.70 g/t AuEq – comprised of 238 g/t Ag 5.30 g/t Au) Hole DDH 22-037 was an in-fill hole drilled vertically in the Tesoro zone and contains the thickest, high-grade silver-gold intercept ever encountered on the Project. Wide zones of high-grade mineralization were encountered in all four holes. (TSXV:ABRA ) ( OTC:ABBRF) ("AbraSilver" or the “Company”) is very pleased to announce new assay results from four diamond drill holes from the Phase II program on the Company’s wholly-owned Diablillos property in Salta Province, Argentina (“Diablillos” or the “Project”). Toronto – TheNewswire - August 22, 2022: AbraSilver Resource Corp. Latest High-Grade Silver-Gold Intercept in the Tesoro Zone Includes 30m at 609 g/t AgEq (8.70 g/t AuEq)
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