AbraSilver Resource Corp (TSXV: ABRA) this morning released further drill results from its Oculto deposit at its Diablillos property in Argentina. Data from two drill holes was released this morning, with the company encountering 388.62 g/t silver and 1.70 g/t gold over 103 metres, or 516.1 g/t silver equivalent.
The highlight result comes from hole DDH-20-027, which has a number of impressive sub-intervals, including 2 metres of 5,796 g/t silver at a depth of 166 metres, and 17 metres of 1,466.7 g/t silver beginning at 163 metres. Initial mineralization on the hole was encountered at 141 metres.
Hole DDH-20-026 meanwhile encountered 65 metres of 150.56 g/t silver and 1.88 g/t gold, including an interval of 207.70 g/t silver and 4.29 g/t gold over 27 metres at a depth of 162 metres.
Sponsored · PTX Metals Inc.
Both holes are said to have intersected broad zones of high grade gold and silver mineralization within oxides. The two drill holes reported had a distance between holes of approximately 100 metres, showing that the deposit has “substantial size potential.” The company will now look to continue drilling to augment the tonnage and grade of the resource currently present at the deposit.
| Drill Hole | From (m) | To (m) | Type | Interval (m) | Ag g/t | Au g/t | AgEq1 g/t | AuEq1 g/t | |
| DDH-20-026 | 118 | 127 | Oxides | 9 | 64.67 | 0.12 | 73.7 | 0.98 | |
| DDH-20-026 | 130 | 195 | Oxides | 65 | 150.56 | 1.88 | 291.6 | 3.89 | |
| DDH-20-026 | Including | 162 | 189 | Oxides | 27 | 207.70 | 4.29 | 529.5 | 7.06 |
| DDH-20-026 | Including | 175 | 189 | Oxides | 14 | 236.00 | 6.73 | 740.8 | 9.88 |
| DDH-20-027 | 141 | 244 | Oxides | 103 | 388.62 | 1.70 | 516.1 | 6.88 | |
| DDH-20-027 | Including | 141 | 163 | Oxides | 22 | 413.34 | 0.14 | 423.8 | 5.65 |
| DDH-20-027* | Including | 163 | 180 | Oxides | 17 | 1,466.7 | 0.55 | 1,507.9 | 20.11 |
| DDH-20-027* | Including | 166 | 168 | Oxides | 2 | 5,796.0 | 0.94 | 5,866.5 | 78.22 |
| DDH-20-027* | Including | 181 | 244 | Oxides | 63 | 94.5 | 2.57 | 287.2 | 3.83 |
| DDH-20-027* | Including | 190 | 244 | Oxides | 54 | 103.4 | 2.83 | 315.7 | 4.21 |
| DDH-20-027* | Including | 231 | 238 | Oxides | 7 | 131.8 | 5.35 | 533.1 | 7.11 |
| DDH-20-027* | 250.5 | 256.5 | Oxides | 6 | 181.2 | 1.00 | 256.2 | 3.42 |
AbraSilver Resource Corp last traded at $0.465 on the TSX Venture.
Information for this briefing was found via Sedar and AbraSilver Resource Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
