AbraSilver Intersects 103 Metres Of 516.1 G/T Silver Equivalent

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.

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)TypeInterval
(m)
Ag
 g/t
Au g/tAgEq1 g/tAuEq1 g/t
DDH-20-026 118127Oxides964.670.1273.70.98
DDH-20-026 130195Oxides65150.561.88291.63.89
DDH-20-026Including162189Oxides27207.704.29529.57.06
DDH-20-026Including175189Oxides14236.006.73740.89.88
DDH-20-027 141244Oxides103388.621.70516.16.88
DDH-20-027Including141163Oxides22413.340.14423.85.65
DDH-20-027*Including163180Oxides171,466.70.551,507.920.11
DDH-20-027*Including166168Oxides25,796.00.945,866.578.22
DDH-20-027*Including181244Oxides6394.52.57287.23.83
DDH-20-027*Including190244Oxides54103.42.83315.74.21
DDH-20-027*Including231238Oxides7131.85.35533.17.11
DDH-20-027* 250.5256.5Oxides6181.21.00256.23.42

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.

Video Articles

Is Gold’s Bull Market About to Hit Junior Stocks? | Ken Armstrong – Westhaven Gold

Surge Battery Metals: The Nevada North Lithium PEA

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Lining Up, Part 2: The Many Ways To Invest In Silver

As the silver price continues its strength, The Deep Dive is bringing you a broad...

Thursday, July 30, 2020, 11:26:46 AM

Silver Hits 11-Year High, Crosses $31 Mark

Silver prices have reached their highest level since 2013 recently, crossing the $30-mark, as investors...

Sunday, May 19, 2024, 11:46:00 AM

GoGold Resources: A Strong Balance Sheet & Positive Operating Cash Flow

On March 31, GoGold Resources Inc. (TSX: GGD) announced constructive assay results from the seven...

Monday, April 5, 2021, 10:22:00 AM

Precious Metals, Bitcoin Rally As Regional Banks Continue To Sink

Investors this morning have seemingly turned to hard assets in the wake of several banks...

Monday, March 13, 2023, 10:55:10 AM

Max Resource Reveals Results of Structural Interpretation At AM North Cesar Project

Max Resource Corp (TSXV: MXR) this morning revealed results of a structural interpretation at its...

Tuesday, June 9, 2020, 09:01:04 AM