The Phase III drill program is now expected to consist of approximately 22,000 metres of diamond drilling, up from 15,000 metres, using two diamond drill rigs. Phase III drilling is designed to delineate a maiden Mineral Resource..
The CEO of AbraSilver, John Miniotis, joins GoldSeek TV to discuss the high-grade silver and gold project in Salta, Argentina. This advanced stage silver-gold project recently expanded its size with the discovery of the JAC zone. Where drilling continues to define a new high grade silver and gold resource which will be incorporated in this year's PFS.
Hole DDH 22-067 encountered the highest-grade intercept to date, on a silver-equivalent basis, at the JAC target, with 871 g/t AgEq over 27m in sulphide mineralization. That interval is located immediately beneath a further high-grade oxide intercept grading 522 g/t AgEq over 36m.
“Our ongoing drilling program at the new JAC target continues to intercept extensive near-surface, high-grade silver mineralization. Both drill rigs are rapidly advancing our understanding of this exciting exploration target in preparation for announcing a maiden Mineral Resource estimate..."
Drilling is now concentrated in the recently discovered Southwest zone (JAC target) which is located several hundred metres southwest of the edge of currently defined Mineral Resources on the main Oculto deposit.