Silver Stocks Charts, News, Reports and Quotes
“Drilling results from the new JAC zone continue to consistently encounter high-grade silver mineralization in oxides at shallow depths. Today’s results further support..."
Record-Grade Intercept Located at New JAC Target, Part of Broader Intercept of 2,498 g/t AgEq over 8.5m
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..."
The bottom line is major silver miners are actually faring pretty well fundamentally despite the depressed silver prices. They are growing their collective silver production ...
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.
M&I Mineral Resource Estimate Increased to 51.3Mt at 66g/t Ag and 0.79g/t Au & Does Not Include New High-Grade Silver Discovery in Southwest Zone at Diablillos
The bottom line is silver miners are faring way-better fundamentally than their radically-oversold stock prices suggest. As the leveraged futures speculators are forced to normalize their excessively-bearish positioning through huge buying, silver will surge amplifying gold’s gains like usual.
New Discovery is Located Over 500m Beyond the Limit of the Current Mineral Resource Estimate
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