AbraSilver Resource – Final Batch Of Phase 4 Drill Results From JAC Extension Zone, Starting Up Phase 5 Drilling, And Working On A Resource Update

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6h ago 21:58

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John Miniotis, President and CEO and David O’Connor, Chief Geologist of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), join us to review the final batch of drill assays their Phase IV exploration program, returning higher grades over long mineralized intercepts from step-out drilling at the JAC Extension, at their wholly-owned Diablillos property in Salta Province, Argentina. They are now moving towards an updated Resource Estimate in a few months, and going straight into the Phase V drill program.

These 15 holes that had assays released on April 29th and are part of the recently completed Phase IV exploration program comprised a total of 21,172 meters drilled across 106 holes. These latest drill results from the JAC Extension zone continue to demonstrate multiple high-grade, near-surface silver intercepts beyond the current conceptual open pit limits. These assays represent the final results from the successful Phase IV exploration campaign. All Phase IV drill results will be incorporated into an updated Mineral Resource estimate, which remains on schedule for release in mid-2025.

Key highlights from the Latest Phase IV JAC Extension Drilling:

Hole DDH 25-001: 56.0 metres (“m”) at 107 g/t Ag, starting at 66 m down-hole depth, including 6.0 m at 181 g/t Ag.
Hole DDH 25-002: 65.0 m at 162 g/t Ag, from 82 m depth, including 12.0 m at 405 g/t Ag.
Hole DDH 25-005: 63.0 m at 139 g/t Ag, from 74 m depth, including 26.0 m at 244 g/t Ag.
Hole DDH 25-006: 0 m at 89 g/t Ag, from 52 m depth, including 6.0 m at 200 g/t Ag.
Hole DDH 25-007: 19.0 m at 147 g/t Ag, from 100 m depth.
Hole DDH 25-012: 41.5 m at 160 g/t Ag, from 56 m depth, including 7.0 m at 399 g/t Ag
Hole DDH 25-013: 36.0 m at 127 g/t Ag, from 125 m depth, including 3.0 m at 298 g/t Ag
Hole DDH 25-015: 35.0 m at 91 g/t Ag, from 81 m depth, including 2.0 m at 385 g/t Ag
Hole DDH 25-017: 43.0 m at 134 g/t Ag, from 100 m depth.

The Company remains very well-positioned to continue delivering exploration success, with a fully-funded Phase V drill campaign, already well-underway, targeting several high-priority zones across the Diablillos project. In addition to the upcoming Resource Estimate, the Company is also moving along the permitting process, and doing other derisking work to prepare for their Definitive Feasibility Study in Q1 of 2026.

If you have any follow up questions for John or Dave regarding at AbraSilver, then please email us at [email protected] or [email protected].

In full disclosure, Shad is a shareholder of AbraSilver at the time of this recording.

Click here to visit the AbraSilver website and read over the most recent news releases.

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