October 01, 2024

AbraSilver Resource – More Drill Assays Show Oculto Expanding to NorthEast, JAC Expanding To SouthWest - Large Porphyry Target Based On New TITAN Geophysical Survey

17 minutes

John Miniotis, President and CEO and David O’Connor, Chief Geologist of AbraSilver Resource Corp (TSX.V:ABRA – OTCQX:ABBRF), join us to review more drill holes that have been released from the ongoing 20,000 meter Phase 4 diamond drill campaign expanding the Oculto Zone to the NorthEast and the JAC Zone to the SouthEast, on their wholly-owned Diablillos property in Salta Province, Argentina. We also discuss the new TITAN geophysical survey results and targeting for upcoming drilling of some porphyry targets at Cerro Blanco and Cerro Viejo.

We start off having John and Dave recap the recent wide-intercept silver mineralization returned from the next batch of drill holes released from expanding the Oculto and JAC areas.Holes DDH 24-017, DDH 24-021 and DDH 24-024 were drilled in the Oculto northeast area and designed to expand the existing known shallow mineralization. Holes DDH 24-020 and DDH 24-023 were step-out holes in the JAC southwest area that were drilled to extend the existing Mineral Resources beyond the current conceptual open pit boundary.

Next we discussed the TITAN geophysical survey results have come back helping to target a couple of deeper drill holes to explore for an underlying copper and gold porphyry system at both the Cerro Blanco and Cerro Viejo targets. This area is located approximately 3.5 km northeast of the Oculto deposit, and drilling in this area is expected to commence by the end of September. Additionally, another target Cerro Bayo, nearby the Oculto deposit, will be drilled, looking for more near-surface high-grade silver and gold oxide mineralization to expand and extend the front-end economics of a project development scenario.

Wrapping up, John outlines the company is still very cashed up to finish the ongoing Phase 4 drill program, and complete the upcoming Pre-Feasibility Study, all while heading into next year with plenty of funds left over to continue working on expanding and derisking the Diablillos Project.

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