A view of the Diablillos project area. Credit: AbraSilver Resource.
AbraSilver Resource (TSX: ABRA) said new drill results at its flagship Diablillos project in northwestern Argentina have expanded the high-grade gold zone east of the Oculto deposit.
“Numerous” broad zones of gold and silver mineralization were found in the Oculto East zone, AbraSilver said Tuesday in a statement. They include hole DDH 25-077, which cut 8.5 metres of 13.81 grams gold and 14.3 grams silver from 317 metres depth, and 44 metres of 0.65 gram gold and 3.6grams silver starting at 368 metres.
“We view this news as positive for AbraSilver shares as assay results show extensions of gold and silver zones beyond known mineralized boundaries,” Scotia Capital mining analyst Eric Winmill said in a note Tuesday. The results also reinforce the potential for resource expansion in the upcoming definitive feasibility study, which…
