Silver Co.'s Shares Remain Solidly Up

Source: Peter Krauth 10/28/2024

Peter Krauth of the Silver Stock Investor explains why he thinks AbraSilver Resource Corp. (ABRA: TSX.V; ABBRF:OTCQX) might be a good stock to investigate.

AbraSilver Resource Corp. (ABRA: TSX.V; ABBRF:OTCQX) has more drill and geophysical survey results. Their ongoing 20,000m drill program at Diablillos in Argentina produced the following highlights:

• 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.
  • DDH 24-017 encountered numerous zones of mineralization, including a silver zone with 28.5 m grading 87 grams per tonne (g/t) Ag, starting at a downhole depth of 108 m, within which was 7.5 m grading 190 g/t Ag.
  • DDH 24-024 intersected multiple zones of gold and silver mineralization, including 23.0 m grading 50 g/t Ag and 0.18 g/t Au.
• 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.
  • DDH 24-020 intersected a broad zone of mineralization, with 53 m at 58 g/t Ag, starting at a downhole depth of only 68 meters, and included an interval of 5.1 m 129 g/t Ag.
  • DDH 24-023 encountered 24 m grading 76 g/t Ag, starting at a downhole depth of 99 meters, and separately encountered another 11 m grading 52 g/t Ag.

These holes are solid if not exciting, helping to expand Oculto shallow mineralization, and to expand JAC outside the conceptual pit boundary. See the yellow stars in the figure below.

About 3.5 km northeast of Oculto, a TITAN geophysical survey was completed. It generated a large chargeability anomaly beneath Cerro Blanco, which is interpreted as potentially being a large porphyry intrusion.

Historical shallow drilling and sampling have identified anomalous gold, copper, and molybdenum. The TITAN survey pinpoints areas within the complex to be tested with a drill rig dedicated to a deep drilling program at the Porphyry Complex.

John Miniotis, President and CEO, commented, “We are very pleased with the continued success of our ongoing step-out drill campaign and the promising results from the TITAN geophysical survey. Importantly, the survey indicates strong geophysical anomalies that suggest the potential for a substantial porphyry system, which could unlock an exciting new phase of exploration moving forward. Our ongoing drilling campaign validates our commitment to unlocking the full potential at Diablillos, and we are very pleased that the Project continues to display significant exploration upside potential on numerous fronts.”

ABRA shares have remained solidly up this year and ahead 35% since being added to the portfolio in April. Attractive to add on weakness.

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( Companies Mentioned: ABRA: TSX.V;ABBRF:OTCQX, )

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