Continued Intersects Of High-Grade Mineralization At JAC Zone

TORONTO - AbraSilver Resource Corp. reported on the ongoing Phase III diamond drilling program on the Diablillos property in Salta Province, Argentina. The Company also announced that the Phase III program is being increased as mineralization at the JAC zone remains open.

Drilling at the JAC zone continues to consistently intersect high-grade silver oxide mineralization, with associated gold in some areas, at shallow depths, as well as underlying copper and silver mineralization in sulfides.

Notably, drill hole DDH 23-029 encountered silver mineralization in oxides to the west of the main JAC mineralized zone, which was drilled to test an extension of the magnetic anomaly associated with the mineralization at JAC. This mineralization is hosted in granitic basement rocks under the andesite volcanics and, consequently, opens up potential for further mineralized zones.  Additionally, the JAC zone continues to remain open along strike towards the southwest and in other directions.

John Miniotis, President and CEO, said, “We continue to intercept excellent widths and grades of silver at JAC in practically every single drill hole.   Additionally, we continue to see significant potential for new discoveries beyond the main JAC mineralized zone, as highlighted in hole DDH 23-029. Our drill results continue to confirm our belief that the new JAC zone is a major mineralized system, with significant exploration upside remaining to be discovered. For that reason, we are again increasing the amount of drilling being done as part of the Phase III program.”