AbraSilver Reports Promising Initial Drill Results at Regional Exploration Targets at the Diablillos Silver-Gold Project

NewMediaWire
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TORONTO - (NewMediaWire) - November 01, 2023 - TheNewswire - AbraSilver Resource Corp. (TSXV:ABRA); (OTC:ABBRF) ("AbraSilver" or the "Company") is pleased to announce initial drill results from its first regional exploration program focused beyond the Oculto and JAC zones, at its Diablillos property in Salta Province, Argentina ("Diablillos" or the "Project").

The initial drill results confirm the potential for additional near-surface mineralized zones located to the west and southwest of the main Oculto deposit and represent new exploration targets that will be pursued in an upcoming drill program. The Company also recently completed detailed structural mapping and an expanded magnetic survey covering the new target areas to further assist with prioritizing targets for the Company's next exploration campaign.

New Regional Exploration Targets at Diablillos

Alpaca Target

Drilling in this area has uncovered a trend of silver mineralization perpendicular to the JAC zone which is believed to connect the Alpaca target to the high-grade JAC zone.

Hole DDH 23-077, located between the JAC and Alpaca areas, intersected a near-surface zone of silver mineralization, totaling 21.5 metres at 154.5 g/t Ag, starting from a down-hole depth of only 95.5 metres.

There is a marked zone of low magnetic intensity perpendicular to the main mineralized south-southwest trend and hole DDH 23-077 intersected silver mineralization indicating there is good potential for further discovery.

JAC North Target

The JAC North zone, located up to approximately 100 metres northwest of the JAC zone, has the same geological characteristics as JAC. Silver mineralisation is concentrated in a highly fractured zone with pervasive alunite alteration and associated manganese oxides that follows a parallel structural trend.

Hole DDH 23-081, intersected multiple zones of silver mineralization near-surface, including 9.0 metres at 98.4 g/t Ag starting from a down-hole depth of only 102 metres. This mineralization extends the JAC North zone approximately 50 metres southwest.

o Drilling to date indicates that the JAC North zone is a mineralized structure parallel to the JAC zone, which is believed to extend for several hundred metres east-northeast of hole DDH 23-081 and, represents upside potential that will be explored in the next drilling phase.

Hole DDH 23-080 was drilled to a down-hole depth of 122 metres and did not encounter any significant mineralization.

Fantasma Target

Historical drilling at Fantasma outlined a zone of silver mineralization on which a small historical Mineral Resource was estimated. The Mineral Resource area is located approximately one kilometre west-northwest of the Oculto deposit. Two holes were drilled to test for a mineralized structure potentially connecting Fantasma to the Oculto deposits.

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