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AbraSilver Intersects New High-Grade Feeder Structure in Southwest Zone at Diablillos; 871 g/t AgEq over 27m, and 522 g/t AgEq over 36m

10.01.2023  |  The Newswire
Toronto, January 10, 2023 - AbraSilver Resource Corp. (TSXV:ABRA) (OTC:ABBRF) ("AbraSilver" or the "Company") is very pleased to announce the discovery of a new high-grade feeder structure at the recently discovered Southwest zone (JAC target), located several hundred metres beyond the current Mineral Resource estimate on the main Oculto deposit at the Company's Diablillos project ("Diablillos" or the "Project").

Hole DDH 22-067 encountered the highest-grade intercept to date, on a silver-equivalent basis, at the JAC target, with 871 g/t AgEq over 27m in sulphide mineralization. That interval is located immediately beneath a further high-grade oxide intercept grading 522 g/t AgEq over 36m.

Highlights and detailed results are shown below along with accompanying figures:

  • Hole DDH 22-067 intersected a new high-grade feeder structure at the JAC target and encountered two separate high-grade zones:

    • 36m at 463 g/t Ag and 0.71 g/t Au in oxidesfrom 143.0m

    • 27m at 745 g/t Ag, 1.54 g/t Au and 1.23% Cu in sulphides from 179.0m

  • The other four reported holes tested the margins of the high-grade silver mineralization at the JAC target, with hole DDH 22-065 encountering 35m at 82 g/t Ag from a downhole depth of 83.0m

Table 1 - Diablillos Drill Results in Southwest Zone

(Intercepts greater than 2,000 gram-metres AgEq shown in bold text):

Cautionary Statements

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary statements in the Company's disclosure documents filed with the applicable Canadian securities regulatory authorities on SEDAR at www.sedar.com. The risk factors and other factors noted in the disclosure documents could cause actual events or results to differ materially from those described in any forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release

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