AbraSilver Delivers Record Gold Intercept, Stock Rallies on Breakout Drill Results
Phrases like “best-ever gold intercept” and “expanding high-grade gold and silver mineralization” are music to the ears of resource investors—and they’re exactly how a dual-listed mining company is describing its ongoing drilling program.
Shares of AbraSilver Resource Corp. (TSX: ABRA)(OTCQX: ABBRF) are on the move higher as the company announced its best-ever gold intercept to date from its ongoing drilling program at the Diablillos project in Argentina. The standout result comes from drill hole DDH 25-024, located just east of the Oculto open pit boundary. The hole intersected an impressive 31.0 metres grading 10.0 g/t gold and 16 g/t silver, including a high-grade interval of 6.0 metres at 41.9 g/t gold and 22 g/t silver. These results significantly enhance the company’s understanding of the mineral potential in the eastern extension of Oculto, now designated a high-priority target in the current Phase V drill campaign.
In addition to the strong gold results, the same hole delivered a separate silver-rich interval within the conceptual open pit boundary, returning 13.0 metres grading 307 g/t silver, including 8.0 metres at 446 g/t silver in the upper silver-enriched zone. These results confirm the presence of high-grade mineralization beyond the previously defined resource areas and suggest meaningful upside potential for expanding both gold and silver resources at Diablillos.
As mentioned, shares of AbraSilver are trending higher following the announcement. On the TSX, ABRA is up 11.9% to $3.48, while U.S.-listed shares (ABBRF) are trading 9.41% higher at $2.50 in mid-morning trading.
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