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AbraPlata Resource Corp.
Summary
| Project: | Diablillos | |
|---|---|---|
| Deposit: | Oculto | |
| Location: | Argentina | |
| Commodities: | Gold-Silver | |
| Date: | 1/28/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 28-1-2020: AbraPlata Resource Corp. announces an Exploration/Drilling Update report for its Oculto deposit at the Diablillos project. Drilling results incl. 15.0m @ 10.4g/t Au, 285.7g/t Ag from 242m. Toronto - January 27, 2020: AbraPlata Resource Corp. (T | |
| Resources: | (Resource): 26.9Mt @ 93.0g/t Ag, 0.85g/t Au (Ind) and 1Mt @ 46.8g/t Ag, 0.89g/t Au (Inf) | |
| CP/QP: | [Overall Report]: William Fuchter (Internal) | |
| ABSTRACT: | Toronto - January 27, 2020: AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraPlata" or the “Company”) is pleased to announce assay results from the first two diamond drill holes completed at the Oculto deposit, located on its wholly-owned Diablillos project in Salta province, Argentina. The current drill program commenced in late November 2019 and is designed to improve the understanding the structural controls on high grade silver-gold mineralization and evaluate the potential for additional high grade gold mineralization beneath the current mineral resource (see Table 2). John Miniotis, President and CEO of AbraPlata, commented, “We are delighted with the multiple highgrade intercepts encountered in our first two drill holes at Oculto. These initial drill results confirm that Oculto has high grade silver and gold zones over broad widths. These drill results also support our geological model, wherein high grade mineralization is strongly correlated with structures, which are now confirmed to extend into the basement. This understanding will aid in our targeting of additional high grade zones within and adjacent to the Oculto deposit, notably under cover, as well as assist with regional exploration work on the Diablillos property. We anticipate conducting additional drilling with the goal of growing the current resources and look forward to announcing further results from this exciting drill program.” | |
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