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AbraPlata Resource Corp.
Summary
| Project: | Diablillos | |
|---|---|---|
| Deposit: | Diablillos | |
| Location: | Argentina | |
| Commodities: | Gold-Silver | |
| Date: | 3/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 2-3-2018: AbraPlata Resource Corp. announces a PEA report for its Diablillos deposit at the Diablillos project. Updated resource and PEA results incl. post-tax NPV of US $197M (7.5%), IRR of 30.2% . Roscoe Postle Associates Inc. (RPA) was retained by Abra | |
| Resources: | (Resource): 27.1Mt @ 93.1g/t Ag, 0.84g/t Au (Ind.) and 1.1Mt @ 48.8g/t Ag, 0.83g/t Au (Inf.) | |
| CP/QP: | [Resources]: David Rennie (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by AbraPlata Resource Corp. (AbraPlata) to complete a Preliminary Economic Assessment (PEA) and an independent Technical Report on the Diablillos Silver-Gold Project (the Project), located in Salta, Argentina. The purpose of this Technical Report is to support the public disclosure of PEA results. RPA visited the property on August 9, 2017. The Diablillos property is located in the Puna of Argentina, in the southern part of Salta Province, approximately 160 km southwest of the city of Salta. The property comprises 16 contiguous and overlapping mineral leases acquired by AbraPlata in 2016 from Silver Standard Resources Inc. (SSRI) as well as through the acquisition of 100% of the interest in Cerro Bayo SA in 2017, and hosts several known occurrences of epithermal gold-silver mineralization. Exploration work, conducted by a number of operators over the history of the Project, includes 87,711 m of diamond and reverse circulation (RC) drilling in 476 holes. This drilling has delineated the Oculto deposit, a weathered high-sulphidation epithermal gold-silver deposit hosted primarily in Tertiary volcanic and sedimentary rocks, and, more recently, the Fantasma deposit, a satellite zone of silver-rich epithermal mineralization, located approximately 800 m west of Oculto. | |
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