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Goldplay Exploration Ltd.
Summary
| Project: | El Habal | |
|---|---|---|
| Deposit: | El Habal | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 8/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-8-2018: Goldplay Exploration Ltd. announces an Exploration/Drilling Update report for its El Habal deposit at the El Habal project. Drill results incl. 77.5m @ 0.43g/t Au from 0m. August 1, 2018, Vancouver, BC - Goldplay Exploration Ltd. (TSXV: GPLY, OT | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mario Fonseca (Internal) | |
| ABSTRACT: | August 1, 2018, Vancouver, BC - Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF - the “Company” or “Goldplay”) is pleased to announce initial results of four drill holes of the Company’s first phase of its core drilling program, at its 100%-owned El Habal Project, Sinaloa, Mexico. The program has successfully identified near-surface continuity of gold mineralization. Four drill holes were completed at El Habal, totaling 1045.85 meters. Highlights include: Goldplay President and CEO Marcio Fonseca commented, “Goldplay’s objective is to define the geometry and controls of mineralization at El Habal within the 6 km-long prospective corridor, expanding gold mineralization both along strike and down dip. We are pleased with the progress the Company has made towards advancing this goal. The next step will be a follow up drill program”. The drill intercepts have revealed wide gold mineralization hosted in a series of altered rhyolites, andesites and intrusives. The mineralization represents a high-level gold system hosted in a volcanic sequence with intrusive (granitoids) and related hydrothermal fluids. The alteration zone on surface combined with a series of mineralized breccias, structures/fault zones suggests placement at high-level, low-pressure brittle regime with hydrothermal fluids occurring within multiple regional fault structures present in the 6km-long mineralized corridor. The location of drill holes 18EH -1 to 18 EH-4 are shown in the figure below, in relation to recently announced trench results (see news release June 5, 2018) and historical old workings. | |
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