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Goldplay Exploration Ltd.
Summary
| Project: | El Habal | |
|---|---|---|
| Deposit: | El Habal | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 10/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-10-2018: Goldplay Exploration Ltd. announces an Exploration/Drilling Update report for its El Habal deposit at the El Habal project. Drill results incl. 5.20m @ 0.66g/t Au from 6.0m. VANCOUVER, Oct. 5, 2018 /CNW/ - Goldplay Exploration Ltd. (TSXV: GPLY, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mario Fonseca (Internal) | |
| ABSTRACT: | VANCOUVER, Oct. 5, 2018 /CNW/ - Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF - the "Company" or "Goldplay") is pleased to provide a corporate update on the Company's Mexican projects. While the current focus is on updating the resource on the San Marcial Project, plans are being finalized for the exploration of new targets on the El Habal Project, both located in the rich Rosario Mining District of Sinaloa, Mexico. In the short period since Goldplay announced its acquisition of the San Marcial Project from SSR Mining (TSX: SSRM) back in May 2018, the Company's technical team has been rapidly reviewing existing data on the project to uncover its full potential. Earlier this year, historical drill core from 22 drill holes completed in 2010, was unearthed by the Company, having been stored away in a neighboring State and was relocated to the Company's base in Sinaloa. Goldplay now has possession of all the existing drill core from the San Marcial Project. In the process of re-logging the old core, Goldplay found many of the 2010 drill holes had not previously been fully sampled, or were only partially sampled. The Company's geologists determined that many zones of unsampled core contained prospective mineralization. This has provided the Company with a valuable asset – a library of "new" drill core that has the potential to expand the size of the San Marcial deposit at very low cost. Goldplay initiated an aggressive core sampling program to quickly assess the potential of the previously unsampled core, as well as undertaking a number of re-sampling tests to validate historical assays. | |
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