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Goldplay Exploration Ltd.
Summary
| Project: | San Marcial | |
|---|---|---|
| Deposit: | Faisanes, Guacamayo | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 1/20/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-1-2020: Goldplay Exploration Ltd. announces an Exploration/Drilling Update report for its Faisanes, Guacamayo deposit at the San Marcial project. Drilling results incl. 28.70m @ <0.01g/t Au, 92g/t Ag from 0.00m. VANCOUVER, Jan. 20, 2020 /CNW/ - Goldpla | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marcio Fonseca (Internal) | |
| ABSTRACT: | VANCOUVER, Jan. 20, 2020 /CNW/ - Goldplay Exploration Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) ("GR Silver" or the "Company") is pleased to provide drilling results, as well as an update on exploration and current activities at the Company's San Marcial Silver-Gold Project ("San Marcial") in Sinaloa, Mexico. Results have been received from the 2019 core drilling program including a 28.7 m wide intersection containing 92 g/t silver (Ag). Following the successful 2019 drill program, GR Silver is preparing for its 2020 core drilling campaign, which will incorporate a maiden underground program, as well as surface drilling. GR Silver Mining President and CEO, Marcio Fonseca, commented, "After receiving the wide silver results at the Faisanes target from our 2019 drill program, we are pleased to announce that work has begun on our 2020 program. The first phase will involve underground drilling from the existing San Marcial tunnel, where work is already underway to provide drill access. High grade deep historical drill results suggest that the NI 43-101 resource is open at depth and could develop into a high-grade underground target below the near-surface resources. We remain steadfast in our goal to increase the silver resource at San Marcial. Coinciding with our name change from Goldplay Exploration Ltd. to GR Silver Mining Ltd., our team has commenced the due diligence reviews of data associated with agreements on two significant land packages that surround the San Marcial Project. The two projects being reviewed for acquisition consist of past-producing silver-gold mines, defined targets and ample grass-roots exploration opportunities. Upon successful incorporation of the La Trinidad and Plomosas projects, GR Silver Mining Ltd. is positioned to become a leading mining company in the "Gran" Rosario Mining District, with multiple advanced stage, high grade silver-gold projects." | |
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