For thousands of other reports visit RSC's Mineral Intellingence Map
Goldplay Exploration Ltd.
Summary
| Project: | San Marcial | |
|---|---|---|
| Deposit: | San Marcial | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 8/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-8-2018: Goldplay Exploration Ltd. announces an Exploration/Drilling Update report for its San Marcial deposit at the San Marcial project. Drill results incl. 19.5m @ 143g/t Ag, 0.1% Pb, 0.2% Zn, 0.2g/t Au from 245.7m. VANCOUVER, Aug. 16, 2018 /CNW/ - G | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mario Fonseca (Internal) | |
| ABSTRACT: | VANCOUVER, Aug. 16, 2018 /CNW/ - Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF - the "Company" or "Goldplay") is pleased to announce initial results from sampling of the first of 22 historical core drill holes completed in 2010, on the Company's San Marcial Project in Mexico. These drill holes were not incorporated in the historical NI 43-101 resource completed in 2008 ("historical resource") and thus represent an opportunity for resource expansion. The results to date have successfully demonstrated continuity of the silver, lead, zinc and gold mineralization down dip and revealed new geological features, supporting upside opportunity for the discovery of new mineralized zones at San Marcial. The core sampling program has successfully identified a high-grade mineralized zone hosted in hydrothermal breccias close to major geological structures cross cutting a highly altered volcanic sequence. Highlights of results for the sampling of drill hole SM10-22 include. Goldplay President and CEO Marcio Fonseca commented, "Goldplay's systematic sampling of 22 existing core drill holes (previously only partially sampled) is aimed at expanding resources and delineating mineralized zones to support a high-grade bulk mineable open pit target at the San Marcial Project. We also expect to complete a detailed 3D geological and silver mineralization model. The core reviewed to date reveals a structurally controlled mineralized system, with silver mineralization associated with significant concentrations of lead, zinc and gold, hosted by hydrothermal breccias and fault zones. There is evidence of more than one mineralized event and epithermal features, which are common in the historic Rosario Mining District. The wide hydrothermal breccias hosting the mineralization are closely associated with faults and suggest a large orebody geometry favorable for low strip ratio open pit exploration targets. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report