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Goldplay Exploration Ltd.
Summary
| Project: | San Marcial | |
|---|---|---|
| Deposit: | San Marcial | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 9/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-9-2018: Goldplay Exploration Ltd. announces an Exploration/Drilling Update report for its San Marcial deposit at the San Marcial project. Drill results incl. 32.4m @ 57g/t Ag, 0.1% Pb, 0.4% Zn, 0.04g/t Au from 69.9m. VANCOUVER, Sept. 18, 2018 /CNW/ - G | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mario Fonseca (Internal) | |
| ABSTRACT: | VANCOUVER, Sept. 18, 2018 /CNW/ - Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF - the "Company" or "Goldplay") is pleased to announce additional results from sampling of the historical core drill holes, completed in 2010, from the Company's San Marcial Project in Mexico. The Company has confirmed upside potential for resource expansion with advancement of the sampling program, new 3D geological modelling and discovery of new precious and base metals mineralization at San Marcial. The new results expand known mineralization 200 meters down dip beyond the historic NI 43-101 resource area ("historic resource") and also delineate a new discovery subparallel to the main mineralized zone, increasing twice the footprint of mineralization, as illustrated in Figures 1 and 2. Goldplay President and CEO Marcio Fonseca commented, "The San Marcial exploration program continues to deliver near surface, wide and high-grade intersections supporting not only open pit, but also underground, potential. We have now received information confirming continuity of a mineralized system for more than 200 meters down dip, beyond the extent of the historic resource, as well as the discovery of a sub-parallel mineralized system that has the potential to expand the resource, generating new Ag-Au drilling targets( Figure 2). We are currently advancing surface exploration of other untested targets along the 3.5 km mineralized trend (and beyond the 500 meter long mineralized trend of the historic resource). The discovery of Ag-Au and Au-only mineralization, represented mainly by a stockwork system hosted in silicified volcanic, has doubled the footprint of precious and base metal mineralization, creating a near surface additional open pit target zone with indications of high-grade mineralization for future underground target exploration." Drill hole SM-10-09 intersected three zones near surface (7.8 meters @ 181 g/t AgEq, 18.7 meters @ 91 g/t AgEq and 16.5 meters @ 52 g/t AgEq) together with drill holes SM-10-06 (46 meters @ 129 g/t AgEq – News Release August 28 th 2018) and SM-10-22 (19.5 meters @ 157 g/t AgEq –* including 1.5 meters @ 1,285 g/t AgEq – News Release August 16 th 2018), confirming continuity of mineralization 200 meters down dip. These results indicate an immediate area for expansion of the estimated resources, scheduled for completion in 2018. | |
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