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: | 8/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-8-2018: Goldplay Exploration Ltd. announces an Exploration/Drilling Update report for its San Marcial deposit at the San Marcial project. Drill results incl. 46.0m @ 89g/t Ag, 0.3% Pb, 0.5% Zn from 148.7m. VANCOUVER, Aug. 28, 2018 /CNW/ - Goldplay Expl | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mario Fonseca (Internal) | |
| ABSTRACT: | VANCOUVER, Aug. 28, 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, on the Company's San Marcial Project in Mexico. The core sampling program continues to successfully identify an attractive, wide, near surface high-grade mineralized zone hosted in hydrothermal breccias close to major geological structures. A 0.5 m intercept from SM-10-06 returned an excellent result of 2,384 gpt AgEq, within a wider 46.0 m silver mineralized zone. Other highlights of the sampling from drill holes SM-10-06 and SM-10-21 include AgEq (silver equivalent) is calculated from gpt data. AgEq g/t = Ag g/t + Au g/t x (Ag Price per oz/ Au price per oz) + (Pb grade x ((Pb price per lb./Ag price per oz) x 0.0685714 lbs. per Troy Ounce x 10000 g per %)) +(Zn grade x ((Zn price per lb./Ag price per oz) x 0.0685714 lbs. per Troy Ounce x 10000 g per %)). Ag price per oz (US$16.50), Au price per oz (US$1250/oz), Pb price per lb. (US$0.95) and Zn price per lb. (US$1.15) and 100% Metallurgical Recovery. Goldplay President and CEO Marcio Fonseca commented, "Goldplay's systematic sampling of 22 existing core drill holes (previously only partially sampled) is confirming the upside potential for resource expansion, while delineating mineralized zones wide enough to support a high-grade bulk mineable open pit target at the San Marcial Project. The sampling program is progressing with pending results expected to lead to an updated resource estimation by the December quarter of 2018 | |
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