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Project: | San Marcial | |
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Deposit: | San Marcial | |
Location: | Mexico | |
Commodities: | Gold-Silver-Lead-Zinc | |
Date: | 10/30/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 30-10-2018: Goldplay Exploration Ltd. announces an Exploration/Drilling Update report for its San Marcial deposit at the San Marcial project. old drillholes new assay results incl. 61m @ 46.8g/t Ag, 0.3% Pb, 0.6% Zn, 0.02g/t Au from 50m. VANCOUVER, Oct. 3 | |
Resources: | x | |
CP/QP: | [Overall Report]: Mario Fonseca (Internal) | |
ABSTRACT: | VANCOUVER, Oct. 30, 2018 /CNW/ - Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF) ("Goldplay" or the "Company") is pleased to announce positive results from sampling of the historical core drill holes completed in 2010 ("historical core"), from the Company's San Marcial Project in Mexico. The results support open pit potential for the initial 500-meter-long historical NI 43-101 resource area ("historic resource"). Results reveal a much wider mineralized zone along strike and down-dip than originally modelled in the historic resource with opportunities for expansion. Goldplay President and CEO Marcio Fonseca commented, "Our systematic sampling of available core (not previously sampled) has confirmed much wider and continuous mineralization than previous geological modelling part of the historic resource. The width and shallow depth of intersections associated with attractive grades, hosted in wide hydrothermal breccias and favorable topography, continue to reinforce the open pit development potential at San Marcial. The results also reinforce opportunities for future open pit development and upside exploration potential, as sampling is revealing new, wider polymetallic mineralized zones, continuous along strike and down dip, doubling the footprint of the previously modelled mineralized zone. The sampling results together with an updated geological interpretation are being incorporated in a new 3D Geological Model in preparation for a scheduled new resource estimation." The location of drill holes completed prior to the historical resource and the location of sampled drill holes SM-10-01, SM-10-05, SM-10-10, SM-10-13, SM-10-16, SM-10-17 and SM-10-19 are illustrated below (Figure 1). | |
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