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Goldplay Exploration Ltd.
Summary
| Project: | San Marcial | |
|---|---|---|
| Deposit: | San Marcial | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 9/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-9-2018: Goldplay Exploration Ltd. announces an Exploration/Drilling Update report for its San Marcial deposit at the San Marcial project. Drill results incl. 57.2m @ 57g/t Ag, 0.1% Pb, 0.4% Zn from 38m. VANCOUVER, Sept. 4, 2018 /CNW/ - Goldplay Explorat | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mario Fonseca (Internal) | |
| ABSTRACT: | VANCOUVER, Sept. 4, 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 Company continues to successfully identify attractive, wide, near surface high-grade mineralized zones defining a near surface target at San Marcial for future project development. Results from two additional holes have now been received. A 4.0 m intercept from SM-10-08 reported a high-grade zone of 589 gpt AgEq within a wider 19.0 m silver mineralized zone. Other highlights of the sampling from drill holes SM-10-03 and SM-10-08 include: SM-10-03, 57.2 meters @ 81 gpt AgEq Including 6.0 meters @ 293 gpt AgEq SM-10-08, 57.3 meters @ 90 gpt AgEq The following table highlights the most significant drill results (uncut) from SM-10-03 and SM-10-08 for this news release. 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, "Consistent high-grade, near surface silver results returned from the sampling of historical holes at the San Marcial Project continue to encourage the Company. Goldplay's drill core sampling program is advancing rapidly, and an updated resource estimation is scheduled for completion in the December quarter of 2018." The location of drill holes completed prior to the historical resource and the location of sampled drill holes SM-10-03 and SM-10-08 are illustrated as follows (Figure 1). | |
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