AbraPlata intersects 1237g/t Ag in ongoing drilling at Diablillos in Argentina
September 12 2017 - 9:00AM
AbraPlata Resource Corp. (TSX.V:ABRA) (OTCQB:ABBRF) (Frankfurt:1AH)
("AbraPlata" or the "Company") is pleased to report that it
intersected
168.5g/t Ag over 29m (from 74m – 104m
down the hole), including
707.0g/t Ag over 3m
(from 79m – 82m) in which a single sample returned
1237g/t
Ag over 1m in ongoing drilling at the Fantasma Mineralized
Zone on its Diablillos property in northwestern Argentina.
These results form part of the third batch of samples received from
SGS laboratories (see Table 1) for holes DDH-17-137 through
DDH-17-142 (Figures 1, 2, & 3), and refer to hole DDH-17-142
(Figure 1) which was collared 65m due W of DDH-17-128 (the
first hole of the current campaign and subject of news release
dated August 1, 2017); DDH-17-142 was angled at -60° along an
azimuth of 045°.
Hole DDH-17-141 (Figure 2), which was collared
30m SW of DDH-17-128 and was also angled at -60° along an azimuth
of 045°, intersected 159.0g/t Ag over 8m (from 53m
– 61m), including a single sample that returned
519g/t Ag over 1m. Hole DDH-17-140 (Figure
2), collared 50m N of DDH-17-128, intersected 94.6g/t Ag
over 30m (from 28m – 58m), including 243.7g/t Ag
over 3m (from 36m – 39m), and was angled at -50° along an
azimuth of 225°. Hole DDH-17-137 (Figure 3), collared some
150m due E of hole DDH-17-128, was angled at -60° along an azimuth
of 225°, and intersected 208.2g/t Ag over
19m (from 62m – 81m down the hole), including
382.0g/t Ag over 7m (from 69m – 76m) in which a
single sample returned 622g/t Ag over
1m. Holes DDH-17-138 and DDH-017-139
encountered zones of alteration but did not intersect any
significant mineralization.
“We are extremely pleased that the results from
the lab continue to build a picture of a spatially coherent body of
mineralization at Fantasma,” commented AbraPlata’s Executive
Chairman, Hernan Zaballa. “Moreover, the data received to date
suggest that a core of mineralization, grading in the region of 100
– 200g/t Ag, underlies the lower grade zone of mineralization of
some 30 – 60g/t Ag intersected closer to surface in the upper part
of previously reported holes NW of reference hole DDH-17-128”.
Sampling Procedures & Quality
Control Protocols
AbraPlata applies industry standard exploration
methodologies and techniques, and all drill core samples are
collected under the supervision of the Company’s geologists in
accordance with industry practices. Drill core is transported
from the drill platform to the logging facility where drill data is
compared and verified with the core in the trays. Thereafter,
it is logged, photographed, and split by diamond saw prior to being
sampled. Samples are then bagged, and quality control
materials are inserted at regular intervals; these include blanks
and certified reference materials as well as duplicate core samples
which are collected in order to measure sample
representivity. Groups of samples are then placed in large
bags which are sealed with numbered tags in order to maintain a
chain-of-custody during the transport of the samples from the
project site to the laboratory.
All samples are received by the SGS offices in
Salta who then dispatch the samples to the SGS preparation facility
in San Juan. From there, the prepared samples are sent to the
SGS laboratory in Lima, Peru where they are analyzed. All samples
are analyzed using a multi-element technique consisting of a four
acid digestion followed by ICP/AES detection, and gold is analyzed
by 50g Fire Assay with an AAS finish. Silver results greater
than 100g/t are reanalyzed using four acid digestion with an ore
grade AAS finish.
An independent party has been appointed to
review and report on the QA/QC program at the project.
Qualified Person
Willem Fuchter, PhD PGeo, President & CEO of
AbraPlata Resource Corp. and a qualified person as defined by
National Instrument 43-101 Standards of Disclosure for Mineral
Projects, has reviewed and approved the scientific and technical
information contained in this news release.
About AbraPlata
Abraplata is a junior mining exploration company
focused on delivering shareholder returns by unlocking mineral
value in Argentina. The Company's experienced management team
has assembled an outstanding portfolio of gold, silver and copper
exploration assets, and is focused on advancing its flagship
Diablillos property, with an indicated resource of 81.3m oz Ag and
755k oz Au, through the various stages of feasibility. In
addition, AbraPlata owns the highly prospective Cerro Amarillo
property with its cluster of five mineralized Cu-(Mo-Au) porphyry
intrusions located in a mining camp hosting the behemoth El
Teniente, Los Bronces, and Los Pelambres porphyry Cu-Mo deposits.
Further exploration work is also planned for the Company’s Samenta
porphyry Cu-Mo property south of First Quantum’s TacaTaca project
as well as its Aguas Perdidas Au-Ag epithermal property.
ON BEHALF OF THE BOARD ABRAPLATA RESOURCE
CORP.
"Willem Fuchter"
Willem Fuchter President & Chief Executive Officer
This news release includes certain
"forward-looking statements" under applicable Canadian securities
legislation. Forward-looking statements are necessarily based upon
a number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking statements. All statements that address future
plans, activities, events or developments that the Company
believes, expects or anticipates will or may occur are
forward-looking information. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information about AbraPlata and its
projects, please visit the Company’s website at
www.abraplata.com.
A PDF accompanying this release is available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/73741b01-a194-4802-84f7-901c5071970e
For further information concerning this news release, please
contact:
Willem FuchterPresident & Chief Executive
Officer
AbraPlata Resource Corp.
Tel: +54.11.5258.0920E-mail:
willem@abraplata.com
Karl Cahill|VP Investor Relations
AbraPlata Resource Corp. Tel: +1.858.531.6100Email:
karl@abraplata.com
Abra Silver Resource (TSXV:ABRA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Abra Silver Resource (TSXV:ABRA)
Historical Stock Chart
From Jul 2023 to Jul 2024