AbraPlata receives highly accurate satellite surveying of its Diablillos property in northwestern Argentina
November 16 2017 - 8:45AM
AbraPlata Resource Corp (TSX.V:ABRA) (OTCQB:ABBRF)
(Frankfurt:1AH) ("AbraPlata" or the "Company") is pleased to
announce that PhotoSat has completed satellite surveying of the
Ag-Au Diablillos Project in the Salta Province and delivered all
the data to the company. The surveying was carried out using
stereo photos from the high-resolution DigitalGlobe WorldView-3
imaging satellite. The satellite survey consists of an elevation
point every meter, contours with 1m elevation intervals, and the
review and verification of the survey coordinates of 245 drill
holes on the property.
A PDF accompanying this announcement is available
at: http://www.globenewswire.com/NewsRoom/AttachmentNg/d1ba3d31-7e72-4044-b719-65c47f956860
“We are pleased to have had access to the
world’s highest quality image satellites and Photosat’s
cutting-edge satellite surveying technology to produce a high
quality base map for the Diablillos property,” commented
AbraPlata’s Chairman, Hernan Zaballa, adding that: “These
data form the foundation for the ongoing Preliminary Economic
Assessment and will greatly assist in the compilation and
interpretation of all past and current exploration data.”
The PhotoSat survey was registered to the ground
reference points collected by AbraPlata (Figure 1). The survey
elevations were converted to heights above the EGM2008 Geoid
(Figure 2). Stereo WorldView-3 satellite photos were then
taken on September 12, 2017, and the data were processed by
PhotoSat using their proprietary geophysical stereo satellite
elevation system. PhotoSat produced surveyed elevation
surfaces for the Diablillos property (Figure 3 and 4) to an
accuracy of 20cm in elevation.
About PhotoSat
Vancouver-based PhotoSat, founded in 1993, has
invented a new technology to produce highly accurate satellite
survey data. PhotoSat specializes in elevation surveying for civil
engineering infrastructure projects and the planning and design of
resource development projects. Their clients are oil and gas,
mining, oil sands, engineering, and environmental companies and
government agencies. PhotoSat’s expertise in geophysical data
processing methods combined with extensive experience has resulted
in the world’s most accurate satellite surveying. They have
delivered over 850 surveying projects, and produce data with better
than 20cm elevation accuracy. For more information about PhotoSat,
visit www.photosat.ca
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 expanding and advancing its
flagship Diablillos property, with an Indicated Resource of
81.3m oz Ag and 755k oz Au. 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.
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 information contained in
this news release.
ON BEHALF OF THE BOARD ABRAPLATA RESOURCE
CORP.
"Willem Fuchter"
Willem Fuchter President & Chief Executive Officer
For further information concerning this news
release, please contact:
Willem Fuchter
President &Chief Executive Officer
AbraPlata Resource
Corp.
Tel: +54.11.5258.0920
E-mail:
willem@abraplata.com
Rob BruggemanInvestor RelationsAbraPlata
Resource CorpTel: +1.416.884.3556Email: rob@abraplata.com
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.
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