-- Published: Tuesday, 12 September 2017 | Print | Disqus
BUENOS AIRES, Argentina, Sept. 12, 2017 (GLOBE NEWSWIRE) -- AbraPlata Resource Corp. (ABRA.V) (ABBRF) (1AH.F) ("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.
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.
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.
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:
President & Chief Executive Officer
AbraPlata Resource Corp.
VP Investor Relations
AbraPlata Resource Corp.
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-- Published: Tuesday, 12 September 2017 | E-Mail | Print | Source: GoldSeek.com