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Results from a further two holes remain pending and are expected to be received sometime in mid-September. As announced on
Table 1 - DDH 20-002 and DDH 20-003 Drill Result Highlights:
--------------------------------------------------------------------------- |Drill | |From|To |Type |Interval|True |Au |Ag |Cu | |Hole | |(m) |(m) | |(m) |Width|g/t |g/t |% | | | | | | | |(m) | | | | |-------------------------------------------------------------------------| |DDH-20-002| |246 |247 | |1 |0.8 |0.12 |160.0|0.39| | | | | |Sulphides| | | | | | |-------------------------------------------------------------------------| |DDH-20-002| |337 |349 |Sulphides|12 |9.6 |1.14 |13.4 |2.56| |-------------------------------------------------------------------------| |DDH-20-002|including|342 |346 |Sulphides|4 |3.2 |2.70 |22.1 |2.84| |-------------------------------------------------------------------------| |DDH-20-003| |70 |87 |Oxides |17 |13.6 |2.33 |20.6 |- | |-------------------------------------------------------------------------| |DDH-20-003| |267 |289 |Oxides |22 |17.6 |4.22 |25.3 |- | |-------------------------------------------------------------------------| |DDH-20-003|including|282 |283 |Oxides |1 |0.8 |31.17|60.4 |- | |-------------------------------------------------------------------------| |DDH-20-003| |318 |321 |Oxides |3 |2.4 |2.36 |29.3 |- | |-------------------------------------------------------------------------| |DDH-20-003| |346 |349 |Oxides |3 |2.4 |2.37 |13.4 |- | |-------------------------------------------------------------------------| |DDH-20-003| |405 |407 |Sulphides|2 |1.6 |3.34 |28.3 |4.49| |-------------------------------------------------------------------------| |DDH-20-003| |428 |434 |Sulphides|6 |4.8 |0.77 |- |1.11| |-------------------------------------------------------------------------| |DDH-20-003| |446 |446.5|Sulphides|0.5 |0.4 |0.52 |- |6.30| ---------------------------------------------------------------------------
Note: True widths are estimated to be 80% of the interval widths.
The highlighted gold, silver and copper intercepts are shown on cross sections in Figures 2 and 3. A summary table of the full assay results is included in Annex 1.
Figure 1 - Drill Holes completed in 2019/20, with Proposed Drill Holes in the
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Figure 2 - Cross-Section (Looking East) with Highlighted Intercepts in Hole DDH 20-002
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Figure 3 - Cross-Section (Looking East) with Highlighted Intercepts in Hole DDH 20-003
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Native Silver Mineralization
The Company's geologists have visually identified native silver mineralisation at a depth of 228 metres in Hole DDH 20-006, which is part of our ongoing drilling program. It is very unusual to see native silver in drill core, but where previously identified it represents individual one metre sample values of in excess of 500g/t. High grade silver could be expected in the vuggy silica at this depth, which in Hole DDH 20-006 is a part of the deeper gold zone hosted in a hydrothermal breccia intercept over 50 metres thick.
It is noted that Hole DDH 19-002, as reported by the Company on
Figure 4 - Native Silver Mineralization To Be Confirmed in Hole DDH 20-006; (Note: Photo is 10cm Across)
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Figure 5 - Hand Lens View of Native Silver
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Strategy for Drilling and Resource Expansion
The Phase II drilling program which is currently underway is expected to continue through
About Diablillos
The 80 km2Diablillos property is located in the Argentine Puna region - the southern extension of the Altiplano of southern
Table 2 - 2018 Mineral Resource Estimate for the Oculto Deposit,
--------------------------------------------------------- |Category |Tonnage|Ag |Au |Contained Ag|Contained Au| | |(000 t)|(g/t)|(g/t)|(000 oz Ag) |(000 oz Au) | |-------------------------------------------------------| |Indicated|26,900 |93.0 |0.85 |80,300 |732 | |-------------------------------------------------------| |Inferred |1,000 |46.8 |0.89 |1,505 |29 | ---------------------------------------------------------
Effective
QA/QC and Core Sampling 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
Qualified Persons
ANNEX 1 - Drill Result Summary of HolesDrilled in 2019/2020 Phase I Exploration Program.
------------------------------------------------------------ |Drill |From |To |Intercept|Thickness|Ag |Au |Cu | |Hole |(m) |(m) |(m) |(m) |(g/t)|(g/t)|(%) | |----------------------------------------------------------| |DDH | | | | | | | | |19-001 | | | | | | | | |----------------------------------------------------------| | |166.0|231.0|65.0 |54.20 |105 |0.20 |- | |----------------------------------------------------------| |including|201.0|204.0|3.0 |2.50 |346 |0.30 |- | |----------------------------------------------------------| | |302.0|312.0|10.0 |8.0 |10 |0.08 |0.86| |----------------------------------------------------------| | |326.0|327.0|1.0 |0.83 |48 |0.93 |1.76| |----------------------------------------------------------| | |353.0|354.0|1.0 |0.83 |15 |6.93 |0.54| |----------------------------------------------------------| | | | | | | | | | |----------------------------------------------------------| |DDH | | | | | | | | |19-002 | | | | | | | | |----------------------------------------------------------| | |56.0 |78.0 |22.0 |18.33 |17 |2.74 |- | |----------------------------------------------------------| |including|57.0 |60.0 |3.0 |2.50 |104 |2.91 |- | |----------------------------------------------------------| | |137.5|155.0|17.5 |14.58 |604 |0.10 |- | |----------------------------------------------------------| | |180.0|200.0|20.0 |16.67 |140 |0.03 |- | |----------------------------------------------------------| | |242.0|257.0|15.0 |12.50 |286 |10.42|- | |----------------------------------------------------------| |including|250.0|257.0|7.0 |5.83 |202 |20.64|- | |----------------------------------------------------------| | |367.0|376.0|9.0 |4.50 |49 |7.31 |1.28| |----------------------------------------------------------| |including|371.0|376.0|5.0 |2.50 |17 |11.27|1.48| |----------------------------------------------------------| | |369.0|400.0|31.0 |25.00 |25 |2.27 |1.30| |----------------------------------------------------------| | |438.0|450.0|12.0 |6.00 |24 |0.47 |1.60| |----------------------------------------------------------| | | | | | | | | | |----------------------------------------------------------| |DDH | | | | | | | | |20-001 | | | | | | | | |----------------------------------------------------------| | |146 |160 |14.0 |11.20 |133 |0.10 |- | |----------------------------------------------------------| | |165 |191 |26.0 |20.80 |264 |0.03 |- | |----------------------------------------------------------| | |261 |290 |29.0 |23.20 |430 |4.30 |2.77| |----------------------------------------------------------| |including|261 |275 |14.0 |11.20 |197 |6.40 |2.53| |----------------------------------------------------------| |including|278 |282 |15.0 |12.00 |658 |2.35 |5.10| |----------------------------------------------------------| | | | | | | | | | |----------------------------------------------------------| |DDH | | | | | | | | |20-002 | | | | | | | | |----------------------------------------------------------| | |246 |247 |1.0 |0.8 |160 |0.12 |0.39| |----------------------------------------------------------| | |337 |349 |12.0 |9.6 |13 |1.14 |2.56| |----------------------------------------------------------| |including|342 |346 |4.0 |3.2 |22 |2.70 |2.84| |----------------------------------------------------------| | | | | | | | | | |----------------------------------------------------------| |DDH | | | | | | | | |20-003 | | | | | | | | |----------------------------------------------------------| | |70 |87 |17 |13.6 |20.6 |2.33 | | |----------------------------------------------------------| | |267 |289 |22 |17.6 |25.3 |4.22 | | |----------------------------------------------------------| |including|282 |283 |1 |0.8 |60.4 |31.17| | |----------------------------------------------------------| | |318 |321 |3 |2.4 |29.3 |2.36 | | |----------------------------------------------------------| | |346 |349 |3 |2.4 |13.4 |2.37 | | |----------------------------------------------------------| | |405 |407 |2 |1.6 |28.3 |3.34 |4.49| |----------------------------------------------------------| | |428 |434 |6 |4.8 |- |0.77 |1.11| |----------------------------------------------------------| | |446 |446.5|0.5 |0.4 |- |0.52 |6.30| ------------------------------------------------------------
Collar Data
----------------------------------------------------------- |Hole |UTM Coordinates |Elevation|Azimuth|Dip|Depth| |Number | | | | | | |---------------------------------------------------------| |DDH 19-001|X 720293|Y 7199273|4315 |0 |-60|380 | | | | | | | |m | |---------------------------------------------------------| |DDH 19-002|X 720295|Y 7199404|4300 |0 |-60|464 | | | | | | | |m | |---------------------------------------------------------| |DDH 20-001|X 720197|Y 7199235|4267 |0 |-60|359 | | | | | | | |m | |---------------------------------------------------------| |DDH 20-002|X |Y 7201810|4272 |0 |-60|450 | | |3418275 | | | | |m | |---------------------------------------------------------| |DDH 20-003|X |Y |4332 |0 |-60|500 | | |3418375 |7202035 | | | |m | | | | | | | | | | | | | | | | | -----------------------------------------------------------
About AbraPlata
AbraPlata is a mineral exploration company with a diversified portfolio of silver-gold and copper exploration projects in
For further information please visit the
-------------------------------- |John Miniotis , President&CEO| | |john@abraplata.com | | |Tel: +1416-306-8334 | | | | | --------------------------------
Cautionary Statements
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
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