Abraplata Acquires Overlapping Mineral Rights to Preserve Title to the Diablillos AG-Au Project IN Argentina
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ABRAPLATA ACQUIRES OVERLAPPING MINERAL RIGHTS TO PRESERVE TITLE TO
THE DIABLILLOS Ag-Au PROJECT IN ARGENTINA
Buenos Aires – September 6, 2017, - AbraPlata Resource Corp ("AbraPlata" or the "Company" ) (TSX-V:
ABRA; OTCQB: ABBRF; Frankfurt: 1AH) is pleased to announce that it has completed the definitive
documentation necessary to acquire all of the issued and outstanding shares of Minera Cerro Bayo SA
(“Cerro Bayo”), a privately held Argentine company. The transaction was originally announced in the
Company's news release dated July 12, 2017. Cerro Bayo owns certain mineral rights that, as a result of
a long-standing border dispute between two neighbouring provinces in northwestern Argentina, overlap
and potentially conflict with the Company's mineral rights to its Diablillos Ag -Au project. The acquisition
of the potentially conflicting mineral rights through the acquisiti on of Cerro Bayo means that the
Company will retain its title to the Diablillos Ag -Au project regardless of the ultimate outcome of the
provincial border dispute.
Terms of the transaction call for the Company to pay a total of US$3,325,000 in cash and issue 500,000
common shares of the Company to the sellers of Cerro Bayo in instalment s over a five year period . The
transaction is subject to approval by the TSX Venture Exchange.
Additional details respecting the provincial border dispute and the potentially conflicting titles to the
Diablillos property can be found in the Company's news release dated July 12, 2017 and the Filing
Statement dated March 1, 2017, copies of which are filed under the Company's profile on SEDAR
(www.sedar.com).
About AbraPlata
Abraplata is a junior mining exploration company focused on delivering shareholder ret urns 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 r esource of 81.3m oz Ag and 755k oz Au, through the
various stages of feasibility. In addition, AbraPlata owns the 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, located south of
First Quantum’s TacaTaca project, as well as its Aguas Perdidas Au-Ag epithermal property.
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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 Karl Cahill
President & Chief Executive Officer VP Investor Relations
AbraPlata Resource Corp. AbraPlata Resource Corp
Tel: +54.11.5258.0920 Tel: +1.858.531.6100
E-mail: [email protected] Email: [email protected]
Qualified Person
Willem Fuchter, PhD PGeo, President and 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.
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 more information on AbraPlata go to: www.abraplata.com