AbraPlata Commences 5,000 Metre Drilling Program at Diablillos Silver-Gold Project
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AbraPlata Commences 5,000 Metre Drilling Program at Diablillos Silver-Gold Project
Toronto - August 12, 2020: AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraPlata"
or the “Company”) is pleased to announce the commencement of Phase 2 drilling at its 100% owned
Diablillos silver-gold project, located in the mining-friendly Salta Province of Argentina.
This phase of the diamond drilling program is expected to consist of 10 holes, totalling approximately
5,000 metres. The drilling has two main objectives, being to explore for additional high grade gold and
silver mineralisation to augment the current oxide resources at the Oculto Zone and adjacent areas, and
also to test for the continuity of underlying copper-gold sulphide mineralisation which may be linked to a
porphyry intrusive that would have been the source of mineralising fluids.
David O’Connor, Chief Geologist of the Company, stated “We anticipate adding tonnage and grade to
the gold and silver resources, both within the Oculto Zone and at satellite areas that have only had very
limited or no drill testing. We are also excited about our continued exploration of the hypogene
mineralisation underlying oxide mineralization in the Oculto Zone, and has the potential to be a
substantially larger resource.”
Priority Targets
The first priority target area consists of the core Oculto Zone, which hosts the majority of the currently
known silver-gold mineralization, as well as satellite areas (Laderas, Northeast Gold Zone, Zorro, Cerro
Bayo and Cerro Bayo East). The proposed drill holes are shown on Figure 1 below. A detailed ground
magnetic survey is planned to help define drill targets based on interpreted structures at depth combined
with recently mapped outcropping siliceous breccia zones in these satellite areas.
The second priority target area consists of the sulphide mineralisation beneath the oxide resources in
the Oculto Zone, which is hosted in Ordovician basement rocks comprised of granitoids and meta-
sediments (see Figure 2). Based on recent drilling, these rocks have responded differently to the injection
of mineralising fluids, with the north-eastern meta-sediments and granitoids being less restrictive. This is
a new target area.
Timing of Phase 1 Drilling Results
The Company expects to receive results from the previously completed four drill holes over the next
several weeks, at which stage the Company will provide an update. Sample shipments to the assay lab
have been delayed due to increased transportation safety protocols associated with COVID-19
preventative measures, resulting in slower turnaround for assay results.
220 Bay Street, Suite 550, Toronto, ON, M5J 2W4
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Figure 1 – Proposed Drill Holes in the Oculto Zone and Satellite Areas
Figure 2 – Long Section Through The Oculto Zone Showing Gold Intercepts
220 Bay Street, Suite 550, Toronto, ON, M5J 2W4
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About Diablillos
The 80 km 2 Diablillos property is located in the Argentine Puna region - the southern extension of the
Altiplano of southern Peru, Bolivia, and northern Chile - and was acquired from SSR Mining Inc. by the
Company in 2016. There are several known mineral zones on the Diablillos property, with the Oculto
zone being the most advanced with approximately 85,000 metres drilled in 306 RC and diamond drill
holes. Oculto is a high-sulphidation epithermal silver-gold deposit derived from remnant hot springs
activity following Tertiarty-age local magmatic and volcanic activity. Comparatively nearby examples of
high sulphidation epithermal deposits include: El Indio, Chile; Veladero, Argentina; Filo del Sol,
Argentina; and Pascua Lama, on the Chile-Argentine border.
David O’Connor P.Geo., Chief Geologist for AbraPlata, is the qualified person as defined by National
Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific
and technical information in this news release.
About AbraPlata
AbraPlata is a mineral exploration company with a diversified portfolio of silver-gold and copper exploration projects
in Argentina and Chile. The Company is focused on advancing its 100%-owned Diablillos silver-gold project in the
mining-friendly Salta province of Argentina, which is well-advanced, with more than US$35 million spent historically
on exploration with drilling ongoing and an initial open pit PEA completed in 2018. The Company is led by an
experienced management team and has long-term supportive shareholders including Altius Minerals and SSR
Mining. In addition, AbraPlata owns the Arcas project in Chile where Rio Tinto has an option to earn up to a 75%
interest by funding up to US$25 million in exploration. AbraPlata is listed on the TSX-V under the symbol “ABRA”.
For further information please visit the AbraPlata Resource website at http://www.abraplata.com or
contact:
John Miniotis, President & CEO
Tel: +1 416-306-8334
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 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 news release.
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220 Bay Street, Suite 550, Toronto, ON, M5J 2W4
www.abraplata.com