Abraplata Engages Consultants FOR Preliminary Economic Assessment of the Diablillos AG-Au Project IN Argentina
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ABRAPLATA ENGAGES CONSULTANTS FOR PRELIMINARY ECONOMIC
ASSESSMENT OF THE DIABLILLOS Ag-Au PROJECT IN ARGENTINA
Buenos Aires – August 4 , 2017, - AbraPlata Resource Corp ("AbraPlata" or the "Company") (TSX-V:
ABRA; OTCQB: ABBRF; Frankfurt: 1AH) is pleased to announce that it has engaged Roscoe Postle
Associates (“RPA”) of Toronto, Canada and GR Engineering Services L imited (“GRES”) of Perth, Australia
to undertake a Preliminary Economic Assessment (“PEA” ) of the Diablillos Ag -Au project located in
southern Salta Province in northwestern Argentina.
Diablillos Project
The Diablillos property covers an area of some 79km2 and hosts epithermal precious metal
mineralization in nine mineral occurrences. One of these, the Oculto Deposit, contains all the Indicated
Resources known from the property which, as recently estima ted by RPA, amounts to 27.7m tonnes at a
grade of 91.2g/t Ag and 0.85g/t Au and containing 81.3m oz Ag and 755k oz Au (ie, 135m oz AgEq or
1.9m oz AuEq) . In ad dition, the Company is currently drilling -off additional mineralization at the
Fantasma Mineralized Zone some 800m west of Oculto with a view to further defining and expanding
the existing resource base from the property . This will allow AbraPlata to esta blish the parameters
necessary for undertaking a PEA which will be completed by RPA and GRES over the next three to four
months.
Preliminary Economic Assessment (PEA)
The PEA to be prepared by RPA and GRES will cover all aspects of the Diabilillos project that would
typically be addressed in a scoping study . More specifically, RPA will be responsible for preparing land
and permit requirements, geology and resources (including a new resource estimate for the property),
all mining aspects (including mine des ign and optimization, mining methods and equipment, and waste
rock disposal procedures), and life -of-mine plan. GRES will provide inputs with respect to preliminary
process design criteria, process flow diagrams, general arrangement drawings, mechanical equipment
lists, material take -offs, leach pad and tailings storage facility, and supporting infrastructure (roads,
power, water, buildings, etc). The report will also include after -tax cash flow forecasts and cash flow
sensitivity to key inputs.
“We are pleased to have RPA and GRES assist AbraPlata with the PEA ” commented Hernan Zaballa,
Executive Chairman of AbraPlata, “ Both of these highly skilled and reputable firms have individual team
members that have a wealth of professional experience on a variety of diverse projects in Latin America.
We are looking forward to working closely with them as we continue to advance the Diablillos project
through an increasingly detailed analysis of its development potential”.
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Qualified Person
Willem Fuchter, PhD P Geo, 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.
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 assembl ed 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 explora tion
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.
About RPA
RPA is a global mining consultant with offices in Canada, t he United States, and United Kingdom. The
company provides services to the mining industry at all stages of project development from exploration
and resource evaluation through scoping, prefeasibility and feasibility studies, financing, permitting,
construction, operatio n, closure and rehabilitation. RPA advises major mining companies, mid -cap
producers, junior mining and exploration companies, financial institutions, governments, law firms, and
individual investors on the technical and commercial aspects of mineral property development.
About GRES
GR Engineering Services Limited is a medium-sized, ASX- listed (ASX: GNG) process design and
engineering contractor specialising in providing engineering design and construction services to the
mineral processing industry. Headquartered in Perth, Western Australia, GRES has successfully
delivered EPC fixed price projects and EPCM services into a large number of projects which have been
located in many different countries and regions. GRES has teams of highly experienced technical and
engineering professionals and broad experience in the compilation of feasibility studies.
ON BEHALF OF THE BOARD
ABRAPLATA RESOURCE CORP.
"Willem Fuchter"
Willem Fuchter
President & Chief Executive Officer
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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]
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 actua l 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 for ward-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.