AbraPlata Intersects 17.5 Metres of 604 g/t Silver and 7.0 Metres of 20.6 g/t Gold and 202 g/t Silver at Diablillos Project
220 Bay Street, Suite 550, Toronto, ON, M5J 2W4
www.abraplata.com
AbraPlata Intersects 17.5 Metres of 604 g/t Silver and 7.0 Metres of 20.6 g/t Gold and 202
g/t Silver at Diablillos Project
Toronto - January 27, 2020: AbraPlata Resource Corp. (TSX.V:ABR A; OTCPK: ABBRF)
("AbraPlata" or the “Company”) is pleased to announce assay results from the first two diamond drill
holes completed at the Oculto deposit, located on its wholly-ow ned Diablillos project in Salta province,
Argentina. The current drill program commenced in late November 2019 and is designed to improve the
understanding the structural controls on high grade silver-gold mineralization and evaluate the potential
for additional high grade gold mineralization beneath the current mineral resource (see Table 2).
Table 1 - Drill Result Highlights:
Drill Hole
From
(m) To (m) Type
Interval
(m)
True
Width
(m)
Au
g/t Ag g/t
AgEq1
g/t
DDH‐19‐001 166 231
Oxides 65.0
54 0.2 104.9 102
DDH‐19‐001 including 201 204 Oxides 3.0 2 0.3 345.5 307
DDH‐19‐002 56 78 Oxides 22.0 18 2.7 16.8 220
DDH‐19‐002 137.5 155 Oxides 17.5 14.6 0.1 603.9 504
DDH‐19‐002 242 257 Oxides 15.0 12.5 10.4 285.7 1,017
DDH‐19‐002 including 250 257 Oxides 7.0 5.8 20.6 202.1 1,715
DDH‐19‐002 367 376 Sulphides 9.0 4.5 7.3 48.9 589
1 AgEq is calculated based on a gold to silver ratio of 75:1 and assumes average LoM recoveries of 86% Au and 82%
Ag from the 2018 PEA. For example, Silver Equivalent grade = (Ag grade * 82%) + (Au grade x 75 * 86%).
The highlight drill intercepts are shown on cross sections in F igures 1, 2 and 3. A summary table of the
full assay results from both drill holes is set out in Annex I.
John Miniotis, President and CEO of AbraPlata, commented, “We a re delighted with the multiple high-
grade intercepts encountered in our first two drill holes at Oc ulto. These initial drill results confirm that
Oculto has high grade silver and gold zones over broad widths. These drill results also support our
geological model, wherein high grade mineralization is strongly correlated with structures, which are now
confirmed to extend into the basement. This understanding will aid in our targeting of additional high
grade zones within and adjacent to the Oculto deposit, notably under cover, as well as assist with regional
exploration work on the Diablillos property. We anticipate cond ucting additional drilling with the goal of
growing the current resources and look forward to announcing fu rther results from this exciting drill
program.”
Table 2 - 2018 Mineral Resource Estimate for the Oculto Deposit, Diablillos Project
Category Tonnage
(000 t)
Ag
(g/t)
Au
(g/t)
Contained Ag
(000 oz Ag)
Contained Au
(000 oz Au)
Indicated 26,900 93.0 0.85 80,300 732
Inferred 1,000 46.8 0.89 1,505 29
Effective August 31, 2017. Full details of the Mineral Resources are available in a Company news release dated March 2,
2018. For additional information please see Technical Report on the Diablillos Project, Salta Province, Argentina, dated April
16, 2018, completed by Roscoe Postle Associates Inc, and available on www.SEDAR.com.
Figure 1 - 2019 Drill Holes and DDH-97-007A with Highlight Gold Intercepts (Section 8325E)
Figure 2 - 2019 Drill Holes and RC-97-053 with Highlight Gold Intercepts (Section 8325E)
Figure 3 - 2019 Drill Holes with Highlight Silver Intercepts (Section 8325E)
Hole DDH 19-002 Extends High Grade Gold Mineralization
The majority of the 85,000 metres drilled to date on the Oculto Deposit have targeted the volcanic rocks
and the unconformity above the basement rocks, where the vast m ajority of mineralization is in oxides.
Very little drilling has been done in the basement rocks, despi te hydrothermal breccias associated with
the mineralization projecting into the basement. Hole DDH 19-002 was designed to test for continuation
of high grade gold mineralization in a hydrothermal breccia (th e "West Breccia") beneath twinned holes
DDH 97-007A and RC-97-053. DDH-97-007A intersected 27.6 metres grading 8.24 g/t gold from 204.05
metres and 9.65 metres grading 1.97 g/t gold from 291.6m while RC-97-053 intersected 24 metres
grading 2.69 g/t gold from 160 metres and 6 metres grading 7.81 g/t gold from 286m. DDH 19-002 was
drilled to a total depth of 464 metres and intersected additional gold mineralization of 9.0 metres grading
7.31 g/t gold with 48.9 g/t silver from 367.0 metres approximately 25 metres from the lower intercepts in
DDH-97-007A and RC-97-053 (see Figures 1, 2 & 3). The deeper mi neralization is associated with a
sulphide rich, siliceous breccia, and is open at depth. Future mineralogical and metallurgical testwork
will be required to estimate precious metals recoveries in the sulphide zone.
In addition to extending mineralization at depth, drill hole DD H 19-002 encountered several other high
grade silver and gold intercepts that infill the current pit co nstrained mineral resource (see Figures 1, 2
and 3). An intercept of 22.0 metres grading 2.74 g/t gold from 56.0 metres confirms a shallow upper gold
zone. Further down the hole, a 17.5 metre intercept grading 60 3.9 g/t silver from 137.5 metres is within
the upper silver zone, which is interpreted as an oxide enrichment zone concentrated along structures.
In the lower gold zone, a shallowly dipping tabular body develo ped in the volcanics near the basement
unconformity, high grade gold mineralization was confirmed to t he north of hole DDH 97-007A (27.7
metres grading 7.87 g/t gold) in DDH 19-002 with a 15.0 metre intercept grading 10.42 g/t gold and 285.7
g/t silver (1,066 g/t silver-equivalent) from 242.0 metres, including 7.0 metres grading 20.64 g/t and 202.1
g/t silver (1,750 g/t silver-equivalent) from 250 metres.
Hole DDH 19-001
Hole DDH 19-001, was drilled to a depth of 380 meters to test t he depth extent of the Main and Cross
Breccias. The shallower silver intercepts encountered in hole D DH 19-001 support the estimated silver
resource from oxide mineralization and the deeper gold intercepts are associated with sulphides in veins
and fractures in altered granitoid rocks.
Drill Plan Objectives and Next Steps
The objectives of the current drilling program include the following:
Evaluate the potential to expand the high-grade gold mineraliz ation both along strike and
beneath the existing known resource into the basement rocks.
Provide additional information on the existing silver resource and evaluate the likelihood of
potentially increasing the grade of the known resource.
Test for gold sulphide exploration targets beneath the silver- gold oxide zone.
The current drill program is expected to consist of approximate ly seven or eight diamond holes totaling
approximately 3,000 meters. A third hole, DDH 20-001, was recently completed down to a depth of 359
meters, and assay results will be issued as they are received and interpreted. Given the results from the
first two holes, the Company is in the process of reviewing and interpreting the new information before
selecting the next batch of drill targets. Based on the high grade intercepts encountered in DDH 19-002,
the priority area for resource expansion will be step-out drilling along strike from that hole (Figure 4).
Figure 4 – Plan View of Current Drill Holes and Section Location
About Diablillos
The 80 km2 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; and Pascua Lama,
on the Chile-Argentine border.
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
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.
Qualified Persons
Lawrence Winter, Ph.D. P.Geo. Technical Advisor to 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.
ANNEX 1 – Drill Result Summary of Holes DDH 19-001 and DDH 19-002
Drill Hole From (m) To (m) Interc ept (m) Thickness (m) Ag (g/t) Au (g/t) AgEq (g/t) 1
DDH 19-001
166.0 231.0 65.0 54.20 104.9 0.2 102
including 201.0 204.0 3.0 2.50 345.5 0.3 307
302.0 312.0 10.0 8.0 9.9 0.08 15
326.0 327.0 1.0 0.83 48.4 0.93 110
353.0 354.0 1.0 0.83 15.1 6.93 533
DDH 19-002
56.0 78.0 22.0 18.33 16.8 2.74 220
including 57.0 60.0 3.0 2.50 103.8 2.91 304
137.5 155.0 17.5 14.58 603.9 0.1 504
180.0 200.0 20.0 16.67 140.2 0.03 118
242.0 257.0 15.0 12.50 285.7 10.42 1,017
including 250.0 257.0 7.0 5.83 202.1 20.64 1,715
367.0 376.0 9.0 4.50 48.9 7.31 589
including 371.0 376.0 5.0 2.50 16.7 11.27 860
369.0 400.0 31.0 25.00 24.7 2.27 191
438.0 450.0 12.0 6.00 24.2 0.47 56
1 AgEq is calculated based on a gold to silver ratio of 75:1 and assumes average LoM recoveries of 86% Au and 82% Ag from
the 2018 PEA. For example, Silver Equivalent grade = (Ag grade * 82%) + (Au grade x 75 * 86%).
Collar Data
Hole Number UTM Coordinates Elevation Azimuth Dip Depth
DDH 19-001 X 720293 Y 7199273 4315 0 -60 380 m
DDH 19-002 X 720295 Y 7199404 4300 0 -60 464 m
About AbraPlata
AbraPlata is focused on exploring and advancing its flagship Di ablillos silver-gold property. 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. The Company also owns the highly prospective Cerro Amarillo property with its cluster of five
mineralized Cu-(Mo-Au) porphyry intrusions, and the Aguas Perdidas Patagonia-style epithermal Au-Ag property.
AbraPlata is listed on the TSX-V under the symbol “ABRA”.
For further information please visit the AbraPlata Resource website at www.abraplata.com or contact:
John Miniotis, President & CEO
Tel: +1 416-306-8334
Cautionary Statements
This news release includes cert ain "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 in formation. There can be no assurance that such
statements will prove to be accu rate, as actual results and fut ure 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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