ABRA.TO · 2017-08-01 12:00:00

AbraPlata Intersects 240g/t Silver over 11.5m at its Diablillos Project in Argentina

Drill Results

AbraPlata Intersects 240g/t Silver over 11.5m at its Diablillos

Project in Argentina

Buenos Aires – August 1, 2017, - AbraPlata Resource Corp. (TSX.V:ABRA; OTCQB: ABBRF; Frankfurt: 1AH)

("AbraPlata" or the "Company" ) is pleased to report results from the first drill hole of the recently

commenced 2000m drilling campaign at the Fantasma Mineralized Zone on its Diablillo s property (see

Figure 1) in southern Salta, northwestern Argentina. Hole DDH-17-128 intersected silver mineralization

grading 98.3g/t Ag over 52m including 239.8 g/t Ag over 11.47m (see Figure 2) in which a single sample

returned 515g/t Ag over 1.47m.

“We are extremely pleased that the first batch of results has confirmed the nature and tenor of the

mineralization identified in the earlier exploration campaign,” commented AbraPlata’s Executive

Chairman, Hernan Zaballa. “Our drilling to date has already extended the zone of

alteration/mineralization at Fantasma over a strike of at least 200m, and indicated that the

alteration/mineralization is open both in the east and west as well as at depth. The objectives of our

program are to define the limits of the mineralization and arrive at a preliminary resource estimate. We

will report on the results of this drilling as the assays become available from the laboratory and after the

data have been compiled and analyzed”.

Fantasma

The Fantasma Mineralized Zone is one of eight mineral occurrences on the property (Figure 1), and lies

some 800m west of the Oculto Deposit which currently hosts all the indicated resources reported for the

property to date (see 43 -101 Technical Report dated November 2, 2016 prepared by Roscoe Postle

Associates Inc which is filed under the Company’s profile on SEDAR). Silver-rich mineralization at

Fantasma outcrops at surface beneath a thin veneer of alluvium, and was identified by Silver Standard

Resources Inc in 2012 from sampling done in five trenches over the Fantasma area. T hey followed up

with three diamond drill holes angled at 60° ( Figure 2,) and intersected mineralization in all three holes.

This mineralization appeared to be confined to two gently dipping, stacked layers some 20m and 10m in

thickness respectively as indicated by hole DDH-12-126 which intersected 24.1m @ 117.6g/t Ag in the

upper zone and 11.7m @ 185.6g/t Ag in the lower zone. AbraPlata’s hole DDH -17-128, which was

drilled vertically and intersected mineralization grading 98.3g/t Ag over 52.0 m, indicates that the two

stacked layers may be merging to the west.

The focus of the current drill program is to extend mineralization at Fantasma with a view to expanding

the existing resources outlined at Oculto and to establish the parameters necessary for completing a

Preliminary Economic Assessment study. The implication of bringing the Fantasma mineralization into a

resource category, however, goes beyond merely growing the global resource at Diablillos; rather, the

near surface mineralization at Fantasma could go a long way to mitigating the effects of a pre -strip that

would be required in bringing the buried Oculto deposit into production. The current program of 2000m

is expected to be completed by late July - early August, and comprises 15 holes ranging from 100m to

350m in depth.

Sampling Procedures & Quality Control 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 are

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 ba gged, 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 representativity. 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 t he 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.

An independent party has been appointed to review and report on the QA/QC program at the project.

Qualified Person

Willem Fuchter, PhD P Geo, President & 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 foc used 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 add ition, 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. Furt her exploration

work is also planned for the Company’s Samenta porphyry Cu -Mo property south of First Quantum’s

TacaTaca project as well as its Aguas Perdidas Au-Ag epithermal property.

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]

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 antic ipates 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 further information about AbraPlata and its projects, please visit the Company’s website at

www.abraplata.com.

Graben Valley Exploration Area

Basement Valley

Exploration Area

Mineral Deposit

Prospect

Fault

Tenement

Mineral Occurrence

Pedernales

Oculto

Laderas

Yolanda

Corderos

Cerro del

Medio

Cerro

Viejo

Fantasma

Figure 1 - The Diablillos Ag-Au property showing the various mineralized occurrences, including the Oculto Deposit, which hosts

the current indicated resources reported for the property.

0 1 2

Kilometers

4050

4100

4150

4200m

-100

-50

52.0m

@ 98.3g/t Ag

52.0m

@ 98.3g/t Ag

11.47m

@ 239.8g/t Ag

11.47m

@ 239.8g/t Ag



«±

±±

±



±

±



±

±±

±«

««

100

DDH-17-128

41m

57m

DDH-12-125

DDH-12-124



DDH-12-126

89m

Lithology



Fault zone

± ± ± Altered Andesite with

stockworks and veinlets

« « «

« « « Massive Andesite



 Colluvium

Ag (g/t)

< 25

25 - 50

50 - 100

200 - 300

> 300

25m

Section window

Looking NW

Figure 2 - Cross section through diamond drill hole DDH-17-128 indicating lithology and silver values. Note the results of the

three previous drilled holes (2012) to the left of DDH-17-128.

100 - 200

Section

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