AbraPlata reports latest drill results for the Fantasma Mineralized Zone at the Diablillos Project in Argentina
AbraPlata reports latest drill results for the Fantasma
Mineralized Zone at the Diablillos Project in Argentina
BUENOS AIRES – October 19, 2017, - AbraPlata Resource Corp. (TSX.V:ABRA; OTCQB: ABBRF; Frankfurt:
1AH) ("AbraPlata" or the "Company" ) is pleased to report results of the latest drill results from the
Fantasma Mineralized Zone on its Diablillos property in northwestern Argentina.
Hole DDH-17-1 52, which was collared 130m WSW of hole D DH-17-128 ( the first hole of the current
campaign and sub ject of news release dated August 1, 2017) , intersected 89.6g/t Ag over 9 m (from
109m – 118m down the hole), including 227.0g/t Ag over 2m (from 112m – 114m). Drilling to date at
Fantasma has indicated mineralization and alteration over a 400m zone oriented along a WNW trend. A
high grade core (~100 -150g/t Ag) manifests itself in the SE half of this zone (Figure 1) and appears to
have a strike of some 200m (Figure 1) and a width of about 30m (Figure 2). This high grade core is open
to the ESE towards the Oculto deposit some 600m to the E of the Fantasma Zone, and the higher grade
core seems to plunge down below lower grade mineralization (30-60 g/t Ag) towards the WNW.
“These results have been sent to RPA Inc of Toronto for inclusion in the PEA which is currently
underway,” commented AbraPlata’s Executive C hairman, Hernan Zaballa. “Moreover, we plan to
continue to drill-off mineralization towards the ESE at Fantasma, before moving the rig to the other
satellite deposits on the property”.
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 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 regula r 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 ord er 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 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 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-lo oking 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 mat erially 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 statement s. 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 Serv ices 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.