Abraplata to Mobilize Drill Rig FOR Its Diablillos AG -Au Project IN Argentina
ABRAPLATA TO MOBILIZE DRILL RIG FOR ITS DIABLILLOS Ag -Au PROJECT IN
ARGENTINA
Buenos Aires – May 24, 2017, - AbraPlata Resource Corp. TSX.V:ABRA ("AbraPlata" or the "Company") is
pleased to announce that it has awarded a 2 ,000m drilling contract to Foraco Argentina SA , the wholly
owned Argentine subsidiary of Foraco International SA (“Foraco”). A truck-mounted Boart Longyear LF-
90 drill rig is being mobilized to undertake a 15 hole program on AbraPlata’s Diablillos Ag -Au project in
the high plains desert of the “Puna” in southern Salta Provinc e of northwestern Argentina, and drilling
operations are to commence by the end of the week. The planned diamond drill program is expected to
bring additional mineralization at the Fantasma Mineralized Zone into a resource category with a view to
further defining and expanding, the existing resources outlined at the Oculto Deposit, some 8oom to the
east of Fantasma. This will, in turn, allow the Company to establish the parameters necessary for updating
a previously prepared, internal Preliminary Economic Assessment study.
Diablillos
The Diablillos property lies at an elevation of 4100m a bove sea level, and covers an area of 79km 2. It is
located in a rapidly developing mineral province in n orthwestern Argentina that includes the TacaTaca
(First Quantum), Lindero and Arizaro (Fortuna), Rio Grande (Regulus), and Samenta (AbraPlata) deposits.
Access is good with all-weather gravel roads and a serviceable airstrip on a neighbouring property.
The property hosts the Ag-Au epithermal Oculto Deposit for which an indicated r esource has been
estimated consisting of 27.7m tonnes at 91.2g/t Ag and 0.85g/t Au and containing 81.3m oz Ag and 755k
oz Au (135m oz AgE q or 1.9m oz AuEq ). Oculto is only one of nine mineral occurre nces located on the
Diablillos property. The Fantasma zone lies immediately to the west of Oculto, and has been identified by
a number of trenches and four drill holes. A dacite porphyry at the Cerro Viejo Este occurrence, some
1200m north-northwest of Oculto, hosts Cu-Au mineralization that has been intersected in two drill holes
in a dacite porphyry. At Pedernales to the north of Oculto, narrower but higher grade epithermal
mineralization has been intersected in a number of drill holes. Altogether, some 85,000m of drilling in
448 holes have has been undertaken on the Property, the majority of them on Oculto.
About AbraPlata Resource Corp.
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 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.
About Foraco
Foraco International SA, a publicly traded company based in Marseille, France, is the third largest global
mineral driller providing innovative solutions for mining, and water projects across 22 countries and five
continents. With the 3 rd largest global fleet of drilling rigs, best -in-class safety standards and a versatile,
well-trained international workforce with a proven track record in geologically complex formations ,
Foraco is uniquely positioned to satisfy the needs of customers operating around the world. Foraco is
traded on the Toronto Stock Exchange under the ticker symbol “FAR.”
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]
Qualified Person
Willem Fuchter, PGeo, 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.
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 release.