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 – June 22, 2017, - AbraPlata Resource Corp. TSX.V:ABRA ("AbraPlata" or the "Company") is
pleased to announce that it has started a 2000m diamond drilling program on its Diablillos Ag-Au project
in southern Salta Province of northwestern Argentina. The objective of the planned diamond drill
program is to establish a resource within Fantasma Mineralized Zone with a view to further expanding
the existing resources ou tlined at the Oculto Deposit, some 800m to the east of Fantasma. This will
allow the Company to establish the parameters necessary for completing a Preliminary Economic
Assessment study.
Diablillos lies at an elevation of 4100m above sea level, and covers an area of some 79km2. The property
hosts Ag -Au epithermal mineralization within a north -trending graben which traverses most of the
property. This mineralization includes the Oculto deposit for which an indicated resource 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 AgEq or 1.9m oz AuEq). Reference is made to the Technical Report dated November 2,
2016 prepared by Roscoe Postle Associates Inc., a copy of which is filed und er the Company's profile on
SEDAR.
The Fantasma zone, which is the focus of the current drilling program, lies immediately to the west of
Oculto, and has been identified by a number of trenches and four drill holes. The current program is
expected to be completed by late July, and comprises 15 holes ranging from 100m to 350m in depth.
Mineralization at Fantasma outcrops at surface as indicated by the trenches, and appears to be confined
to two gently dipping, stacked layers some 20m and 10m in thickness r espectively. Previous drilling,
notably hole DDH-12-126, intersected 24.1m @ 117.6g/t Ag in the upper zone and 11.7m @ 185.6g/t Ag
in the lower zone. The Fantasma zone is most likely constrained by the graben bounding fault at its
western limit and an in tra-graben fault some 150m to the east; the zone would appear to be open to
the south and possibly to the north although probably limited to where the intra -graben fault pinches
out against the western boundary fault.
“The implication of establishing a re source within the Fantasma Mineralized Zone goes beyond merely
expanding the global resource already identified at Diablillos” commented AbraPlata’s Chairman Hernan
Zaballa, adding that “A near surface resource at Fantasma could go a long way to mitigatin g the effects
of a pre-strip that would be required in bringing the Oculto deposit into production”.
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 assembled 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 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 wo rk 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]
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 materia lly 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. T he
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.