TSX. V - PLY Frankfurt P1J OTC PLYFF NR 2017-01
TSX. V - PLY Frankfurt P1J OTC PLYFF NR 2017-01
230-470 Granville St Vancouver, B.C. Canada V6C 1V5
Tel: 604-687-7178 Toll Free: 888-244-6644
Ox Mountain Project: Drilling To Resume at Cloonacool
September 14, 2017
Playfair is mobilizing a drill crew for the resumption of drilling on its Ox Mountain
Prospects in County Sligo, Republic of Ireland . The drill program will focus on the CAZ
(Cloonacool Alteration Zone) structure as defined by the 2016 exploration.
Playfair has only tested a very small part of a very large structure at Cloonacool. The
primary focus of this 3000 meter phase of drilling is a 1.5 km long portion of the
structure proximal to the gold bearing angular blocks that originally focused exploration
efforts on this area and led to the discovery of gold in bedrock.
The exploration on the balance of the 4.5 km long structure will be results-driven.
To date, Playfair Mining has completed 947 metres of core drilling in 9 holes at the
Cloonacool prospect, the first ever in the area, testing an area 200m by 200m to a
maximum depth of 120m within the 1.5km cluster of gold bearing angular blocks. This
area is associated with a fault contact which, because it contains graphite, can be
tracked with geophysics for over 4km.
The drilling discovered a thick (100 to 150m), zone of silicified, bleached and altered
Dalradian sediments - the Cloonacool Alteration Zone (CAZ). This discovery has
increased confidence that all of the gold bearing angular blocks are derived from the
CAZ which is variably gold bearing, silicified, chloritized and contains graphitic section s
at its northern margin.
The hydrothermal alteration and mineralization is orogenic and, as such, is expected to
continue to depth.
Gold values in excess of 1 gpt were e ncountered in all 9 drill holes (See NR-13, Dec. 5,
2016).
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230-470 Granville St Vancouver, B.C. Canada V6C 1V5
Tel: 604-687-7178 Toll Free: 888-244-6644
Don Moore, Playfair's CEO commented "I am extremely encouraged by results to date;
we have discovered a thick zone of hydrothermal alteration with elevated gold values in
a part of Ireland where, until Playfair and Bowpark's work, gold was unknown.”
The one hole drilled at Cab ragh overshot the intended target. D rill hole locations have
now been permitted to test the geophysical conductor proximal to the cluster of gold
bearing float at Cabragh.
Playfair Mining has entered into an Option Agreement to acquire up to a 100% inter est
in Bowpark Exploration (Ireland) Ltd. Bowpark is a private company registered in Ireland
and holds as its sole asset 3 contiguous prospecting licenses over the Ox Mountains in
County Sligo, Ireland.
Richard Parker and Andy Bowden are carrying out and overseeing these approved
exploration programs on behalf of Playfair and Bowpark. Both are qualified persons as
defined by National Instrument 43 -101 and they have reviewed and approved the
contents of this News Release.
ON BEHALF OF THE BOARD
“D. Neil Briggs”
D. Neil Briggs, Director
Neither 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.
Forward-Looking Statements: This Playfair Mining Ltd News Release may contain certain "forward -looking" statements and
information relating to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and
information currently av ailable to Playfair management. Such statements reflect the current risks, uncertainties and assumptions
related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements,
title matters, op erating hazards, metal prices, political and economic factors, competitive factors, general economic conditions,
relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change ,
industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any
underlying assumptions prove incorrect, actual results and forward -looking statements may vary materially from those described
herein.
Visit our website: www.playfairmining.com
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