(TheNewswire)
Buenos Aires / TheNewswire / 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
Diablillos 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. They 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 52.0m, 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
bagged, 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 the 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 PGeo, 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 assembled an outstanding portfolio of gold, silver and copper
exploration assets, and is focused 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: willem@abraplata.com
Email: karl@abraplata.com
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.
For further information about AbraPlata and its projects, please visit the Company’s website at www.abraplata.com .
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