ThSeeker
4 years ago
AbraPlata Engages Torrey Hills Capital
Toronto - TheNewswire – October 13, 2020: AbraPlata Resource Corp. (TSXV:ABRA) (OTCPK:ABBRF) ("AbraPlata" or the “Company”) is pleased to announce that it has engaged San Diego Torrey Hills Capital, Inc. ("Torrey Hills Capital"), a Rancho Santa Fe, California based investor relations firm, to provide market awareness and investor relations services to the Company, subject to acceptance by the TSX Venture Exchange ("TSX-V"). Cliff Mastricola is the principal of Torrey Hills Capital and will be responsible for all activities related to AbraPlata.
Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and microcap companies. Torrey Hills Capital will increase awareness about AbraPlata through its established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space. This will allow the Company to build and maintain an informed investor audience in both the U.S. and Canadian marketplaces.
Torrey Hills Capital has been engaged at a rate of US$4,500 per month for an initial term of six months. After the initial term, the agreement will terminate unless otherwise extended by both parties. AbraPlata has also agreed to a one-time grant of 200,000 incentive stock options (the "Options") exercisable at a price of C$0.30 per share for a period of three years. The Options will be subject to the terms of the Company's stock option plan and will vest in accordance with the provisions therein and the policies of the TSX-V.
Torrey Hills Capital currently has no direct or indirect interest in the securities of AbraPlata, or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced Options.
The appointment of Torrey Hills Capital as an investor relations consultant of AbraPlata and the granting of the Options remain subject to regulatory acceptance of applicable filings with the TSX-V.
ThSeeker
4 years ago
AbraPlata Drills 10.20 g/t AuEq Over 2 m and Adds Second Drill Rig To Expand and Accelerate Exploration Program at Diablillos Project
Toronto - October 13, 2020: AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraPlata" or the “Company”) is pleased to announce results from three diamond drill holes at its wholly-owned Diablillos in Salta Province, Argentina. Drilling was designed to test extensions beyond the currently defined mineral resources. The holes intersected numerous zones of gold and silver mineralisation within oxides beneath the current resource boundary. Two of the holes also intercepted zones of sulphide mineralisation hosting copper with associated gold and silver farther down the holes, beneath the oxide zones.
The Company has added a second drill rig at the Diablillos project and will be further expanding its 2019-2020 drill program from 8,000 m to approximately 13,000 m in response to successful drilling results to date and to test other high-priority exploration targets on the Diablillos property. The second drill rig is at site and is expected to commence drilling activities by the end of the week.
ThSeeker
4 years ago
AbraPlata Commences 5,000 Metre Drilling Program at Diablillos Silver-Gold Project
Toronto - August 12, 2020: AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraPlata" or the “Company”) is pleased to announce the commencement of Phase 2 drilling at its 100% owned Diablillos silver-gold project, located in the mining-friendly Salta Province of Argentina.
This phase of the diamond drilling program is expected to consist of 10 holes, totalling approximately 5,000 metres. The drilling has two main objectives, being to explore for additional high grade gold and silver mineralisation to augment the current oxide resources at the Oculto Zone and adjacent areas, and also to test for the continuity of underlying copper-gold sulphide mineralisation which may be linked to a porphyry intrusive that would have been the source of mineralising fluids.
David O’Connor, Chief Geologist of the Company, stated “We anticipate adding tonnage and grade to the gold and silver resources, both within the Oculto Zone and at satellite areas that have only had very limited or no drill testing. We are also excited about our continued exploration of the hypogene mineralisation underlying oxide mineralization in the Oculto Zone, and has the potential to be a substantially larger resource.”
Priority Targets
The first priority target area consists of the core Oculto Zone, which hosts the majority of the currently known silver-gold mineralization, as well as satellite areas (Laderas, Northeast Gold Zone, Zorro, Cerro Bayo and Cerro Bayo East). The proposed drill holes are shown on Figure 1 below. A detailed ground magnetic survey is planned to help define drill targets based on interpreted structures at depth combined with recently mapped outcropping siliceous breccia zones in these satellite areas.
The second priority target area consists of the sulphide mineralisation beneath the oxide resources in the Oculto Zone, which is hosted in Ordovician basement rocks comprised of granitoids and meta-sediments (see Figure 2). Based on recent drilling, these rocks have responded differently to the injection of mineralising fluids, with the north-eastern meta-sediments and granitoids being less restrictive. This is a new target area.
Timing of Phase 1 Drilling Results
The Company expects to receive results from the previously completed four drill holes over the next several weeks, at which stage the Company will provide an update. Sample shipments to the assay lab have been delayed due to increased transportation safety protocols associated with COVID-19 preventative measures, resulting in slower turnaround for assay results.
ThSeeker
4 years ago
Goldman Sachs, which has ditched its own $2,000 forecast and says we’re going to see $2,300 an ounce in the next 12 months.
The bank also lifted its silver outlook to $30 from $22 an ounce.
Driven by “a potential shift in the U.S. Fed toward an inflationary bias against a backdrop of rising geopolitical tensions, elevated U.S. domestic political and social uncertainty, and a growing second wave of COVID-19 related infections,” gold’s surge to new highs lately has outpaced gains for real rates and other alternatives to the dollar, said a team of analysts led by Jeffrey Currie.
“Combined with a record level of debt accumulation by the U.S. government, real concerns around the longevity of the U.S. dollar as a reserve currency have started to emerge,” said the team.
One point made by Currie and the team is that hedges against inflation like commodities and stocks are likely far cheaper currently, than maybe in the future when inflation could start to show up. Current debasement — lowering the value of currencies — and debt accumulation “sows the seeds for future inflationary risks despite inflationary risks remaining low today.”
ThSeeker
4 years ago
AbraPlata Increases 2020 Exploration Program at Diablillos Silver-Gold Project
Toronto - July 20, 2020: AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraPlata" or the “Company”) is pleased to announce a significant increase to its ongoing 2020 exploration program at the Company’s 100% owned Diablillos silver-gold project with an additional 5,000 metres of diamond drilling planned. The expanded exploration program will increase the planned drilling for the 2019-2020 program to total approximately 8,000 metres in approximately 17 diamond drill holes.
The Company recently completed drilling the four-hole program announced on June 02, 2020, and expects initial assay results in early August, at which stage the Company will provide an update.
John Miniotis, President and CEO of the Company, stated “We are very pleased to announce a significant increase to our fully-funded exploration program at Diablillos. The expansion of the drill program allows us to continue to test the extension of high-grade gold mineralization beneath the current mineral resources and along strike. With assay results pending from recently drilled holes and drilling activities expected to continue for the next four months, we now eagerly anticipate steady news flow from the exploration program throughout the remainder of the year.”
Planned 5,000 Metre Drill Program Objectives
The additional 5,000 metres (approximately 10 holes) of diamond drilling will utilize a single drill from August to approximately November 2020. The main objective of the exploration program is to further expand known resources of the lower gold dominant zone located close to the andesite/basement unconformity at Oculto, which is a high sulphidation epithermal system. The planned program will consist of:
Several holes targeting a broadly horizontal zone of higher-grade gold mineralization which occurs at or near the contact of the Tertiary volcanic rocks and the Ordovician basement assemblage. The gold mineralization along this contact zone is approximately 30 meters thick and is one of the key targets for the upcoming drill program, as are the steeply-dipping hydrothermal breccias that extend into the basement below the contact zone (see block diagram in Figure 1).
As the sulphide related gold/silver/copper mineralization occurs immediately beneath the oxide gold mineralization, the drilling is designed to target the host breccia zones (feeders), while also intersecting the shallowly dipping oxide gold zone above them (Figure 1).
Drilling is also designed to expand the deeper gold zone to the east and relate drill intercepts to detailed outcrop mapping of silica breccia zones, as silver and gold mineralization at Oculto is associated with these breccias.
Selected deeper holes are planned to test the Laderas siliceous breccia zone immediately to the north of Oculto. In addition, these holes will test for new siliceous breccias between Laderas and Oculto.
One deeper hole is planned at Oculto to test for depth extensions of the Main Breccia on section 8225E where hole DDH 20-001 intersected 15m of 658g/t Ag, 2.35g/t Au and 5.1% Cu from 275 to 290m depth.
A ground magnetic survey is also planned in the next month to identify potential mineralizing structures under the colluvial covered plain between Oculto and Fantasma/Alpaca that may result in additional drill targets.
Figure 1 – Block Diagram Showing Position of Mineralized Zones
Figure 1
About Diablillos
The 80 km2 Diablillos property is located in the Argentine Puna region - the southern extension of the Altiplano of southern Peru, Bolivia, and northern Chile - and was acquired from SSR Mining Inc. by the Company in 2016. There are several known mineral zones on the Diablillos property, with the Oculto zone being the most advanced with approximately 85,000 metres drilled in 306 RC and diamond drill holes. Oculto is a high-sulphidation epithermal silver-gold deposit derived from remnant hot springs activity following Tertiarty-age local magmatic and volcanic activity. Comparatively nearby examples of high sulphidation epithermal deposits include: El Indio, Chile; Veladero, Argentina; and Pascua Lama, on the Chile-Argentine border.
Qualified Persons
David O’Connor P.Geo., Chief Geologist for AbraPlata, is the qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information in this news release.
ThSeeker
4 years ago
AbraPlata Closes $5.0 Million Private Placement with $3.0 Million Investment from Eric Sprott
Toronto – July 09, 2020: AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraPlata" or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Placement”). In connection with the closing of the Placement, the Company issued 43,478,261 units (each, a “Unit”) at a price of $0.115 per Unit for gross proceeds of $5.0 million. Each Unit consists of one common share in the equity of the Company (each, a "Common Share") and one share purchase warrant (each, a "Warrant"). Each Warrant will entitle the subscriber to purchase one additional Common Share at a price of $0.17 until the second (2nd) anniversary of the closing date of the Private Placement (the "Expiry Date").
Mr. Eric Sprott through 2176423 Ontario Ltd. (“2176423”), a corporation which is beneficially owned by him, acquired 26,000,000 Units pursuant to the Private Placement. As a result Mr. Sprott beneficially owns and controls 26,000,000 Shares of the Company and 26,000,000 Warrants representing 8.2% of the issued and outstanding Common Shares on a non-diluted basis, and 15.1% on a partially diluted basis, assuming the exercise of Mr. Sprott’s share purchase warrants. Prior to the closing of the Private Placement, Mr. Sprott did not beneficially own or control any securities of the Company.
The Units were acquired by Mr. Sprott, through 2176423, for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of the Company including on the open market or through private acquisitions or sell securities of the Company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
A copy of 2176423’s early warning report will appear on the Company's profile on SEDAR and may also be obtained by calling 416-945-3294 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).
Mr. John Miniotis, President and CEO of AbraPlata commented, “The addition of Mr. Sprott as a strategic investor is a major step in validating the Diablillos project as a high quality silver-gold exploration property, and further positions AbraPlata to deliver shareholder value through ongoing aggressive exploration. Mr. Sprott is now the 3rd largest shareholder of AbraPlata behind Altius Minerals Corp. and SSR Mining Inc., with the three parties collectively holding more than 35% of the float.”
The proceeds of the Placement will be used to advance exploration activities at the Diablillos Silver-Gold project and for general working capital purposes. In connection with the completion of the Placement, the Company will pay aggregate finders’ fees of $251,292 to Clarus Securities Inc., Haywood Securities Inc. and Canaccord Genuity Corp. and issue 2,086,800 broker warrants exercisable for Common Shares at a price of $0.15 until the Expiry Date.
All securities issued in connection with the closing of the Placement are subject to a four-month-and one-day statutory hold period in accordance with applicable securities laws.
Officers and directors of AbraPlata subscribed in the Placement for an aggregate of 882,608 Units and the participation of such officers and directors of AbraPlata in the Placement constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to section 5.5(a) and section 5.7(1)(a) as the fair market value of the officers' and directors' participation is not more than 25% of the Company's market capitalization.
The securities offered in the Placement have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States, nor in any other jurisdiction.
ThSeeker
4 years ago
GIL update
...AbraPlata Intersects 17.5 Metres of 604 g/t Silver and 7.0 Metres of 20.6 g/t Gold with 202 g/t Silver at Diablillos Project
AbraPlata Intercepts 14 Metres Of 6.40 g/t Gold & 197 g/t Silver And Identifies High-Grade Copper Zone With Intercept Of 15 Metres Of 5.1% Copper, 2.35 g/t Gold & 658 g/t Silver
???????5% copper opens up a whole new can of worms in this predominately gold/silver deposit! This asset is very advanced, with over 500 holes drilled and at the PEA stage. I asked the CEO yesterday about NPV values with silver a bit higher. At $25 silver and just $1,800 gold, the NPV at Diabillos is almost $700 Million CDN. ABRA has just a $45M CDN market cap right now!
If they were bought out in the next 6-12 months, I would expect them to command at least have of that NAV value. 7-8X higher than we are today at .17 CDN. Many of you own this one already, so enjoy the ride! New investors can certainly add shares up to the high teens/under .20. Shareholders may want to top off positions in the .16-.185 range while we can. I have been an aggressive buyer this past week.
ThSeeker
4 years ago
June 25 presentation
https://abraplata.com/_resources/presentations/corporate-presentation.pdf
Diablillos –Advanced District Scale Project
80km2property (100% AbraPlata) in Salta, Argentina
Indicated resource: 140 million silver-equivalent (AgEq) ounces or 1.7 million gold-equivalent ounces (AuEq) 1
Initial open pit PEA completed in 2018 with compelling economics (After-tax NPV of US$212M & 30% IRR)
Excellent Exploration Potential at Diablillos
Multiple mineralizes zones –epithermal gold-silver and porphyry copper-gold –with very little deep drilling to date
Drill program ongoing to expand gold-silver resources. Initial high-grade results include:
?7.0m at 20.6 g/t Au and 202 g/t Ag (oxides)
?17.5m at 604 g/t Ag (oxides)
?15.0m at 5.1% Cu, 2.35 g/t Au and 658 g/t Ag (sulphides)
Trading at a Significant Discount to Peers
Trading at only $0.14/oz AgEq vs. peer group of $0.42/oz AgEq
Assumes no value for other properties or new discoveries
Experienced Team & Supportive Shareholders
Altius Minerals and SSR Mining own 27% of outstanding shares
Eric Sprott currently investing for an 8% equity stake
Assets in Attractive Mining Jurisdictions
For 2019, Salta province ranked 4th overall for investment attractiveness in Latin America and Caribbean Basin
*Ranking ahead of countries such as: Mexico (6th), Brazil (9th) and Ecuador (13th)
AbraPlata’sportfolio of assets are located in 3 of the top 4 most attractive jurisdictions in Latin America
* Arcasproject in Chile (rank #1)
La Coipita project in San Juan, Argentina (rank #2)
Diabillillos project in Salta, Argentina (rank #4
ThSeeker
4 years ago
AbraPlata Upsizes Previously Announced Private Placement
NOT FOR DISTRIBUTION IN THE U.S. OR DISSEMINATION THROUGH U.S. NEWSWIRE SERVICES
Toronto – June 23, 2020: AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraPlata" or the “Company”) is pleased to announce that it has increased the size of its previously announced non-brokered private placements of units (the “Private Placement”) from $4,000,000 to $5,000,000. Upon closing of the Private Placement, the Company will issue up to 43,478,260 units ("Units") at a price of CAD$0.115 per Unit. Each Unit will consist of one common share in the equity of the Company (each, a "Common Share") and one share purchase warrant (each, a "Warrant"). Each Warrant will entitle the subscriber to purchase one additional Common Share at a price of $0.17 until the second (2nd) anniversary of the closing date of the Private Placement.
The proceeds of the Private Placement will be primarily used to fund AbraPlata’s continuing exploration program at the Diablillos silver-gold project in Salta province, Argentina. A portion of the proceeds will be used for general working capital purposes.
The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States, nor in any other jurisdiction.
About AbraPlata
AbraPlata is a mineral exploration company with a diversified portfolio of silver-gold and copper exploration projects in Argentina and Chile. The Company is focused on advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina, which is well-advanced, with more than US$35 million spent historically on exploration with drilling ongoing and an initial open pit PEA completed in 2018. The Company is led by an experienced management team and has long-term supportive shareholders including Altius Minerals and SSR Mining. In addition, AbraPlata owns the Arcas project in Chile where Rio Tinto has an option to earn up to a 75% interest by funding up to US$25 million in exploration. AbraPlata is listed on the TSX-V under the symbol “ABRA”.
For further information please visit the AbraPlata website at www.abraplata.com or contact:
John Miniotis, President & CEO
john@abraplata.com
Tel: +1 416-306-8334
ThSeeker
4 years ago
AbraPlata Announces $4.0 Million Private Placement with Lead Order from Eric Sprott
Toronto – June 23, 2020: AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraPlata" or the “Company”) is pleased to announce that it plans to complete a non-brokered private placement (the “Private Placement”) to raise up to CAD$4,000,000 through the issuance of up to 34,782,609 units ("Units") at a price of CAD$0.115 per Unit. Each Unit will consist of one common share in the equity of the Company (each, a "Common Share") and one share purchase warrant (each, a "Warrant"). Each Warrant will entitle the subscriber to purchase one additional Common Share at a price of $0.17 until the second (2nd) anniversary of the closing date of the Private Placement (the "Expiry Date"). Mr. Eric Sprott has agreed to invest CAD$3,000,000 in the Private Placement, for the acquisition of 26,086,957 Units.
Mr. John Miniotis, President and CEO of AbraPlata commented, “We are very pleased to welcome Mr. Sprott as a key shareholder in AbraPlata. His investment is a strong endorsement of our substantial silver-gold resource base and ensures that AbraPlata remains well funded to aggressively pursue our exploration plans at Diablillos.”
The proceeds of the Private Placement will be primarily used to fund AbraPlata’s continuing exploration program at the Diablillos silver-gold project in Salta province, Argentina. A portion of the proceeds will be used for general working capital purposes.
AbraPlata anticipates that certain insiders will acquire securities in the Private Placement. To the extent such insiders participate in the Private Placement, any such participation would be considered a “related party transaction” as defined under Multilateral Instrument 61-101.
The Company may pay finder's fees in respect to the Private Placement. Securities issued as a result of the Private Placement will be subject to a statutory hold period of four months. Closing of the Private Placement remains subject to regulatory approval, including approval of the TSX Venture Exchange.
The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States, nor in any other jurisdiction.
About AbraPlata
AbraPlata is a mineral exploration company with a diversified portfolio of silver-gold and copper exploration projects in Argentina and Chile. The Company is focused on advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina, which is well-advanced, with more than US$35 million spent historically on exploration with drilling ongoing and an initial open pit PEA completed in 2018. The Company is led by an experienced management team and has long-term supportive shareholders including Altius Minerals and SSR Mining. In addition, AbraPlata owns the Arcas project in Chile where Rio Tinto has an option to earn up to a 75% interest by funding up to US$25 million in exploration. AbraPlata is listed on the TSX-V under the symbol “ABRA”.
For further information please visit the AbraPlata website at www.abraplata.com or contact:
John Miniotis, President & CEO
john@abraplata.com
Tel: +1 416-306-8334
ThSeeker
4 years ago
AbraPlata Commences Drilling at Diablillos Silver-Gold Project
Toronto - June 02, 2020: AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraPlata" or the “Company”) is pleased to announce that it has recommenced drilling at its 100% owned Diablillos silver-gold project, located in the mining-friendly Salta province in Argentina.
This phase of the diamond drill program is expected to consist of four holes, totalling approximately 1,600 metres. The drill holes are designed to evaluate the potential for additional high grade gold mineralization in steeply dipping hydrothermal breccia structures that extend beneath the current silver and gold mineral resources, which are predominantly oxides hosted in volcanics, and into the basement rocks. The deeper portion of the drill holes are also designed to test the continuity of a copper-gold sulphide body beneath the Oculto high sulphidation system, which may be linked to a porphyry that would have been the driver of mineralising fluids.
David O’Connor, Chief Geologist of the Company, stated “Our previous drill hole 20-001 intersected high grade gold and silver mineralisation developed immediately above a zone of secondary enriched copper which forms a chalcocite blanket. Re-logging of copper intercepts in earlier holes has identified previously unrecognised chalcocite mineralisation developed above hypogene sulphide mineralisation. This represents a new and exciting exploration target.”
The proposed drill holes are discussed in more detail below.
Main Breccia
Proposed hole DDH 20-002 is targeting the Main Breccia 50m east of hole DDH 20-001, which obtained very high grade gold, silver and copper intercepts starting at a vertical depth of about 238 metres from surface (including 15 metres of sulphide mineralisation grading 5.10% copper, 2.35 g/t gold and 658 g/t silver – see news release dated February 19, 2020). This high grade copper zone is a well-developed part of the chalcocite enrichment blanket
West Breccia
Proposed hole DDH 20-003 is targeting the West Breccia 50m east of holes DDH 19-001 and DDH 19-002 (see news release dated January 27, 2020). The new hole will test the strike extent of deeper gold and silver mineralisation encountered in hole DDH 19-002 which intersected 15.0 meters of oxide mineralisation grading 10.4g/t gold and 285.7g/t silver from 242 to 257 meters depth, with 9.0 meters of sulphide mineralisation grading 7.3g/t gold and 48.9g/t silver from 387 to 376 meters depth. These intercepts are substantially deeper than previously drilled mineralisation. The new hole is also expected to test a gap in the upper silver zone.
Additional Step-Out Targets
Proposed hole DDH 20-004 will target a mineralised zone located 150m east of the other holes, beneath a cluster of gold intercepts. This hole will test the possibility of additional breccia hosted mineralisation north and east of the Main and West breccia zones.
Proposed hole DDH 20-005 will target the Main Breccia extension 50m west of the intercept in hole DDH 20-001.
About Diablillos
The 80 km2 Diablillos property is located in the Argentine Puna region - the southern extension of the Altiplano of southern Peru, Bolivia, and northern Chile - and was acquired from SSR Mining Inc. by the Company in 2016. There are several known mineral zones on the Diablillos property, with the Oculto zone being the most advanced with approximately 85,000 metres drilled in 306 RC and diamond drill holes. Oculto is a high-sulphidation epithermal silver-gold deposit derived from remnant hot springs activity following Tertiarty-age local magmatic and volcanic activity. Comparatively nearby examples of high sulphidation epithermal deposits include: El Indio, Chile; Veladero, Argentina; Filo del Sol, Argentina; and Pascua Lama, on the Chile-Argentine border.
David O’Connor P.Geo., Chief Geologist for AbraPlata, is the qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information in this news release.
About AbraPlata
AbraPlata is a mineral exploration company with a diversified portfolio of silver-gold and copper exploration projects in Argentina and Chile. The Company is focused on advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina, which is well-advanced, with more than US$35 million spent historically on exploration with drilling ongoing and an initial open pit PEA completed in 2018. The Company is led by an experienced management team and has long-term supportive shareholders including Altius Minerals and SSR Mining. In addition, AbraPlata owns the Arcas project in Chile where Rio Tinto has an option to earn up to a 75% interest by funding up to US$25 million in exploration. AbraPlata is listed on the TSX-V under the symbol “ABRA”.
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