Abraplata Engages Consultants For Preliminary Economic Assessment of the Diablillos Ag-Au Project in Argentina

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[{"type":"text","content":"Abraplata Engages Consultants For Preliminary Economic Assessment of the Diablillos Ag-Au Project in Argentina(via TheNewswire)\n \n \nBuenos Aires / TheNewswire / August 4, 2017, - AbraPlata Resource Corp (\"AbraPlata\" or the \"Company\") (TSX-V: ABRA; OTCQB: ABBRF; Frankfurt: 1AH) is pleased to announce that it has engaged Roscoe Postle Associates (\"RPA\") of Toronto, Canada and GR Engineering Services Limited (\"GRES\") of Perth, Australia to undertake a Preliminary Economic Assessment (\"PEA\") of the Diablillos Ag-Au project located in southern Salta Province in northwestern Argentina.\n\n \n \nDiablillos Project\n\n \n \nThe Diablillos property covers an area of some 79km2 and hosts epithermal precious metal mineralization in nine mineral occurrences. One of these, the Oculto Deposit, contains all the Indicated Resources known from the property which, as recently estimated by RPA, amounts to 27.7m tonnes at a grade of 91.2g/t Ag and 0.85g/t Au and containing 81.3m oz Ag and 755k oz Au (ie, 135m oz AgEq or\n\n\n \n1.9m oz AuEq). In addition, the Company is currently drilling-off additional mineralization at the Fantasma Mineralized Zone some 800m west of Oculto with a view to further defining and expanding the existing resource base from the property. This will allow AbraPlata to establish the parameters necessary for undertaking a PEA which will be completed by RPA and GRES over the next three to four months.\n\n \n \nPreliminary Economic Assessment (PEA)\n\n \n \nThe PEA to be prepared by RPA and GRES will cover all aspects of the Diabilillos project that would typically be addressed in a scoping study. More specifically, RPA will be responsible for preparing land and permit requirements, geology and resources (including a new resource estimate for the property), all mining aspects (including mine design and optimization, mining methods and equipment, and waste rock disposal procedures), and life-of-mine plan. GRES will provide inputs with respect to preliminary process design criteria, process flow diagrams, general arrangement drawings, mechanical equipment lists, material take-offs, leach pad and tailings storage facility, and supporting infrastructure (roads, power, water, buildings, etc). The report will also include after-tax cash flow forecasts and cash flow sensitivity to key inputs.\n\n \n \n\"We are pleased to...

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