Abraplata Reaches Agreement to Preserve Title to the Diablillos Ag-Au PROJECT in Argentina

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[{"type":"text","content":"Abraplata Reaches Agreement to Preserve Title to the Diablillos Ag-Au PROJECT in Argentina(via TheNewswire)\n \n \nBuenos Aires / TheNewswire / July 12, 2017, - AbraPlata Resource Corp. TSX.V:ABRA (\"AbraPlata\" or the \"Company\") (TSX-V: ABRA) (Frankfurt:1AH) (OTCQB:ABBRF) is pleased to announce that it has reached an agreement to acquire certain third party mineral rights that, as a result of a long-standing border dispute between two neighbouring provinces in northwestern Argentina, overlap, and potentially conflict with, the Company's mineral rights to its Diablillos Ag-Au project (see Figure 1 attached). The acquisition of the potentially conflicting mineral rights will allow the Company to retain its title to the Diablillos Ag-Au project regardless of the ultimate outcome of the provincial border dispute.\n\n\n \nThe Diablillos property lies within the border zone between the Province of Salta and the Province of Catamarca. For many years, the definitive border line between Salta and Catamarca has been in dispute and the Diablillos property falls within territory claimed by both provinces. In 1984, the government of Salta granted mineral rights to the Diablillos property to one of the Company's predecessors-in-title (see Figure 2). In the early 2000s, the government of Catamarca granted to a third party mineral rights in the same area (see Figure 3), some of which overlapped with the Diablillos mineral rights previously granted by the government of Salta, thereby creating the potential for conflicting titles pending the resolution of the border dispute, a matter falling within the jurisdiction of the federal government under the Constitution of Argentina. Additional details respecting the provincial border dispute and the potentially conflicting titles to the Diablillos property can be found in the Company's Filing Statement dated March 1, 2017, a copy of which is filed under the Company's profile on SEDAR (www.sedar.com).\n\n\n \nThe Company has reached an agreement with the shareholders of Minera Cerro Bayo SA (\"Cerro Bayo\" or \"MCB\"), the owner of the conflicting mineral rights granted by the government of Catamarca, to acquire a 100% equity interest in Cerro Bayo, thereby indirectly acquiring ownership and control of the conflicting mineral interests. As consideration, the Company will pay US$ 3.325 million in cash...

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