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AbraPlata Resource Corp. Completes Ground Magnetic Survey at Diablillos, Identifies Additional Drill Targets
Toronto - TheNewswire - November 04, 2020: AbraPlata Resource Corp. (TSXV:ABRA) (OTC:ABBRF) ("AbraPlata" or the "Company") is pleased to announce the completion
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"Toronto - TheNewswire - November 04, 2020: AbraPlata Resource Corp. (TSXV:ABRA) (OTC:ABBRF) (\"AbraPlata\" or the \"Company\") is pleased to announce the completion of geophysical surveys on its wholly-owned Diablillos Project, and provides the following geological observations and next steps: The surveys have identified low magnetic areas associated with lineaments that represent priority drill targets. These newly identified targets have the potential to substantially expand the known Oculto silver-gold resource westwards. The west-northwest structure between the Oculto and Fantasma mineralised zones may host untested mineralisation. The Company plans to commence drilling the new priority targets later this month. David O'Connor, Chief Geologist, commented, \"We are excited to have identified several magnetic anomalies associated with a conjugate set of East-Northeast and West-Northwest striking structures that are new, priority drill targets with the potential to expand the silver-gold resources at Oculto, Fantasma and other areas close to the known resource base.\" The surveys were carried out by Quantec Geoscience S.A of Mendoza and included detailed ground magnetic surveys (50 metre line spacing) and three follow-up IP lines. The ground magnetic surveys covered the Oculto epithermal silver-gold zone and the Cerro Blanco-Cerro Viejo zone, which has outcropping porphyry intrusions and is centred approximately 4 kilometres northeast of Oculto (Figure 1). The detailed ground magnetic survey over the Oculto Zone was designed to determine lineaments which may reflect possible structures at Oculto, as existing silver and gold resources are strongly correlated to faults and steeply dipping hydrothermal breccias. The magnetic survey has successfully shown the extension of a pronounced set of East-Northeast trending structures which are mineralised at the Oculto deposit, and a conjugate set of West-Northwest trending structures, one of which hosts the Fantasma mineralisation one kilometre west of Oculto. The area between these two deposits is a colluvium covered plain and the new ground magnetic survey will allow the Company's geologists to site drill holes on targets in this area to explore for extensions of the mineralised system (Figure 1). Figure 1 - Reduced to Pole MAG Map Showing Structures Identified in and Around the Oculto ...