Business
AbraPlata Resource Corp. Summarizes Successful 2020 Drilling Results and Provides Corporate Outlook for 2021
Toronto - TheNewswire - January 12, 2021: AbraPlata Resource Corp. (TSX.V:ABRA) (OTC:ABBRF) ("AbraPlata" or the “Company”) is pleased to provide a summary of it
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"Toronto - TheNewswire - January 12, 2021: AbraPlata Resource Corp. (TSX.V:ABRA) (OTC:ABBRF) (\"AbraPlata\" or the “Company”) is pleased to provide a summary of its 2020 accomplishments and present its outlook for 2021. AbraPlata begins the new year with a strong balance sheet of approximately C$18 million of cash with no debt, and is continuing to aggressively explore several high-priority drill targets at its wholly-owned Diablillos project in Salta, Argentina. AbraPlata made substantial progress on multiple fronts in 2020, with the top three highlights being: The successful completion of three equity financings for aggregate gross proceeds of C$25 million, also resulting in Mr. Eric Sprott becoming the Company’s largest shareholder Announcing multiple high-grade silver, gold and copper exploration results at Oculto as part of the ongoing 13,000-metre drill program. Refer to Table 1 below for summary of top drill intercepts Strong share price appreciation with increased shareholder value of 750% for the year, resulting in the Company being among the best performing mineral exploration companies listed on the TSX-Venture Exchange. John Miniotis, President & CEO, commented, “The past year has truly been transformational for the Company, and has greatly positioned us to continue to add value going forward. With an aggressive exploration program at Diablillos underway, a strong balance sheet, and a highly supportive shareholder base, we’re pleased to be rapidly emerging as one of the premier silver-gold focused exploration stories. I would personally like to thank all of our team members for their hard work and shareholders for their continuing support, as we look forward to further exciting years ahead in 2021 and beyond.” “Finally, we are extremely pleased to be actively working in the Salta province, which is ranked among one of the best mining jurisdictions, not only in Argentina but in the Americas. The province has proven over time its commitment to support the mining and exploration industry, which has had a very positive impact on the business environment. We look forward to continuing to work closely with the government and local communities, as we look to advance the Diablillos project towards production.” stated Mr. Miniotis. 2020 Drilling Highlights: I...